Things about Getting More Time to File your Tax Return

If you can't meet the April deadline to file your tax return, you can get an automatic six month tax extension of time to file from the IRS.

Here are some things you need to know about filing Tax Extension 2010:

1. Extra time to file an extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the April 15 deadline, plus a late payment penalty if you have not paid at least 90 percent of your total tax by that date.

2. File on time even if you can’t pay if your return is completed but you are unable to pay the full amount of tax due, does not request an income tax extension 2010. File your return on time and pay as much as you can. The IRS will send you a bill or notice for the balance due. To apply online for a payment agreement, go to IRS.gov and click “Online Payment Agreement Application” at the left side of the home page under Online Services.

3. Form to file Request an extension to file by submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return to the IRS by April 15, 2010, or make an extension-related electronic credit card payment. For more information about extension related credit card payments, see Form 4868.

4. E-file Tax Extension you can e-file an extension request using tax preparation software with your own computer or by going to a tax preparer that has the software. The IRS will acknowledge receipt of the extension request if you file by computer.

5. Traditional Free File and Free File Fillable Forms You can use both Free File options to file tax extension 2010.

6. Electronic funds withdrawal if you ask for an extension via computer, you can also choose to pay any expected balance due by authorize an electronic funds withdrawal from a checking or savings account. You will need the appropriate bank steering and account numbers.

7. How to get forms Form 4868 is available for download at IRS.gov. You can also obtain the form at your local IRS office. Telephone requests normally take 10 days to fill.

Source: IRS.GOV

Six Month Automatic Extensions Available for Most Taxpayers.

The new system provides smooth and basic procedures that are probable to save taxpayers between $73 million and $94 million, annually, by eliminating or consolidating several existing IRS forms. As a result, Beginning Jan. 1, most individuals and businesses will be able to request a full six-month tax-filing extension, without a reason or even a signature.

The new actions will replace the existing two-step process under which no corporate taxpayers could only get a six-month extension by first obtaining a tax extension, usually automatic, for part of that period and then requesting a discretionary tax extension for the remainder. A tax filing extension does not extend the tax-payment deadline.

"Some taxpayers need a full six months for irs tax extensions as the law provides. This change simplifies the process so they can make the request just once, not twice,” said IRS Commissioner Mark W. Everson.

Beginning with 2010 returns due in 2011, individuals will be able to use a single IRS form (Form 4868) to get an automatic six-month income tax extension of time to file. This will replace the existing two-step process under which an automatic 2010 tax extension was only allowed for four months, generally until Aug. 15. If more time was needed, a taxpayer had to explain why, using a second tax extension request form (Form 2688). About 6% of individual taxpayers request the initial four-month extension, and about a third of those go on to request a second extension, usually for two months until October 15. Form 2688 will be eliminated.

Income Tax Extension procedures will also be smooth for business taxpayers, thus eliminating three existing forms. Under existing procedures, only corporations can request an automatic six month tax filing extension. The new regulations will also make this option available to most no corporate business taxpayers, including partnerships and trusts.

Accordingly, starting Jan. 1, all eligible business taxpayers will use Form 7004 to request an automatic six-month extension of time to file. In the past, eligible noncorporate business taxpayers had to request an initial three-month extension and, if more time was needed, then request another three months.

Source: IRS.GOV

Online 2011 Tax Extension Form.

Need more time to prepare your federal tax return? This page provides information on how to apply for an extension of time to file.

Please be aware that a Tax Extension 2011 of time to file your return does not grant you any extension of time to pay your tax liability.

Extensions for Individuals

If you are not able to file your federal individual income tax return by the due date, you may be able to get an automatic 6-month extension of time to file. To do so, you must file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return by the due date for filing your calendar year return (usually April 18) or fiscal year return.

Special rules may apply if you are:

* living outside the United States.

* out of the country when your 6-month extension expires, or

* serving in a combat zone or a qualified hazardous duty area.

You can also go to Filing Information in Publication 17, Your Federal Income Tax, for more information regarding the rules for automatic extensions and filing federal individual income tax returns.

Extensions for Corporations, Partnerships, REMICs, and Certain Trusts.

* Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.

* Form 1138, Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback.

Other Extension Forms

* Form 2350 Application for Extension of Time to File U.S. Income Tax Return (For U.S. Citizens and Resident Aliens Abroad Who Expect To Qualify for Special Tax Treatment)

* Form 4768 Application for Extension of Time to File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.

