What if I can’t file my return on time?

A taxpayer filing Form 1040 receives an automatic six-month extension of time to file using Form 4868. It is important to note, that an extension of time to file is not an extension of time to pay. A reasonable estimate of tax liability must be entered on Form 4868. If the tax is understated, the IRS can invalidate the extension.

An extension of time to file eliminates the late filing penalty. Interest will be due on any unpaid balance from the original due date to when the balance is paid. Please contact us if you should need help estimating the balance due for your extension.