How to file a tax extension?

How to file a tax extension

The Internal Revenue Service postponed the deadline to file taxes to July 15 because of the coronavirus pandemic. If this weren’t to happen, the deadline to file taxes would be the same as always — April 15. But even July 15 which is three months further from April 15 isn’t enough for all taxpayers.

If you need additional time to file a tax return, you may want to file an extension to avoid late-filing penalties. With an extension, you will have three more months to file a tax return. If the IRS did not postpone the deadline to file and pay taxes, the extension would give you six months but only to file a tax return. Whether or not you file an extension, you still have to pay taxes by April 15. For 2019 tax returns, the tax payment deadline is July 15.

With that said, even if you file for a tax extension, you must pay taxes by the deadline. Luckily, you can do both at once using the IRS Direct Pay.

File Extensions Online With IRS Direct Pay

The IRS Direct Pay allows taxpayers to make tax payments online for all kinds of tax payments. The only off thing about Direct Pay —depending on how you like to pay taxes— you must use your bank account. Unfortunately, Direct Pay only accepts payments made with a bank account, hence the name.

To file an extension and pay taxes at the same time on Direct Pay, click here.

On the opened page, click on Make a Payment. Select your “Reason for Payment” as “Extension” and select the tax year as 2019 and proceed to fill out the form to verify your identity. Then, you can make your payment after reviewing your information.

Note: You will be given a confirmation number. Keep this number to track the status of your payment. You can look up payments on the first page of Direct Pay.

Since you haven’t filed your return, we suggest estimating the taxes you owe and overpaying that amount. Just like paying estimated taxes and withholding, the amount overpaid will be refunded to you on your tax refund.

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