An extension of time to file your return does not give you more regular time to pay your taxes, without having to pay additional penalties or fees.
The exception is given if you filed your return on time and due to some problem or error the Internal Revenue Service (IRS) rejected your filing. In this case the IRS will not impose surcharges.
Each year you should estimate and pay your taxes owed by the regular due date to avoid possible penalties and interest payments.
Taxpayers in certain disaster areas They do not need to file an extension electronically or on paper. If you qualify for this situation, you should consult the official IRS website (IRS.gov) and the expiration date established for these cases.
The Free File page
Individual taxpayers, regardless of income, can use Free File from the IRS to electronically request an automatic extension of time to file taxes.
By submitting this request through the IRS Free File page and using form 4868 (SP), the entity gives you a maximum extension period until October 15 to file the return. If that day falls on a weekend or is a legal holiday, the due date is pushed back to the next business day. You will be considered to have filed your return on time if the envelope is mailed, sealed, and placed in the mail before the due date.
According to the IRS, to get the extension, you must estimate your tax liability on this application and you must also pay some or all of the amount owed. You must indicate that the payment being made is for an extension.
You can make a same-day payment using online account services or you can schedule a deposit with Direct payment using the Electronic Federal Tax Payment System (EFTPS) or with debit or credit card.
The forms
If the flag is selected when making your payment, you will not need to submit a separate extension form and will receive a confirmation number for your records.
The IRS has specific rules if the filer serving in a combat zone or a qualified high-risk area or living outside the United States.
In the case of businesses and corporations, the form to fill out is 7004 for an extension of time on your business or business income.
There are also other extension schemes contemplated by the IRS, among which are 2350 (SP) on individual income, 4768 on estates and transfers; 5558 regarding employee plans and 8868 in the case of a tax-exempt organization.
