How to EFile Your Form 4868?
Are you having a hard time filling out form 4868 tax extension? Today we are going talk about how to fill it out and how to make it easier.
Line 1
The 4868 tax extensionstarts by entering your name and address on the appropriate lines. If you are filing a joint tax return, please enter both names here as well. If you want notices sent to a different address, say a post office box, you can also add it here as well. Also if you changed your name during this year due to divorce, marriage, or any other reason you will need to report this to Social Security beforefilling out this form 4868 so please do that before you file.
Line 2 and 3
This is where you will add your Social Security number or Employer Identification Number if applicable. If you are a non- American citizen you will have to apply for an ITIN before being approved for this. This is a special card that will allow you to work in the US as well as pay taxes here.
Line 4
This is where you fill out your expected tax liability for the previous year. This amount can be found and estimated by filling out a rough form of your income tax form which will be one of the following, Form 1040, Form 1040a, Form 1040EZ, Form 1040NR, Form 1040NR-EZ, Form 1040-PR, and form 1040-SS. If you think that your amount will be zero please put in on this line as well.
Line 5
This is the line to enter the total payments that you are planning to report on your actual return. So if you already made payment towards the amount owed then this is where you would write that.
Line 6
This will be the line to write the balance due. You will subtract line 5 from line 5 to get the total amount of tax due.
Line 7
You should on this line write what you plan on paying with your form 4868. You should strive to pay the total amount due at this time to avoid any late fees and penalties, which can be quite high. Some penalties reported have been ½ to 1% of total tax and over 25% a month for a late fee.
Line 8
This line is to be filled out if you are out of the country during this time period. So if you are working out of the country please check this box. You will automatically get a 2 month extension in our taxes for checking this box.
Line 9
This line is for taxpayers who file form 1040NR or 1040NR-EZ form. This is a special line made especially for these kinds of taxpayers. If you do get this form in the mail you will have to check his box.
You can fill out this form electronically or by mail but the easiest way is definitely by e-filing your return and you can do that by using Etax4868.com.
Line 1
The 4868 tax extensionstarts by entering your name and address on the appropriate lines. If you are filing a joint tax return, please enter both names here as well. If you want notices sent to a different address, say a post office box, you can also add it here as well. Also if you changed your name during this year due to divorce, marriage, or any other reason you will need to report this to Social Security beforefilling out this form 4868 so please do that before you file.
Line 2 and 3
This is where you will add your Social Security number or Employer Identification Number if applicable. If you are a non- American citizen you will have to apply for an ITIN before being approved for this. This is a special card that will allow you to work in the US as well as pay taxes here.
Line 4
This is where you fill out your expected tax liability for the previous year. This amount can be found and estimated by filling out a rough form of your income tax form which will be one of the following, Form 1040, Form 1040a, Form 1040EZ, Form 1040NR, Form 1040NR-EZ, Form 1040-PR, and form 1040-SS. If you think that your amount will be zero please put in on this line as well.
Line 5
This is the line to enter the total payments that you are planning to report on your actual return. So if you already made payment towards the amount owed then this is where you would write that.
Line 6
This will be the line to write the balance due. You will subtract line 5 from line 5 to get the total amount of tax due.
Line 7
You should on this line write what you plan on paying with your form 4868. You should strive to pay the total amount due at this time to avoid any late fees and penalties, which can be quite high. Some penalties reported have been ½ to 1% of total tax and over 25% a month for a late fee.
Line 8
This line is to be filled out if you are out of the country during this time period. So if you are working out of the country please check this box. You will automatically get a 2 month extension in our taxes for checking this box.
Line 9
This line is for taxpayers who file form 1040NR or 1040NR-EZ form. This is a special line made especially for these kinds of taxpayers. If you do get this form in the mail you will have to check his box.
You can fill out this form electronically or by mail but the easiest way is definitely by e-filing your return and you can do that by using Etax4868.com.
