Emack_EA
Employee Tax Expert

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Hello @5344298 ,

Some people require an extension because life events—an illness, a death in the family, or a natural disaster—have interfered with their ability to file on time which is the situation you are in right now.

Traditionally, federal tax returns are due on April 15 or the first business day thereafter if the 15th is on a weekend or holiday. However, the IRS does grant you an automatic extension to file your taxes every year, as long as you complete Form 4868. Unfortunately, even if you obtain an extension to file, you must still pay your income tax in full by the tax deadline. If you fail to pay on time, you may face penalties and interest.

Regardless of when you file your tax return, if you do not pay the tax you owe by the tax filing deadline, the IRS penalties can be severe. The IRS will charge you one-half percent each month on the amount of tax you still owe after the deadline.

If you fail to file a return altogether by the extension date, the IRS penalty increases to 5 percent per month, for a maximum penalty of 25 percent. An easy way to avoid the penalty is to make a tax payment with your debit card before the filing deadline. When you do, this payment method serves as your extension application and you will not have to file Form 4868.

Please note that you may request an abatement by filing Form 843 and explain your situation using this link (https://www.irs.gov/forms-pubs/about-form-843), only the IRS agent is capable to make a final determination on your case. 

I hope that help.

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