Are you struggling to get your taxes done by the deadline? You can electronically file a tax extension (Form 4868) and problem solved. Form 4868 is an application for automatic extension of time to file a U.S. Income Tax Return.
Filing a tax extension will extend your deadline to file a tax return to October 15, 2009. That gives you six more months to worry about filing. Basically, all you are doing is asking the IRS for more time to file your taxes. However, the IRS still wants their money if you owe. So to avoid any penalties and interest it is best to file form 4868 with the IRS before or on April 15.
Extend your IRS income tax deadline by using Form 4868, which extends the filing deadline to October 15 for forms 1040, 1040A, or 1040EZ. You can use form 4868 if you are an Individual, Sole Proprietorships (Schedule C) or a Single Member LLCs.
The IRS due date for a personal tax extension is April 15 and if you electronically file a tax extension the IRS will accept corrections through midnight EDT on April 20. If your extension is rejected for any reason, you can correct and resubmit for no extra charge using a company like FileLater.
eFile form 4868 and you will not only give yourself more time to file your income taxes but you will also avoid the late filing penalty. If you use an online company to file your tax extension you will receive the comfort in knowing your extension was receive by the IRS. Most online companies will let you know within a few hours if you were accepted or rejected. If you were rejected you will have time to correct any mistakes and re-file.
So try not to worry and efile form 4868 with the IRS and give yourself peace of mind that you have more time.