The deadline for taxpayers to file their 2011 U.S. Income Tax returns and pay any tax due is Tuesday, April 17, 2012. But what if a taxpayer needs additional time to file their income taxes?
The Internal Revenue says there are three ways you can request an automatic extension of time to file a U.S. individual income tax return: (1) you can electronically file I.R.S. Form 4868, Application For Automatic Extension of Time To File U.S. Individual Tax Return; (2) you can pay all or part of your estimate of income tax due using a credit or debit card; or (3) you can file a paper Form 4868 by mail.
If you file your Form 4868 electronically you will receive an acknowledgement or confirmation number from the I.R.S. for your records and you do not need to mail in Form 4868. If you need to pay additional taxes when filing Form 4868 electronically, you may do so through an outside service provider or through e-file.
You can refer to your tax software or tax professional for ways to file electronically using e-file services. Several companies offer free filing of Form 4868 through the Free File program that you can access on the IRS.gov website. If you wish to file electronically, the I.R.S. says to be sure to have a copy of last year’s tax return. You will be asked to provide the Adjusted Gross Income from the return for taxpayer verification.
A second way of requesting an automatic extension of time to file your individual income tax return is to pay part or all of your estimate of income tax due by credit card or debit card. You may pay by phone or internet through one of the service providers listed on I.R.S. Form 4868. Each service provider will charge a convenience fee based on the amount of the tax payment. At the completion of the transaction, you will receive a confirmation number for your records.
Finally, you can request an automatic extension of time to file your individual income tax return by completing a paper Form 4868 and mailing it to the appropriate address provided on the Form.
The I.R.S. cautions taxpayers to please be aware that an extension of time to file is NOT an extension of time to pay.