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km5marrero
New Member

Can you tell me on the file extension section 1 of the fields is, Total 2018 federal taxes owed. Does that mean everything we paid + what we owe or just what we owe?

 
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Rachel_W
Level 4

Can you tell me on the file extension section 1 of the fields is, Total 2018 federal taxes owed. Does that mean everything we paid + what we owe or just what we owe?

On Form 4868:

* Total 2018 Federal Taxes Owed means your total estimated tax liability for 2018

* Total 2018 Payments will include your federal withholding plus any estimated tax payments

* If your estimated tax liability for 2018 is less than your payments, this is your balance due, which should be paid with your extension.

I am including a link to Form 4868 & the instructions for your reference: https://www.irs.gov/pub/irs-pdf/f4868.pdf.

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