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Old 16.04.2012, 22:49
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US Tax returns 3012 - IRS allows more time to file a return

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Not going to make this year's deadline for filing your federal tax return? No need to panic just yet.

Uncle Sam will grant you a six-month extension to file your tax forms, as long as you make the request by midnight Tuesday.


Filing for an extension doesn't spare you from having to pay your tax bill by the deadline, however. And failing to do so means you'll incur interest charges and fees on top of what you owe.

The Internal Revenue Service accepts extension requests three ways: By mail, via tax-preparation software, or online via the IRS website, http://www.irs.gov .

To request the extension, you must fill out IRS Form 4868, which is available on the IRS website, through most tax preparation software, as well as in public libraries and post offices.

If you file your tax return on time or get an extension, but fail to pay, the IRS will charge you interest on unpaid taxes. That rate currently works out to about 3.25 percent and is compounded daily.

What about filers who haven't sorted out their tax return yet and don't know how much they owe?

"They can send a payment to the IRS based on what they believe will be their tax debt, and once they have the extra six months, they can square everything away," said Annabel Marquez, a spokeswoman for IRS.

More at source and at http://www.irs.gov/



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Old 16.04.2012, 23:47
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Re: US Tax returns 3012 - IRS allows more time to file a return

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SMH AU


Not going to make this year's deadline for filing your federal tax return? No need to panic just yet.

Uncle Sam will grant you a six-month extension to file your tax forms, as long as you make the request by midnight Tuesday.


Filing for an extension doesn't spare you from having to pay your tax bill by the deadline, however. And failing to do so means you'll incur interest charges and fees on top of what you owe.

The Internal Revenue Service accepts extension requests three ways: By mail, via tax-preparation software, or online via the IRS website, http://www.irs.gov .

To request the extension, you must fill out IRS Form 4868, which is available on the IRS website, through most tax preparation software, as well as in public libraries and post offices.

If you file your tax return on time or get an extension, but fail to pay, the IRS will charge you interest on unpaid taxes. That rate currently works out to about 3.25 percent and is compounded daily.

What about filers who haven't sorted out their tax return yet and don't know how much they owe?

"They can send a payment to the IRS based on what they believe will be their tax debt, and once they have the extra six months, they can square everything away," said Annabel Marquez, a spokeswoman for IRS.

More at source and at http://www.irs.gov/



And expat filers already get until June 15 to file. So there's that.
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