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Insert US Currency Field to the Demand For Extension Of Payment Date

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Aug 6th, 2022

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How to Insert US Currency Field to the Demand For Extension Of Payment Date

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[Music] if youre not ready to file your 1040 tax return its okay there is no reason to panic the irs will let you file for an automatic extension lets look at how the good news is everyone can file electronically either using tax software or at irs.gov just look for the link that says freefile youre basically filling out form 4868. its really simple just nine questions they dont even ask why youre going to miss the deadline you submit it in minutes and thats it just make sure you file it before this years deadline april 18th the irs says will contact you only if your request is denied otherwise filing this form gives you until october 15 to file a return easy but getting an extension to file your return is not an extension to pay the irs says you must estimate your tax liability on form 4868 and should also pay any amount due by april 18th you can pay online at irs.gov payments if you dont pay on time you could face interest or a late payment penalty up to 25 if you cant pay

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How to file Form 4868 in Drake?

Under the Federal e-File Override section, select 4868. Click the Pay balance due with credit card link at the top of screen 4868 to open screen IFP. Select Form 4868 as the payment type. Recalculate the return (Ctrl+C), and press Authorize Card. Follow the Drake Software E-Payment Center prompts.

How do I file an extension for 1040 in Drake?

1040 - Individual Extension Form 4868 Open the return. Enter demographic information on screen 1. Navigate to screen EXT. From the 4868 drop list, select X to produce Form 4868. Make one of the following entries, or the Amount youre paying on Form 4868 will be blank.

Where do I enter payment with an extension?

Where do I enter my extension payment (Form 4868)? If you paid an extension payment to the IRS when you filed your extension, that information needs to be included when you file your tax return. Enter it on the Extension and Other Tax Payments screen.

Do I attach 4868 to Form 1040?

You can file your tax return any time before the extension expires. Dont attach a copy of Form 4868 to your return. Youll owe interest on any tax not paid by the regular due date of your return, even if you qualify for the 2-month extension because you were out of the country.

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