Working with the IRS can seem complicated and intimidating at times – especially when you’re facing the uncertainty that comes with filing your income taxes late.
As soon as you know you’ll be filing late, apply for an extension using Form 4868 or from the Free File link on the IRS website. Don’t wait until after the May 17 deadline!
It’s important to remember that:
- You must apply for the extension by the May 17 deadline.
- An extension to file does not extend your deadline to pay, if you owe.
- You will need to file an estimate of your taxes. If you estimate owing, you should make a payment towards that amount by May 17 to avoid a penalty.
Taxes don’t have to be scary. Amador Accounting is here to help.