Form 4868

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return

Need extra time to prepare and file Personnel Federal Income Tax returns, then e-file Form 4868 through www.ExtensionTax.com and get easy 6-months extension. It’s Convenient, Safe, and Secure. Get an automatic extension of time to file your personnel income tax return in 3 easy and simple steps. You will receive an electronic acknowledgment once you complete your extension tax return. You can also subscribe for a “TEXT Alert”, a premier feature from www.ExtensionTax.com to keep you updated on the status. No more guessing game!!!

If you think you may owe tax when you file your extension, you need to estimate your total tax liability and subtract how much you have already paid and use any of the available methods to pay your tax dues and avail a tax extension to file your tax return after due date.

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Purpose of the Form:

Use Form 4868 to apply for 6 more months (4 if “out of the country” (defined on page 2) and a U.S. citizen or resident) to file Form 1040, 1040A, 1040EZ, 1040NR, 1040NR-EZ, 1040-PR, or 1040-SS.

When to File the Form:

File Form 4868 by April 18, 2011. Fiscal year taxpayers, file Form 4868 by the regular due date of the return.

Taxpayers who are out of the country. If, on the regular due date of your return, you are out of the country and a U.S. citizen or resident, you are allowed 2 extra months to file your return and pay any amount due without requesting an extension. For a calendar year return, this is June 15, 2011. File this form and be sure to check the box on line 8 if you need an additional 4 months to file your return.

If you are out of the country and a U.S. citizen or resident, you may qualify for special tax treatment if you meet the foreign residence or physical presence tests. If you do not expect to meet either of those tests by the due date of your return, request an extension to a date after you expect to qualify using Form 2350, Application for Extension of Time To File U.S. Income Tax Return.

You are out of the country if:

  • You live outside the United States and Puerto Rico and your main place of work is outside the United States and Puerto Rico, or
  • You are in military or naval service outside the United States and Puerto Rico.

If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States or Puerto Rico on the regular due date of the return.

For more information on extensions for taxpayers out of the country, see Pub. 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad.

Form 1040NR or 1040NR-EZ filers. If you cannot file your return by the due date, you should file Form 4868. You must file Form 4868 by the regular due date of the return.

Check the box on line 9, if you did not receive wages as an employee subject to U.S income tax withholding and your return is due June15,2011

Total Time Allowed: Generally, we cannot extend the due date of your return for more than 6 months (October 17, 2011, for most calendar year taxpayers). However, there may be an exception if you are living out of the country.

Late Payment Penalty

The late payment penalty is usually ½ of 1% of any tax (other than estimated tax) not paid by April 18, 2011. It is charged for each month or part of a month the tax is unpaid. The maximum penalty is 25%.

The late payment penalty will not be charged if you can show reasonable cause for not paying on time. Attach a statement to your return fully explaining the reason. Do not attach the statement to Form 4868.

You are considered to have reasonable cause for the period covered by this automatic extension if at least 90% of your actual 2010 tax liability is paid before the regular due date of your return through withholding, estimated tax payments, or payments made with Form 4868.

Late Filing Penalty

A late filing penalty is usually charged if your return is filed after the due date (including extensions). The penalty is usually 5% of the amount due for each month or part of a month your return is late. The maximum penalty is 25%. If your return is more than 60 days late, the minimum penalty is $135 or the balance of the tax due on your return, whichever is smaller. You might not owe the penalty if you have a reasonable explanation for filing late. Attach a statement to your return fully explaining the reason. Do not attach the statement to Form 4868.

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