How to apply for the automatic extension of filing for income tax return

The last date for filing your income tax return for the financial year 2011-12 is 17th April, 2012. Usually, the normal deadline for filing your return is 15th April. This year that deadline has been extended by 2 days due to holidays. However, if you think that you will not be able to meet the deadline, then you can apply for the extension of the deadline for filing income tax return. You can extend the deadline by 6 months to 15th October and can avoid paying penalties for late filing. You can apply for automatic extension of the deadline by electronically filing Form 4868. This is a very convenient, safe and secure way of applying for the extension of filing IT return. As soon as you complete your transaction, you get an electronic acknowledgement. You should keep that record with yourself for further reference. Anyways, you can request an automatic extension of the deadline in three ways. These are listed below,

 

Pay through debit or credit cards or EFTPS

Options are there to you to get an extension of the term of the deadline if you part pay your taxes by using a credit card or a debit card. You can also see an extension of the deadline by part paying through using Electronic Federal Tax Payment System (EFTPS). Here it is to be noted that credit cards are the prime reasons behind personal debt crisis. If you are into debts, you must resort to appropriate debt reduction strategy.

 

E filing with the help a tax professional or through your PC

Options are there to you to file Form 4868 electronically. You can do so by accessing IRS e-file by using your home computer or by using a tax professional who uses e-file. In order to do this, you can refer to different tax software packages or tax preparer so as to file your personal tax returns. You should keep the 2010 tax return document safely. You will be asked to provide information on your previous year’s filing so verification purposes. You can make your payments through electronic funds withdrawal. Again, you can send your money order or check to the address given at the middle column under the category Where to File a Paper Form 4868.

 

File a paper Form 4868

You can also apply for the extension of the deadline on paper too. In other words, you would not have to apply for the extension of the deadline electronically. You need to just fill in the Form 4868 and send it to the appropriate authority.

 

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