April 18th, 2023 is the deadline for personal income tax extension form 4868.
Hello taxpayers! The tax filing season is upon us, and so we have to pay and submit the tax reports to the IRS before the deadline to avoid penalties and interests. IRS is stringent on tax payments and associated tax reports. It is best to pay your tax dues and file your tax returns within the deadlines, or else you can apply for a tax extension to get additional time to file your personal income tax reports to the IRS.
Form 4868 — Personal Income Tax Application Form.
Form 4868 is the personal income tax extension form that every individual income taxpayer should apply for tax extension time to file their tax reports to the IRS. This extension form is applicable for the parent personal income tax form 1040 and its associated forms like Form 1040-SR, Form 1040-NR, Form 1040-NR-EZ, Form 1040-PR, and Form 1040-SS.
People who file their individual income tax returns using the forms mentioned above should apply for a tax extension using form 4868 to get the tax extension time from the IRS.
Automatic Six Months Tax Extension Time.
Filing form 4868 will get an automatic six-month tax extension time from the IRS to file your personal income tax reports with all the supporting documents. The IRS tends to charge hefty amounts of penalties and interest from the people who have failed to pay and report their taxes on time. It is highly advisable to file for form 4868 personal income tax extension to stay away from IRS audits and penalties. You will have an additional six-month time to get your tax reports in order and file them perfectly without any hassle. IRS doesn’t ask any reasons for your personal income tax extension application. You can simply fill the form 4868 within the deadline and enjoy the automatic six-month tax extension time.
The deadline is April 18th, 2023.
The deadline to file for Form 4868 individual income tax extension is April 18th, 2023, and it’s almost nearby. You need to file your Form 4868 on or before this deadline to get the automatic six-month extension time from the IRS. Therefore, your extended deadline would be October 17th, 2023, to file your personal income tax reports for the previous tax year.
Tax payments.
But the extension time is not applicable for tax payments. You need to pay your individual income tax for the previous year while filing your original tax form to the IRS. The extension time is only for submitting your income tax reports to the IRS after completing all the accounting and auditing processes along with all the supporting documents and proofs. You need to pay at least 90% of the tax due amount in your original form, and you can pay or report the balance personal income tax payment with form 4868.
E-file form 4868 at TaxGarden.com!
IRS will be busy and crowded during the tax season. Due to the ongoing pandemic situation, the IRS encourages the taxpayers to file their taxes online through the IRS-approved e-filing service partners. And TaxGarden.com is one of the best tax extension e-filing service providers approved by the IRS. Your days of paper filing for your tax extensions are now over. You can e-file your personal income tax extension form 4868 easily at TaxGarden.com from the comfort of your home. E-filing form 4868 personal income tax is simple, effective, and economical at TaxGarden.com. Also, you can call our customer support desk at +1–855–615–1040 (toll-free) to know more details about e-filing form 4868 online at TaxGarden.com!
Originally published at https://blog.taxgarden.com on March 23, 2023.