* Form 5558 Application for Extension of Time to File Certain Employee Plan Returns.

* Form 8809 Application for Extension of Time to File Information Returns.

* Form 8868, Application for Extension of Time To File an Exempt Organization Return.

* Form 8892, Application for Automatic Extension of Time to File Form 709 and/or Payment of Gift/Generation-Skipping Transfer Tax.

File 2011 Tax Extension Form Online.

Though filing tax return is not difficult, most people miss the tax filing deadline. You do not have to worry about getting penalized for late filing. Now you can file IRS tax extension form online and extend the deadline from April 15th to October 15th. It is quite simple process and you can avoid the rush of April 15. Please note that you are getting extension for filing your return, you are not getting extra time for paying your due.

When you e-file your 2011 Tax Extension, you will have a considerable time for preparing and filing your return. You do not necessarily have to consult a tax professional. You can have enough time to collect necessary information and documents that may be helpful while you do filing task online. But you cannot afford to waste your time thinking that you are getting sic month your extra time. You need to start doing your task right away as soon as you send your online tax extension2010, otherwise, once you miss the opportunity then you will have tough time for requesting the other 6 month extension.

You will need to file IRS tax extension form 4868 for getting extension period. Suppose, even though you owe taxes and cannot pay, please note that the failure to pay penalty is only.5% per month, whereas the failure to file penalty is around 5% of the amount owed per month. If you choose to file income tax extension, you will get around that un-filed penalty until October 15th.

If you wish to get 2010 Tax Extension deadline or would like to extend your tax filing deadline, you need to send your documents online by April 15th. You can have supposed interest charges on your tax amount and for that do your best estimate of taxes you payable. One of the best things is to pay online which is easier, faster and safe.

Now filing 2011 Personal Tax Extension or Business Tax Extension has become easier and suitable because there are several companies offering this process for individuals and businesses for little fees. You can choose either IRS 7004 extension form or 4868 whichever is applicable. So, you can avail the benefits of getting extra time for filing your return online and be stress-free!

Tax Extensions of Time to File Your Tax Return

There are three choices for filing Form 4868 (PDF), Application For Automatic Extension of Time To File U.S. Individual Tax Return: 1) electronically (such as by computer), 2) by paying part of your tax due with a credit card through an outside service provider listed on the form, or 3) by mail. If you file your Form 4868 electronically you will receive an acknowledgement or confirmation number for your records and you do not need to mail in Form 4868. If you need to pay additional taxes when filing Form 4868 electronically, you may do so through the outside service provider or through e-file. If you were or are serving in a combat zone, a qualified hazardous duty area, or in a contingency operation, refer to Topic 301 for more information about extensions.

You can refer to your tax software or tax professional for ways to file electronically using e-file services. Several companies offer free filing of Form 4868 through the Free File program that you can access on the IRS.gov website. If you wish to file electronically, be sure to have a copy of last year's tax return. You will be asked to provide the Adjusted Gross Income from the return for taxpayer verification.

Besides filing electronically, you can generally get an extension of time to file if you pay part or all of your estimate of income tax due by credit card. You may pay by phone or Internet through one of the service providers listed on Form 4868. Each service provider will charge a convenience fee based on the amount of the tax payment. At the completion of the transaction, you will receive a confirmation number for your records.

In addition to filing Form 4868 electronically, or by paying part of your tax by credit card, you can file Form 4868 by filling out the form and mailing it to the appropriate address provided on the Form 4868.

Please be aware that Tax Extension 2010 of time to file is NOT an extension of time to pay.

Previous 2-Month Extension

If you are unable to file your return within the automatic 2-month extension period, you may be able to get an additional 4-month extension of time to file your return, for a total of 6 months. The automatic 2-month and the 6-month extension start at the same time. You do not have to request the 6-month extension until the new due date allowed by the first extension, but the total combined extension will still only be 6 months from the regular due date.

Time To Pay Not Extended

A 6-month income tax extension of time to file is not an extension of time to pay. You must make an accurate estimate of your tax and send any necessary payment with your Form 4868 or pay the tax due by credit card. If you find you cannot pay the full amount due with Form 4868, you can still get the extension. You will owe interest on the unpaid amount.

You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Interest and penalties are assessed (charged) from the original due date of your return.