Tax Form 4868 ….If you are behind on your tax return, an automatic extension may be the way to go

For those that have found they may be behind in their tax filings, next Monday the 15th is regular personal filing deadline, Form 4868 may be your friend.

Form 4868 gives tax filers an extension to October 15th…..a full six month reprieve.

Items to remember when you file Form 4868

• Filing form 4868 is automatic and will not be declined by the IRS
• If you owe taxes, penalties may accrue
• Filing a payment with your extension is a good idea if you think you may owe additional taxes
• Just because your extension is six months does not mean you HAVE to wait until October (keeping your feet moving on your taxes may help you from having another last minute decision)

Have a great day!

John Kvale