Federal Extension

A Federal extension, also known as an extension of time to file, is a provision offered by the Internal Revenue Service (IRS) in the United States that allows taxpayers additional time beyond the regular filing deadline to submit their federal income tax return.

The regular tax filing deadline for most individuals is typically April 15th each year. However, if you’re unable to file your return by this deadline, you can request a Federal extension to extend the due date.

It’s important to note that while an extension grants you additional time to file your return, it does not extend the deadline for paying any taxes owed. You are still required to estimate and pay any taxes owed by the original deadline (April 15th) to avoid penalties and interest charges. Failure to pay taxes owed by the original deadline may result in penalties and interest accruing on the outstanding balance.

To request a Federal extension, you typically need to file IRS Form 4868, “Application for Automatic Extension of Time To File U.S. Individual Income Tax Return,” by the original filing deadline (April 15th). This form can be filed electronically or by mail.

Keep in mind that the rules and procedures regarding Federal extensions may change, so it’s essential to check the most current information and guidelines provided by the IRS or consult with a tax professional for personalized advice. Feel free to reach out to us for assistance.