How to Get an IRS Extension to File Taxes

Meeting the annual IRS tax filing deadline can be challenging for many filers. When you need more time to prepare an accurate return, getting an IRS extension provides up to 6 additional months without late filing penalties. Understanding the extension process, planning properly, and submitting request forms correctly allows utilizing this tax relief option seamlessly.

Reasons Taxpayers Seek Filing Extensions

Some common scenarios leading taxpayers to seek IRS filing extensions include:

Waiting on missing documentation like W-2s, 1099s, or consolidated brokerage forms
Major life events during the year like job changes, moves, marriages, divorces, new children
Personal illnesses, family emergencies, natural disasters, or service in combat zones
Need more time gathering information for complex returns covering self-employment, rental properties, investments, foreign assets, or trusts
Concerns about owing taxes so extra time needed to get financing in order before final filing

Eligibility Requirements for IRS Filing Extensions

To qualify for an IRS tax filing extension, you must meet these core eligibility requirements:

Have filed previous year tax returns properly and on time
Have no outstanding back taxes owed for prior tax years
Have no ongoing tax audits or unresolved issues pending with the IRS

Provided you comply with these conditions, the IRS automatically grants 6-month filing extensions to all taxpayers submitting valid requests.

When Should You File for Extension?

Ideally, assess your tax situation early in the year to determine if an extension may be necessary. This provides ample time for submitting requests.

The IRS begins accepting extension requests in January but most submit closer to the standard April 15 filing due date. You can request an extension as late as the original filing deadline.

However, earlier submissions reduce stress and allow the IRS to process your request before the heaviest volume period. File at least 2-4 weeks prior to April 15 for peace of mind.

How Do You File for a Tax Extension?

You have two options when filing official requests for IRS tax filing extensions:

1. Submit Form 4868

IRS Form 4868 extends your filing deadline 6 additional months.
Submit the 1-page form electronically through IRS e-File or mail a physical paper copy.
An approved Form 4868 extension gives you until October 15 to file your return.

2. Pay Part or All of Your Estimated Tax Due

You can request an extension by paying part or all of your estimated tax balance due when you submit the request.
Payments work as an implied extension request. You do not have to file Form 4868.
As with Form 4868, this option only provides a 6-month extension until October 15.
You still need to estimate taxes accurately because underpayments incur interest and penalties.

Both options allow an automatic 6-month extension for all filers meeting eligibility criteria. Submitting an accurate Form 4868 is the most common approach.

Important Tax Extension Considerations

When filing for an IRS extension, be aware of these key points:

An extension provides additional time to file your tax return. It does not extend your time to pay any taxes owed.
You need to accurately estimate taxes owed and make payment for that amount by April 15 to avoid late payment penalties.
Interest and penalties apply if you underestimate final taxes owed when submitting the extension request. So estimate as closely as possible.
You can request an extension even if you owe no anticipated taxes. All filers are eligible regardless of taxes due.
Individual taxes and forms eligible for extension include income, self-employment, estate, gift, excise and more.
Tax returns are still due on the October 15 extended deadline. After this date, your extension lapses and late filing penalties apply based on amounts owed.
Extensions provide more time to file accurately. But you still want to gather information early to estimate taxes owed before requesting extensions.

Can You File Multiple Extension Requests?

Technically, taxpayers can submit successive Form 4868 requests to receive additional extensions beyond the first 6 months. However, the IRS closely scrutinizes second extension requests.

To justify further extensions, you must prove extraordinarily extenuating circumstances beyond your control prevented filing by the initial extended deadline. Simple neglect, forgetting, or choice to delay further do not qualify.

Rather than risk an audit or penalty, focus on completing your return within the initial 6-month extension whenever possible. Work diligently to gather paperwork and prepare during those months.

Other Special Filing Extension Situations

Beyond the standard IRS extension, some unique filing situations may warrant additional relief. Other extension cases include:

Taxpayers residing outside the U.S. – Additional 2-month extensions available upon request.
Military personnel in combat zones – Extensions up to 180 days after departing the combat zone.
Disaster victims – Extensions may be granted to taxpayers impacted by federally declared disaster areas.

Research rules for special extension situations that apply to you. The IRS website and tax professionals provide specifics. Never assume extra time without formal approval.

How Do Extensions Affect State Taxes?

In most cases, state tax returns follow the same extension deadlines as federal. Submitting IRS Form 4868 automatically extends state filing as well.

However, some states have exceptions regarding extension length and procedures. Verify specific state tax extension rules to ensure compliance.

Conclusion

Getting an IRS tax filing extension provides welcome relief if you need extra time to prepare an accurate return. Submit Form 4868 electronically or by mail to easily push your deadline back 6 months. Just be sure to still estimate and pay any anticipated taxes owed by April 15 to avoid penalties. Then use the extra months wisely to complete a thorough tax filing. With an approved extension in place, you can avoid undue hurry and have confidence regarding your taxes.