How Do I File an Extension with the IRS?
When life throws you a curveball, and you find yourself unable to file your taxes by the April 15th deadline, filing for an extension with the IRS can be a lifesaver. This guide will walk you through the process of how to file an extension with the IRS, ensuring you stay compliant and avoid penalties.
Understanding the IRS Extension
An IRS extension gives you an additional six months to file your tax return. It’s important to note that while an extension gives you more time to file, it does not give you more time to pay any taxes you owe. If you expect to owe taxes, you should estimate the amount and pay it by the original filing deadline to avoid penalties and interest.
Eligibility for an Extension
Most taxpayers are eligible for an automatic six-month extension. However, there are a few exceptions. If you are a resident alien, a dual-status alien, or a non-resident alien, you may need to file Form 4868 to request an extension.
How to File for an Extension
There are two ways to file for an extension: online or by mail.
Online Extension
1. Visit the IRS website at irs.gov.
2. Click on “File Your Taxes” and then “Free File.” If you’re eligible, you can use Free File to file your extension.
3. Follow the prompts to enter your Social Security number, filing status, and estimated tax liability.
4. Print out the confirmation page for your records.
By Mail
1. Download and print Form 4868 from the IRS website.
2. Fill out the form with your name, Social Security number, filing status, and estimated tax liability.
3. Mail the completed form to the IRS center for your state. You can find the correct mailing address on the form.
4. Make sure to mail the form by the April 15th deadline to ensure your extension is granted.
Payment of Taxes
As mentioned earlier, you must estimate and pay any taxes you owe by the original filing deadline to avoid penalties and interest. Here are a few options for making a payment:
Online Payment
1. Visit the IRS website and click on “Pay Taxes.” You can make a payment using a credit card, debit card, or electronic funds withdrawal.
2. Follow the prompts to enter your payment information and submit your payment.
By Phone
1. Call the IRS at 1-888-272-9829 to make a payment using a credit card, debit card, or electronic funds withdrawal.
2. Have your payment information and Social Security number ready.
By Mail
1. Write “Payment for IRS Extension” on your check or money order.
2. Make the check or money order payable to the “United States Treasury.” Include your Social Security number and filing status on the memo line.
3. Mail the payment to the IRS center for your state.
Keep Records
It’s crucial to keep records of your extension request and payment. This will help you avoid any issues with the IRS and ensure you’re in compliance with tax laws.
Common Questions
Here are some common questions about filing for an extension with the IRS:
