You will have the option to Make Changes, File Extension, or File Return From here the program will recognize there is an extension attached to the return.To transmit an extension from inside the taxpayer’s return select: If the extension is not accepted by the payment date, the IRS may not take the payment.īefore an extension can be e-filed, all of the information for the client who is filing the extension must be entered on Form 4868. Requested Payment Date: We suggest selecting a date 2 or 3 days from the date you are sending the extension.You MUST fill out the following Bank Information in order for the IRS to withdraw funds from the Taxpayer’s After entering an amount in Amount Paid with Extension, a check box will appear that says: Would you like to pay your balance due electronically? Check this box if you are sending an electronic payment.I was out of the country – check this box if the taxpayer is currently out of the country.Amount Paid with Extension is the amount the taxpayer is sending to the IRS with this extension.Tax Payments is where you would enter any payments the taxpayer PREVIOUSLY made toward their tax liability.Tax Liability is for the taxpayer’s total estimated tax liability.These amounts will be the estimates you will be sending to the IRS.ĭescription of the Required Extension Information: You will need to fill out the Required Extension Information before continuing.Select EDIT next to Application for Extension (Form 4868).Select the Federal Section from within the return.This can be found under Miscellaneous Forms in the State Section.įrom Client Search select the client you need to create the extension for You will need to create the extension within the state return and mark it for electronic filing. In order to create extension for states, you must create the return and the state return. Since the application is sent electronically, we recommend sending the application a couple of days before the due date to give the payment time to process. Electronic payment requests may be sent with the extension in order to help the taxpayer pay their required taxes online. To be considered timely paid, the IRS must receive the taxpayer’s payment on or before the April 15th due date. Even if the extension is filed, if payment is not received by the deadline the taxpayer may still incur interest and penalties associated with late payment.
Filing Form 4868 only extends the time a taxpayer has to submit their income tax return to the IRS, it does not extend the time the taxpayer has to pay any amount that may be due. While the normal due date for taxes is April 15th ( during most tax years), Form 4868 extends the due date by 6 months to October 15th.
Creating, Printing and Filing Extensions in ProWebįorm 4868 is used to extend the time to file an individual tax return.
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