Filing Extension

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Dictionary Says

Definition of 'Filing Extension'

An exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date. Individual taxpayers can complete IRS Form 4868 for an automatic six-month extension. However, the extension of time to file does not provide a corresponding extension for payment of taxes owed.
Investopedia Says

Investopedia explains 'Filing Extension'

The filing extension for individuals was increased from four to six months under recent legislation. Taxpayers who cannot pay their taxes will not only gain nothing by filing an extension, they will also pay a much greater penalty than those who file and cannot pay. The failure-to-file penalty is usually 5% of the total amount owed per month, while the failure-to-pay penalty is only 0.5% of the amount owed per month.
Search results for

'Filing Extension'

  • Get A 6-Month Tax Extension

    http://www.investopedia.com/articles/pf/07/taxextension.asp
    ... Additional Incentive for Self-Employed Individuals Self-employed individuals
    might benefit from filing for an extension as well. ...

  • Top 9 Solutions To An Unexpected Tax Bill

    http://www.investopedia.com/articles/tax/08/unespected-tax-bill.asp
    ... Remember that while you can request a filing extension using Form 4868 Automatic
    Extension of Time To File US Individual Tax Return, the extension only ...

  • Personal Income Tax Guide: Common Filing Mistakes | Investopedia

    http://www.investopedia.com/university/personal-income-tax-guide/tax-guide6.asp
    ... With regards to your Federal return, filing an application for automatic extension
    (via Form 4868) by April 15 gives you an additional six months (until ...

  • 6 Tax Myths Everyone Should Know Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-tax-myths/electronic-filing.aspx
    ... The top bracket in Sweden is almost 60%. Myth 4: Extensions Cause Audits. Myth
    4: Filing for an extension increases your chance of an audit. ...

  • 6 Tax Myths Everyone Should Know Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-tax-myths/voluntary-filing.aspx
    ... The top bracket in Sweden is almost 60%. Myth 4: Extensions Cause Audits. Myth
    4: Filing for an extension increases your chance of an audit. ...

  • Roth IRAs: Contributions | Investopedia

    http://www.investopedia.com/university/retirementplans/rothira/rothira2.asp
    ... If, however, the individual either files a tax return by the tax-filing deadline
    or applies for a tax-filing extension by the tax-filing deadline, the deadline ...

  • Simple Last-Minute Tax Tips

    http://www.investopedia.com/articles/taxes/09/last-minute-tax-tips.asp
    ... You will still have to pay the amount you owe by April 15, but filing an extension
    can give you the extra time you need to finish the paperwork. ...

  • 6 Tax Myths Everyone Should Know Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-tax-myths
    ... The top bracket in Sweden is almost 60%. Myth 4: Extensions Cause Audits. Myth
    4: Filing for an extension increases your chance of an audit. ...

  • 6 Tax Myths Everyone Should Know - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1010/6-Tax-Myths-Everyone-Should-Know.aspx
    ... The top bracket in Sweden is almost 60%. Myth 4: Filing for an extension
    increases your chance of an audit. Most tax preparers say ...

  • 6 Tax Myths Everyone Should Know Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-tax-myths/high-taxes.aspx
    ... The top bracket in Sweden is almost 60%. Myth 4: Extensions Cause Audits. Myth
    4: Filing for an extension increases your chance of an audit. ...

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