Filing Income Tax Extension for 2011, 2012

If you need to file for an income tax extension, you will need Form 4868. This Form is the application for automatic extension of time to file U.S. individual tax return. You will have three different ways to do this.

1. Electronically (submitted by computer)

2. Paying part of your tax due (credit card payment through an outside service provider)

3. By mail

Computer or Mail

If you file using a computer then, the IRS will send you a confirmation number and you will not have to send in Form 4868. If you file through the United States postal system then, you will have to send in the form with your return. If you have monies owed to the IRS you can efile them or use an outside service provider. Keep in mind, the rules change if you were serving in a combat zone or a qualified hazardous duty area.

Tax Software

If you’re not sure how to efile for an income tax extension you can check out Turbo Tax Online. They are the number one rated online income tax return software company on the market. Companies we know and trust completely give them two thumbs up. You can visit their site to read more about all of the accolades and awards.

I use them because their website is so easy to use and they have all the top notch security in the world, tax experts standing by to help and the software scans for every imaginable deduction you deserve to claim.

Payment

You will not have a problem being granted an extension if you pay part or all of your taxes due by credit card. Form 4868 has a list of service providers listed so, you can see your payment options. You can pay by phone or Internet. Be smart and keep all of the records concerning your income tax return and extension. You will be given a confirmation number and acknowledgement from the IRS which will be very important information for your tax records.

Time verses Pay

Keep in mind, an extension grants you time to file. This does not mean that you have time to pay. You must pay your taxes due on time or you will be hit with late filing penalties. Do yourself a favor and visit TurboTax Online today!

The software is incredible and will go through your income tax return with a fine tooth comb to search for every deduction you deserve. You will have the biggest refund or the lowest possible tax owed and that’s a guarantee!