As April 15 approaches, the rush for finishing tax returns heightens. But tax extensions, though not ideal, are available for those who can’t complete them in time, according to an article by Five Cent Nickel.
A six-month extension can be granted, but the money that is due still has to be paid by April 15. The return has to be completed so you know what you owe if you don’t want the risk of a late payment.
To request an extension, an IRS Form 4868 is used. Many tax prep softwares or professional tax preparers should be able to help as well.
For those who live in states without income tax, a state filing extension may need to be filled out as well. The new deadline for the return then becomes Oct. 15, 2013.
The most commonly asked questions regarding extensions are answered at File Later. Almost everyone qualifies for extensions. Returns that are rejected are usually only rejected because of wrong information.
- 25 cities that are winning at education
- 5 reasons your most talented employees will...
- 4 warning signs your teen is destined for bad...
- Child grooms of Nepal are married off as...
- Markets brace for Big Oil profit plunge
- How can Google snap its stock out of its stupor?
- Profiting as a Super Bowl host city...
- Germany: Talk of axing Greek debt 'divorced...
- Most K-12 students are now low income 10
- After setting iPhone record, what does... 5
- Want to save money in 2015?... 4
- US consumer confidence jumps to 7... 3
- Obama to seek to bust spending limits... 3
- 5 reasons your most talented employees... 3
- Want a one-of-a-kind name for your... 2
- Tess Frame: Five reasons you’re... 1