TIPS FOR LAST-MINUTE FILERS

I can’t file on time. What should I do?

File for a six-month extension if you can’t get your return prepared by the filing deadline, using Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.

If I file an extension, do I have to pay by the original deadline?

Yes. Your tax bill must be paid on time. So calculate a thorough estimate of the taxes you owe and, if you’re not sure it’s completely accurate, round up.

How do I pay the taxes I owe if I’m filing for an extension?

Tax bills can be paid electronically using IRS Direct Pay, which accepts a direct transfer from your bank, a credit card or a debit card.

What should I do if I’m having financial difficulties?

Be sure to file your return or extension by the due date, even if you don’t have the money to pay your taxes. You don’t want to add to your tax bill by triggering a failure to file penalty. You should also contact the IRS immediately regarding installment agreements and offers in compromise. Individuals who owe $50,000 or less can apply online on the IRS website for an Online Payment Agreement that establishes installment payments.

When will I get my refund if I file for an automatic extension?

If you are expecting a refund, you will not receive it until you have filed your tax return.