There are times when you cannot file your tax return before the deadline and need some more time to file. In such a scenario, requesting an IRS income tax extension through Form 4868 is an ideal solution that can get you up to 6 months to file your taxes. The procedure to file an extension is simple; you can submit your application online or hire an IRS lawyer to handle the case. Requests for extension are automatically granted and there are no qualifications to meet. However, a tax extension does not make any changes to the tax payment deadline, which is generally April 17th. An extension only gives taxpayers more time to file their returns.
Situations Warranting Tax-Filing Extension
Most taxpayers are unable to pay taxes on time due to various reasons that include unforeseen life events that are beyond their control. These include illness, death of a family member, natural calamity, and other such scenarios. That is when the tax attorneys at The Law Offices of Nick Nemeth step in and help taxpayers find their way out of the trouble against the IRS.
Penalties for Late Payment
No matter when taxpayers file their tax return, if they do not pay the tax owed by the standard deadline, they can attract IRS penalties and may also be required to pay a certain interest to the IRS. Even if you are unable to pay taxes, filing a return is a must, as the penalties for failure to file are much severer than failure to pay taxes.
Need Professional Help with an IRS Extension?
If you need any assistance with federal income tax extensions or any other IR tax-related issue, feel free to get in touch with one of our IRS tax attorneys at The Law Offices of Nick Nemeth. To schedule a free, no-obligation consultation, simply call (972) 627-4580, or fill out our contact form and we will take it from there.