Nationwide Tax Consulting | How to File an Extension?
Emergencies happen to anyone, and sometimes you are not in the situation to file your taxes and filing an extension at such time is a good idea to get time from IRS to clear your taxes to avoid late filing or late paying penalties. IRS doesn't care, if you have lost a document, had a medical emergency or whatever the reason is, you will get six months to pay your taxes.
Process of filing an extension is straight forward, but it's better to do through a professional or a company such as Nationwide Tax Consulting to avoid refusal or get things done in the right way.
How to File: You can e-file extension using a free file software or a better option is to file with the help of a professional. You can also print out Form 4868 and send it to the IRS address for your state by the deadline. Denial is possible, so it's better to get this done from the help of a professional.
Tax Refund: If you expect a refund, you won't get it until after you file your tax returns and the IRS processes that return.
You Still Need to Pay IRS: Even if you file extension, you still have to 90% of the owed tax amount to IRS by the deadline. If you pay less than 90% of the owed amount, you will have to pay 0.5% interest on the pending amount until you pay.
State Extension: Every state has its own rules for taxes and its better to consult a nationwide tax consulting company for an appropriate process for filing taxes.
Living Abroad: If you are living abroad, you automatically get 2 extra months from deadline to file and pay your taxes. Military members who serve outside the U.S. are also qualified for an additional two months without filing an IRS extension request. When you file taxes, mention why you are qualified for a later deadline
Process of filing an extension is straight forward, but it's better to do through a professional or a company such as Nationwide Tax Consulting to avoid refusal or get things done in the right way.
How to File: You can e-file extension using a free file software or a better option is to file with the help of a professional. You can also print out Form 4868 and send it to the IRS address for your state by the deadline. Denial is possible, so it's better to get this done from the help of a professional.
Tax Refund: If you expect a refund, you won't get it until after you file your tax returns and the IRS processes that return.
You Still Need to Pay IRS: Even if you file extension, you still have to 90% of the owed tax amount to IRS by the deadline. If you pay less than 90% of the owed amount, you will have to pay 0.5% interest on the pending amount until you pay.
State Extension: Every state has its own rules for taxes and its better to consult a nationwide tax consulting company for an appropriate process for filing taxes.
Living Abroad: If you are living abroad, you automatically get 2 extra months from deadline to file and pay your taxes. Military members who serve outside the U.S. are also qualified for an additional two months without filing an IRS extension request. When you file taxes, mention why you are qualified for a later deadline
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