6 Days Left Until Tax Filing Deadline!
With such little time before the deadline, people are trying to figure out what they can still do, what resources are available, and how to go about the process of filing for an extension. Hopefully, the following will be able to help you out.
How do I know if I should I file for an extension?
What an extension does is provide adequate time to file a return. Extensions do not allow for an extension for payment on taxes due. Typically with an extension, you are required to pay tax estimation in advance.
How do I get an extension to file my tax return?
You should file a Form 4868, and this will give you an extension. The extension is good for 6 months. Keep in mind that this is only an extension for time. It’s not going to eliminate any late-filing fines and any taxes you’re indebted will still need to be included.
What if there was something wrong on a W-2 and you are still awaiting a correct one?
There are a couple of choices for you. You can pay the amount that is due and send an amended return, or file for an extension, and explain that the extension was due to the incorrect W-2 form you had received.