Monday, April 5, 2010

Overwhelmed? Afraid you won’t make the April 15, 2010 filing deadline?


File an extension. Individuals may qualify for an automatic 6-month extension of time. File Form 4868, Application for Automatic Extension of Time to File U.S. Income Tax Return. The extension only extends your filing deadline. It does not extend the deadline for paying taxes that you owe.
If you:
  • Live outside the United States,
  • Are out of the country when your extension expires, or
  • You are serving in a combat zone or other qualified hazardous duty area
Special rules may apply.
Corporations, partnerships, and other entities such as trusts are subject to different rules.

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