1674633
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I dont have the money right now to pay my taxes or turbo tax what do i do?

How do i file an extension
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Tax Gnerd
New Member

I dont have the money right now to pay my taxes or turbo tax what do i do?

An automatic IRS extension for up to six months can be obtained by completing a form 4868 with the Internal Revenue Service, but the extension must be filed by or before the federal due date. Once filled, a 1040 return can be completed anytime within the six-month period. On the Form 4868, you will be asked to estimate your total tax liability.  

 

https://www.irs.gov/pub/irs-pdf/f4868.pdf

I dont have the money right now to pay my taxes or turbo tax what do i do?

An extension will give you more time to file your Form 1040;  It will NOT give you more time to pay any 2019 tax due.  Your estimated 2019 tax  due is supposed to be paid by July 15, 2020 or you will be subject to penalties and interest.  pay what you can with the extension to mitigate the interest, etc. that you will owe if you cannot pay now.

https://ttlc.intuit.com/community/extensions/help/how-do-i-file-an-irs-extension-form-4868-in-turbot...

 

The other thing you could do is ask for a payment plan with the IRS.  

https://www.irs.gov/payments/online-payment-agreement-application

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question