On my extension request, I entered $25,000 as my total tax liability and $0 as amount paid to get to my estimated $25,000 left. In reality both #s should be 100K higher.
Do I need to submit a new form 4868, or is the net # the only # that matters?
01236
1 Best answer
DDollar
Expert Alumni
Jun 4, 2019 1:23:12 PM
You do not need to send another Form 4868. The only amount that matters is the amount you pay - it needs to be enough to pay your tax liability to avoid penalty and interest. Those other amounts are just "estimates", and aren't used for anything.
1 Replies
DDollar
Expert Alumni
Jun 4, 2019 1:23:12 PM
You do not need to send another Form 4868. The only amount that matters is the amount you pay - it needs to be enough to pay your tax liability to avoid penalty and interest. Those other amounts are just "estimates", and aren't used for anything.