It’s that time of year again: tax season. As if you weren’t stressed enough, right?
Now, in addition to everything going on at work and home and everywhere in between, you’ve got to worry about exemptions, dividends, gross income, credits and payments, and whether or not you’ll get a dang return this year.
Just thinking about it makes us want to reach for the lavender essential oil and our fave meditation spot.
Unfortunately, we can’t meditate our taxes away. Submitting that 1040 Form is one of those unavoidable truths we’ll have to face every year until that other unavoidable truth…
Whooo that got dark. But, don’t worry, we’re here to lighten things back up: you can’t avoid doing your tax return forever, but you can avoid doing it right now. You see, not a lot of people know this, but you can actually apply for a tax day extension just by submitting the IRS’s personal return extension form – Form 4868. And you don’t even have to have a reason for why you need more time!
With Form 4868, all you need to do is provide your basic taxpayer info, the form type you’re extending, and your estimated tax liability, and you’ll be qualified for a 6-month extension to file your 1040 Form. Now, this form does not extend the amount of time you have to pay any taxes, so if you suspect you might owe, you’ll still need to pay that by April 18, 2017. BUT, if you file Form 4868, you could have until October to get all that paperwork turned into the IRS.
Form 4868 is due the same day your taxes are (April 18), so if you want to submit it to the IRS on paper, you’ll need to do so SOON. As in, probably today.
While it’s a simple form, if you weren’t planning on getting the 4868 done today, chances are you’re probably already booked solid with other things. Which is okay! The easiest way to submit Form 4868 is by e-filing anyway!
When you e-file Form 4868, you’ll receive confirmation of approval or rejection from the IRS usually the same day you submit it. And when you e-file through the IRS or any IRS-authorized e-filer, serious measures have been put in place to ensure your form and the information on it get to the IRS securely.
Of course, we have in mind who we’ll use to e-file our 4868 Forms: ExpressExtension! Now, admittedly, we’re a little biased because this is one of our sister products, but it really does get the job done! There are error checks throughout the program to keep you from submitting any incorrect information and you can even use it to pay any taxes you owe before Tax Day.
If you’d like to know more, leave us a comment below and we’ll make sure a friendly ExpressExtension team member contacts you. Or, you can contact them directly by visiting www.ExpressExtension.com or calling (803) 514-5155.