How To File A Tax Extension. Whether you're missing the right tax documents, are grappling with a family emergency or simply lost track of time, anyone can file an extension until oct. Any overage you pay will be refunded to you once you file your tax return.

While an extension won't get you out of paying when you file for a tax extension, you're required to estimate how much tax you owe for the year, and pay that amount to the irs before the regular tax.

To qualify for a federal tax extension, you must file the appropriate forms by the. Are your business tax returns super complicated? But if you file an extension and pay your tax liability at the same time, you can avoid the interest and penalties. How does a tax extension work? However, filing an extension is a process in and of itself. Here's what you need to know about how to file a tax extension and what the implications are of doing so. Extensions must be filed before the final tax day ends to avoid further penalties for missing the tax extension deadline. How to file a tax extension. So if your tax return is normally due on april 15, filing an extension would extend the due date to october 15. In most cases, this means you'll have to submit your 1040 forms by april 15, which is usually tax day. But what exactly does a tax extension do, and how do you actually get one?