Help for Requesting a Tax Filing Extension

No matter how well we plan, sometimes we find ourselves unable to file our taxes on time. If you find yourself in this situation, have no fear, help is available. You can get an automatic extension of six months by filing Form 4868. This form is available at irs.gov/form4868.

It is important to note that this is an extension of time to file, not time to pay. You are still expected to make an estimated payment of the amount you expect to owe. You may send in payment by mail or, better yet, you can make a payment at irs.gov/payments. If you mark your payment online as an extension payment, you don’t even have to fill out the form.

In the event that you are unable to pay what you owe, pay whatever you are able and file anyway. This will reduce any penalty and interest you might have to pay later. In addition, the IRS offers several different payment options as they are always willing to work with you if you speak up and ask for help.

Some tax payers don’t even need to ask for an extension. Tax payers abroad, certain members of the military, and people affected by certain natural disasters automatically get extensions to file their taxes.

So in summary, if the need arises, an extension to file your taxes is just a form away. If you need help paying your taxes, just ask for help. The IRS may be strict, but they aren’t inflexible and are always willing to work with you if you reach out for assistance.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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