I need to request extension for my tax liability. When I file extension using Form 4868, do I have to pay my entire tax extension balance due in full?
If you owe taxes and don’t pay the tax due by the April 15, 2020, you’ll owe interest. If you owe tax, you might also be charged underpayment penalties.
When you eventually file your return, be sure to show any payment you paid with the extension. You’ll receive a refund for any tax you overpaid.
Related Resources
Find out if you are eligible to claim the new credit for other dependents (formally called family tax credit) from the experts at H&R Block.
Learn more about IRS Form 4684 with detailed instructions from the tax experts at H&R Block. Find out if you qualify for a theft or casualty loss deduction.
If the IRS has rejected your amended return, let the experts at H&R Block walk you through the steps for handling a denied amended return.
Get the facts from H&R Block about what creates an IRS tax debt, the consequences of tax debt, and the options you may have when you can't pay your taxes.
