Tax deadline this year is fast approaching. But for those of you still to make inroads on your tax return, no need to panic. You can avoid late filing penalties by filing an income tax extension (Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) with the IRS by April 18 which will give you another six months to complete your return (by October 17). Note however, that you’ll still have to pay taxes due by April 18, or you’ll be liable to penalties and interest.
One of the easiest ways to file your extension is with FileLater, the online tax extension filing service. FileLater is an authorized, IRS e-file provider and it can take you just a few moments to complete the process.
Here’s how their service works:
1) Quickly answer a few simple taxpayer questions and FileLater automatically fills out your form.
2) Decide if you’ll make a tax payment with your extension – FileLater provides tax calculators to help you estimate what you owe. You can make a payment from your bank account, using direct debit.
3) FileLater immediately e-files your extension.
4) Log in to the interface to see the progress of your tax extension – status updated daily.
5) You’ll receive a confirmation email when your extension is approved.
In the unlikely event of your extension being denied, FileLater will advise as to the reason and you can make changes and re-submit free of charge. As well as the personal tax extension service ($19.95), FileLater also offers a business tax extension service ($29.95). FileLater ensures your confidential details remain private with multiple layers of security. Email, phone and live chat support is also provided.
Take advantage of their special offer on now – save up to 20%.
By the way, you should know that you’re not alone – up to 10% of taxpayers will be seeking an extension this year. Check out FileLater’s fun Tax Extension Map.