Form 4868 is a tax form used by a taxpayer who is seeking an automatic extention of time to file their federal income taxes. This form is better known as an Application for Automatic Extension of Time to File US Individual Income Tax. It is important to note that while you'll be granted the extension, you still have to pay the owed taxes on that date as well.
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A Form 4868 is also known as an Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. It is used during the tax filing process and will be received by the Internal Revenue Service. Filing this form will give you an extension on the time you have to file your income tax return. This will be an extension for the filing of the tax return only – you will still need to pay your owed taxes by the due date.
To complete this form fully, you will need to include your identifying information. This includes your full name, address, and tax identification number or social security number. You will also need to have already calculated your owed taxes. This way, you can pay your taxes right away and not be penalized for a late payment.
To complete a Form 4868, you will need to provide the following information:
You should file Form 4868 by the original due date of your tax return.
Generally, your due date cannot be extended for more than 6 months. There may be an exception if you live out of the country.
You will continue to owe interest on any tax not paid by the regular due date of your return.
