IRS Extension

People unable to meet the April 15th federal tax filing deadline may be eligible for a filing extension. Filling out IRS Form 4868 will allow a taxpayer six more months to file, with the new deadline becoming Oct. 15th. It is important to understand that this is not an opportunity to delay payment. Taxes due will need to be estimated and turned in with the extension application. To best avoid any fees or penalties, this should be taken care of as soon as it is evident that an extension will be necessary.