How to file a tax extension
What do you do if you wake up tomorrow and you're not even close to being ready to file?Photo: Video by kgun9.com
Web Producer: Stephani Ruiz
TUCSON (KGUN9-TV) - This year, April 17 is your due date- at least when it comes to paying your taxes. But if you need more time, there's no need to panic.
The IRS will automatically grant anyone a six month extension, giving you until October to file your taxes. But you have to request your extension tomorrow at midnight.
It's actually pretty simple to do. Just log onto IRS.gov and search for Form 4868.
If you're less web friendly, you can do it the old fashioned way- complete and return a paper version to the address on the form.
But, as the saying goes, time is money. Especially when it comes to the IRS.
Remember, this is an extension of the time to file your return- not an extension of the time to pay.
If you suspect you owe, you need to send that amount in with your extension to avoid any interest, late fees or penalties. You can do that using your debit or credit card, or through e-file.