TAX EXTENSION

Your tax payment is due on the actual tax deadline, which typically falls on April 15 or on the next business day if it falls on a weekend or holiday. If you’re unable to complete your tax return and there’s only a few days left until the April deadline, we recommend you file an extension. NOTE: an extension is a means to estimate and pay the taxes you owe on time (by the April deadline) while giving you more time to finish the paperwork of filing your tax return. If you don’t pay at least 90% of the amount you owe, you might also be subject to a late payment penalty. The penalty is usually half of 1% of the amount owed for each month, up to a maximum of 25%. If you don’t file either your return or Form 4868 by the tax filing deadline, you’ll be subject to a late filing penalty. The penalty is usually 5% of the amount you owe for each month, up to a maximum of 25%.

Generally no, although the IRS does sometimes extend the deadline for paying taxes to those in disaster areas. Go to www.irs.gov for more info.

Your tax payment is due on the tax deadline, which typically falls on April 15 or on the next business day if it falls on a weekend or holiday. If you’re unable to complete your tax return and there’s only a few days left until the April deadline, we recommend you file an extension. An extension is a means to estimate and pay the taxes you owe on time (by the April deadline) while giving you more time to finish the paperwork of filing your tax return. If you don’t pay at least 90% of the amount you owe, you might also be subject to a late payment penalty. The penalty is usually half of 1% of the amount owed for each month, up to a maximum of 25%. If you don’t file either your return or Form 4868 by the tax filing deadline, you’ll be subject to a late filing penalty. The penalty is usually 5% of the amount you owe for each month, up to a maximum of 25%.

Tax extensions are due by Tax Day (mid-April) for the current tax year. After that date, the IRS will no longer accept extension requests for that tax year or back taxes. We recommend you file your return as soon as possible to avoid potential penalties or interest.

The date for filing a return after an extension is generally October 15 or the next business day if the 15th falls on a weekend.

If the automatic six-month extension is still not enough time for you to file, you can request a second extension from the IRS, but you’ll need to include a letter explaining why you’re in need of an additional tax extension. Letters must be sent to the address found on Form 4868 under the heading “Where to File.” If the IRS doesn’t first receive Form 4868, it will only approve a second extension request in cases of undue hardship. If your extension request is denied, you’ll still have to file your return, which is why we recommend submitting your request early to allow yourself enough time to do so.

Most states don’t require you to file separate state extension forms if you don’t owe any additional taxes. When you file your state return, you only need to attach a copy of your federal extension form. We can determine if more forms are needed when filing your extension online or in an H&R Block office.

If you have a refund coming from the IRS, there’s no penalty for failing to file your tax return by the deadline, even if you don’t ask for an extension. However, this might not apply for your state taxes.

The IRS will process your authorized payment within a two-day period. You have until mid-October to file your taxes. When you complete your return, you should include the amount you’ve already paid with your extension in the payments section of your Form 1040. When you’re ready to file your taxes, we can help at one of our offices or you can file them online.

Yes, it’s the last day you can file an extension.