Tax Extension Form 2010: Get it Now!
Filed under: Personal Finance, News
Need the Tax Extension Form for 2010? You can get it now by going to one of these two sites:
1. Tax Extension Form 2010: Online Tax Filing
2. Tax Extension Form 2010: Free Fillable Paper Forms
Please remember: Using the Tax Extension Form for 2010 gives you an extension on the time needed to file your taxes for 2010 — not on the time to pay. If you think you owe taxes for 2010, you still have to pay that amount on time even if you file later. Otherwise, you will incur penalties and fees on top of your 2010 taxes, including back interest. The IRS Web site states:
Taxpayers who need extra time to file their federal returns this year can file the Form 4868 request for an automatic extension through IRS Free File. The extension gives you an additional six months, until Oct. 15, to file the tax return…
An extension of time to file is not an extension of time to pay. You need to estimate your tax liability and pay any balance due when you request the extension. Several payment options are available, including electronic funds withdrawal, credit card and check.
If you are unable to pay the total balance due, you should pay as much as possible and then contact the IRS about an installment plan. Even if you cannot pay the balance due, it is important to either file a return or request an extension to avoid the failure-to-file penalty.
Best of luck filing your 2010 taxes and filing for a tax extension if you need it! Visit IRS.gov for more information on last minute tax filing for 2010 and the Tax Extension Form for 2010.
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By Black Voices On Money on 04/14/2010 – 10:36 am PDT -- Business News