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Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly. Fortunately Saquon Barkley Jersey , filing an extension isn't particularly difficult. For individuals, there are two available extensions.

Automatic Extension

What do you do if April 15th is approaching and you simply can't get your taxes done? The IRS allows you to file a request for a four-month extension to file your tax returns. Simply file form 4868 and you will automatically be given until August 15th to get your return in.

Second Extension

What do you do if August 15th is quickly approaching and you still can't get your returns together? You can file an additional request for an extension to file your tax returns. Unfortunately, the IRS isn't going to automatically grant your request. Instead, you have to show the following:

1. The reason for requesting the extension,

2. The particular tax return for which the extension of time to file is desired Lawrence Taylor Jersey ,

3. The tax year to which the extension applies,

4. The length of time needed for the extension, and

5. Whether another extension of time to file has already been granted for this tax year.

If you can provide credible information, the IRS will grant you an additional extension for two months. To request the extension, you must file form 2688.

Failing To File

Failing to file a tax return or application for extension is a bad move. Penalties can be as high as 5% for each month your return is late. The penalty does max out at 25% of the tax due Cheap Giants Jerseys , but your risk of an audit or having your return red flagged increases dramatically. Filing a tax return extension is fairly simple, so you should never have this problem.

Richard Chapo is CEO of - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review. Read additional tax articles at for more information.
How to Choose the Right LED Lighting For Interior? Business Articles | May 30, 2016

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Childrens Emergency Dentist: Saving Your Child's Tooth Health Articles | July 21, 2011
If your child loses a tooth due to an injury it can be saved by visiting a聽childrens emergency dentist and聽following these tips. Read on to learn more.

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