![]() ![]() If there’s no way that you can pay what you owe, file the return and pay as much as you can. If your return shows a balance due, file and pay the amount due in full by the due date, if possible. One of the biggest mistakes you can make is not filing your return because you owe money. ![]() In fact, if the IRS believes that your estimate is not reasonable, it may void your extension. If you don’t pay the amount you’ve estimated, you may owe interest and penalties. You can also file for an extension electronically – Form 4868 includes instructions on how to do so.īut remember: Filing for an automatic extension does not provide any additional time to pay your taxes! When you file for an extension, you must estimate the amount of tax you will owe and pay this amount by the April due date. 16, 2017) to file your federal income tax return. Filing this form will give you an additional six months (until Oct. Individual Income Tax Return, if you don’t think you can file your federal income tax return by the due date. File for an extension, using IRS Form 4868, Application for Automatic Extension of Time to File U.S.Unlike last year, there’s no extra time for residents of Massachusetts or Maine to file because Patriots’ Day (a holiday in those two states) falls on April 17, the same day as Emancipation Day. That’s because April 15 falls on a Saturday, and Emancipation Day, a legal holiday in Washington, D.C., is celebrated on Monday, April 17. The filing deadline for most individuals is Tuesday, April 18, 2017. Here are some tips that can save you time and money: You’ll need these records whether you’re preparing your own return or paying someone to do your taxes for you. If you haven’t done so already, you’ll want to start pulling things together, including a copy of last year’s tax return, W-2s, 1099s and deduction records. ![]()
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