How to Receive an Additional Tax Extension for Your Return
Standard Six-Month Tax Extension
Most taxpayers are familiar with the annual tax deadline, which typically occurs on April 15 (unless it falls on a weekend, holiday, or the date is changed by the IRS.) This year the tax due date for individual filers is May 17.
However, not as many taxpayers know how to extend the tax deadline. In most cases, getting additional time to file your return is a simple process.
You might qualify for an automatic extension of six months if:
- You’re a calendar year taxpayer, and
- You complete and submit Form 4868. You can do this through a DIY tax software or online tax filing product, with a paper form, or with help from a tax professional.
You can also get an extension on taxes by paying all or part of your estimated income tax due and indicate that the payment is for an extension using Direct Pay, an Electronic Federal Tax Payment System, or with a credit or debit card.
How Do I Get a Second Extension on Taxes Beyond Six Months?
If the automatic six-month extension is still not enough time for you to file, how many tax extensions can you file? You can request an additional extension of time to file taxes beyond the six-month period, but you cannot ask for multiple tax extensions. To do so, you’ll need to include a letter explaining why you’re in need of an additional tax extension. Mail your letter to the address found on Form 4868 under the heading “Where to File”.
If the IRS doesn’t receive Form 4868 first, it will approve your request for an additional tax extension only in cases of undue hardship. If the IRS doesn’t approve your request, you’ll still have to file your return. That said, it’s a smart idea to submit your request early to allow yourself enough time to do so.
Mike Slack from The Tax Institute offers insight on tax extension options based on three common situations. Read on!
Learn the IRS definition of IRS audits and get more insight from H&R Block about the three types of IRS audits and how to handle them.
Learn more about notice CP2006, why you received it, and how to handle the notice with help from the tax experts at H&R Block.
Get the facts from H&R Block about the IRS payment plan called a partial pay installment agreement, which considers your full financial picture.