Extensions

Individual If you need more time than that to satisfy your federal income tax obligations, you can get an extra four months to file by sending Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, to the IRS by April 15 (April 17 for filing in 2000). Even though the tax return is extended, the tax is not. This means you must pay tax with the extension. If you do not know the exact amount of tax, you are required to estimate the deposit amount enough to avoid penalty and interest later. You can obtain the extension form and the instruction (including estimating deposits) through our "Other Useful Web Sites, tax forms - federal". You also need to file an extension form and make similar deposits with the state.

Corporation You need to file the corporation tax returns by 2 1/2 months after a company's year end. For example, for 12/31/99 corporation, the filing deadline is 3/15/00. If you need more time file the corporation tax returns, you can get an automatic six month extension to file by sending Form 7004, Application for Automatic Extension of Time To File U.S. Corporation Income Tax Return. Even though the tax return is extended, the tax is not. This means you must pay tax with the extension. If you do not know the exact amount of tax, you are required to estimate the deposit amount enough to avoid penalty and interest later. You can obtain the extension form and the instruction (including estimating deposits) through our "Other Useful Web Sites, tax forms - federal". You also need to file an extension form and make similar deposits with the state.

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