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Showing posts from January, 2021

How to Complete Form 4868 Tax Extension: A step-by-step Instruction (2021)

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Nearing the annual income tax return submission, every individual in the U.S must be aware of filing Form 1040 within April 15, 2021, to avoid unwanted late filing IRS penalties. But if you are stuck with some reasonable cause and are looking for an extension to file the 1040 form with the IRS and save yourself from huge penalties. In that case, you can use Form 4868 , Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, and get an automatic extension period of 6 months.  Here are the step-by-step Form 4868 instructions to complete and file it with the IRS for the extension. But, before deep-diving into the instructions to complete Form 4868, if you are a first-time filer, you must know: What is Form 4868 When to file Form 4868 How to file Form 4868  Form 4868 Form 4868 is an application for a U.S. citizen or resident to request an automatic extension of time to file a U.S. individual income tax return.  Form 4868 can be applied to the ...

6 Important Things Individuals Must Know About Form 4868

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  Held up with other stuff and forgot to prepare your 1040 tax return? Looking for an extension of time to file your tax return to avoid a penalty, then you are at the right place. This article provides information to individuals on how to get an extension of time to file a tax return through form 4868. Purpose of Form 4868 The IRS Form 4868 is the IRS tax extension form created especially for 1040 individual income tax returns. This includes the following forms: Form 1040 Form 1040A Form 1040-EZ Form 1040NR-EZ Form 1040-PR Form 1040-SS By filing the tax form 4868 , you can get an automatic extension of time upto 6 months to file your 1040 tax return.  Remember: You must file your extension request before the regular due date of your return. The IRS doesn’t require any explanation or justification from you while seeking additional time to file your tax return.  When to file  You must File Form 4868 ( Personal Tax Extension) by April 15, 2021 (regular due date...