I have a question about the need to file extension. Should I request a tax filing extension — I’m not sure I’ll finish my return before the deadline.
Yes, to avoid missing tax deadline, you can file extension by April 15, 2019. If you’d owe taxes on your regular return, you should submit a payment with your Form 4868 extension. The payment should be a reasonable estimate of the amount you owe.
If you file an extension without a payment of taxes owed, both of these will apply:
- You won’t be subject to the failure to file penalty.
- The IRS will begin to charge interest on the amount owed.
It is only necessary to request extension if you owe tax. If you’re due a refund, you have three years to file and there’s no need to extend the deadline.
If you sold stock, bonds or other securities through a broker or had a barter exchange transaction, you will likely receive a Form 1099-B. Learn more from H&R Block.
If you receive a Form W-2G for gambling winnings, you must report the full amount of income shown on the W-2G on your tax return. Learn more from H&R Block.
Think it's too late to make a difference on this year's tax return? Think again! Learn how to maximize tax deductions and increase your refund with H&R Block.
Do you need a filing extension from the IRS? Learn how to file IRS extension Form 4868 and get tax answers from H&R Block.