No difference between filing tax extensions and actual tax form | TahoeDailyTribune.com
YOUR AD HERE »

No difference between filing tax extensions and actual tax form

So filing tax forms at the last minute isn’t late enough for you? You can always postpone Uncle Sam another four months by filing an extension.

Instead of filing an actual tax return, you can pick up Form 4868, “Application for Automatic Extension of Time to File U.S. Individual Income Tax Return” and file it by the end of April 15.

Of course you still have to estimate the amount of taxes Uncle Sam can expect from you.



And if you owe any tax after April 15, you will be charged interest on any unpaid amount and possibly a penalty for paying the tax late.

So if your estimate is more than what’s been withheld, you should probably send a check for the difference.




In other words, to file an extension you: 1. Fill out a form; 2. Figure out what you owe; 3. Enclose a check.

To file the actual tax form you, 1. Fill out a form; 2. Figure out what you owe; 3. Enclose a check; 4. Enclose W-2s.

Not much difference.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User