Form 4868

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1 Types

August 25, 2024 3 min read Definitions

Automatic Extension: Granting More Time for a Taxpayer to File a Tax Return

Taxes Government Regulations Accounting Tax Return IRS Filing Extension Form 4868 Form 7004 Tax Payment

An automatic extension allows a taxpayer more time to file a tax return by filing the appropriate form with the IRS by the original due date, although tax payments based on the taxpayer's best estimate remain due on the original date.

August 25, 2024 3 min read Definitions

Extension of Time for Filing: Additional Period for Tax Return Submission

Taxation Government Regulations Tax Filing Deadline Extension IRS Forms Form 4868 Tax Compliance

An extension of time for filing provides an additional period during which a tax return may be filed without penalty. For instance, U.S. taxpayers can obtain an automatic six-month extension for individual tax returns by submitting Form 4868 by April 15.