Retirement tax questions


@fanfare wrote:

@macuser_22 

This person does need to file Form 4868 since they need more time to pay back for 2020 as indicated in the filed tax return.


See:

26 CFR § 301.9100-2 - Automatic extensions

 

(b) Automatic 6-month extension. An automatic extension of 6 months from the due date of a return excluding extensions is granted to make regulatory or statutory elections whose due dates are the due date of the return or the due date of the return including extensions provided the taxpayer timely filed its return for the year the election should have been made and the taxpayer takes corrective action as defined in paragraph (c) of this section within that 6-month extension period.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**