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2016-2017 TAX FILING EXTENSION INSTRUCTIONS To verify income, students/parents (if dependent) must verify their income by submitting a Tax Return Transcript obtained from the IRS or by correcting

How to fill out 2016-2017 tax filing extension

Who needs 2016-2017 tax filing extension?

1. Individuals who were unable to file their tax returns by the original deadline (usually April 15th) due to various reasons may need to file for a tax filing extension for the 2016-2017 tax year.
2. Small business owners, self-employed individuals, and freelancers who require more time to gather all their financial documents and accurately calculate their taxes may also need to file for an extension.
3. Individuals who may have experienced unexpected life events or circumstances, such as illness, natural disasters, or personal emergencies, which prevented them from filing their tax returns on time, may also be eligible for a tax filing extension.

How to fill out 2016-2017 tax filing extension:

1. Obtain the appropriate form: To file for a tax filing extension for the 2016-2017 tax year, the IRS Form 4868 is generally used for individual taxpayers. This form can be downloaded from the official IRS website or obtained from a local IRS office.
2. Provide necessary details: Fill out the form accurately and completely, including your name, address, Social Security number (or taxpayer identification number), and estimated tax liability for the year. Ensure that all information is entered correctly to avoid any processing delays or errors.
3. Calculate the estimated tax liability: Estimate the amount of taxes you owe for the 2016-2017 tax year by completing the appropriate sections on the form. This estimation will serve as a basis for your tax filing extension and can help you avoid any penalties for late payment.
4. Decide the extension period: Select the desired extension period for filing your tax return. The standard tax filing extension is generally for six months, which means you will have until October 15th to submit your completed tax return. However, keep in mind that an extension only applies to the filing deadline and not the payment deadline. Any taxes owed must still be paid by the original due date to avoid penalties and interest.
5. Submit the form: Once the form is completed, you can submit it electronically through the IRS e-file system or mail it to the appropriate address provided on the form. If you are making a payment with the extension, ensure the payment is included with the form or sent separately using one of the approved payment methods.
6. Keep a copy for your records: After submitting the tax filing extension form, make sure to retain a copy for your records. This will serve as proof that you filed for an extension in case any questions or discrepancies arise in the future.

Remember, filing for a tax extension does not grant you additional time to pay any taxes owed. If you anticipate owing taxes, it is generally advisable to make a payment when filing for the extension to minimize penalties and interest. It is recommended to consult with a tax professional or the IRS if you have any specific questions or concerns regarding your tax filing or extension process.

For pdfFiller’s FAQs

What is tax filing extension instructions?

Tax filing extension instructions allow taxpayers to request additional time to file their tax return beyond the original due date.

Who is required to file tax filing extension instructions?

Individuals or businesses who need more time to complete and file their tax return are required to file tax filing extension instructions.

How to fill out tax filing extension instructions?

Taxpayers can typically request an extension by filing Form 4868 for individuals or Form 7004 for businesses, providing the necessary information and estimated tax payment.

What is the purpose of tax filing extension instructions?

The purpose of tax filing extension instructions is to provide taxpayers with additional time to gather necessary information, complete their tax return accurately, and avoid late filing penalties.

What information must be reported on tax filing extension instructions?

Taxpayers must provide their identification details, estimated tax liability, and reason for requesting an extension on the tax filing extension instructions.

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