I need to wait for my wife's ITIN which might possibly arrive a week after the April 18th deadline. Is it fine if i file afterwards?

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You will need to file for an extension while waiting for your Spouse's ITIN.

For more information regarding filing without and ITIN read this article:

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You will need to file for an extension while waiting for your Spouse's ITIN.

For more information regarding filing without and ITIN read this article:

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