IRS Form 4868

AAA

DEFINITION of 'IRS Form 4868'

An IRS form that must be submitted by individuals who wish to extend the amount of time they have to file their tax returns. IRS Form 4868 should be completed with the individual or married couple's name(s), address, Social Security number(s), estimate of total tax liability for the year, total payments already made, remaining amount due (if any) and amount being paid (if any).

Also known as the Application of Automatic Extension of Time to File U.S. Individual Tax Return.

INVESTOPEDIA EXPLAINS 'IRS Form 4868'

This form extends the due date for filing a tax return by six months and must be filed by the regular due date of your return (which is April 15 for most taxpayers). IRS Form 4868 does not extend the amount of time the taxpayer has to pay his or her full tax liability for the year; it only extends the amount of time allowed to file the tax return paperwork. The remaining amount due (if any) must be submitted with the form.

RELATED TERMS
  1. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  2. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  3. Taxable Income

    The amount of income that is used to calculate an individual's ...
  4. Tax Liability

    The total amount of tax that an entity is legally obligated to ...
  5. Tax Return

    1. The tax form or forms used to file income taxes with the Internal ...
  6. Social Security Number - SSN

    A nine-digit number assigned to citizens, some temporary residents ...
Related Articles
  1. 10 Steps To Tax Preparation
    Taxes

    10 Steps To Tax Preparation

  2. Surviving The IRS Audit
    Taxes

    Surviving The IRS Audit

  3. Should You File An Early Tax Return?
    Taxes

    Should You File An Early Tax Return?

  4. Get A 6-Month Tax Extension
    Taxes

    Get A 6-Month Tax Extension

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center