It’s that time of year again when Americans everywhere are scrambling to get their taxes done. For some, this process is relatively simple and can be done in a matter of minutes. For others, it’s a more complicated process that takes days or even weeks. And then there are those who wait until the last minute and end up having to file for an extension.
If you find yourself in the latter category, don’t panic. Filing for an extension is actually quite simple and can be done entirely online. Here’s a step-by-step guide to help you through the process.
First, go to the IRS website and select the ‘File for an Extension’ option. You’ll then need to enter some basic information about yourself and your tax situation.
Next, you’ll need to select the reason why you’re filing for an extension. The IRS provides a few different options to choose from, so select the one that applies to you.
Once you’ve selected a reason, you’ll need to provide your contact information. This includes your name, address, and phone number.
Finally, you’ll need to select the method by which you’ll be paying your taxes. The IRS provides a few different options here as well. And that’s it!
Once you’ve completed these steps, you’ll have successfully filed for an extension on your taxes. Remember, this is only an extension on the filing of your return, not on the payment of your taxes. So, while you may have an extra few weeks to file your return, any taxes owed are still due on the original April deadline.
If you have any questions about the process, the IRS website provides a handy FAQ section that can help.
Now all you have to do is sit back and relax. You’ve taken care of everything and can now rest easy knowing that your taxes are in good hands.