File for a tax extension, the Tax day is July 15th
From April 15th to July 15th, IRS pushed the due date to federal income taxes due to upheaval brought because of COVID-19 where it must have become a sigh of relief for taxpayers. Depending on our living locations, many of us were dealing with the multiple things such as product shortages, sudden isolation, layoffs where we all were trying to figure out the situation for coping with the new normal.
Then, time passed and now suddenly July 15th is here. Well, if you are the one who still hasn’t filed your taxes, you must think about what you do. The important thing is you must not be panic. You have still a chance to file for an extension where it won’t take a long time.
You can file for an extension easily If you’re an individual who has not file tax. You can fill out Form 4868 using the IRS’s Free File program which is free for each of us matter what’s the income level. Few things you must keep in mind are below;
- Once you reach on the page on the IRS site that is offering the Free File expansions, you’ll be seeing multiple choices of services. It may be justified, despite all the trouble to take a look at all of them, since they handle forms separately and in a different way to make you feel more comfortable with one specific service.
- You may likewise need to record a state expansion structure. A portion of the services in the IRS Free File program needs to deal with that too; if not, then you find out by checking with the state charge position.
- The filing tax will have October 15th date to file after you file an extension.If you owe taxes, then pay them through the Electronic Federal Tax Payment System (EFTPS), Direct Pay, or a credit or debit card, then you won’t need to file a separate form where you can indicate the payment details.