How can taxpayer's extend the due date for filing their 2011 Individual Income tax return?
If a taxpayer is not able to file his or her 2011 federal individual income tax return by the due date of April 17th 2011, the taxpayer may be able to extend the date to file your tax return to October 15, 2012. This can be achieved by filing Form 4868, Application of Automatic Extension of Time to File U.S. Individual Income Tax Return.
When you file Form 4868, extensions for filing income tax returns are automatic. The taxpayer does not need to provide any explanation or supporting documentation to the IRS.
Please be aware that an extension of time to file your return does not grant you any extension of time to pay your tax liability.
If you have a balance due on your tax return, your tax payment is due April 17, 2012. The IRS allows up to six months after the April 17, 2012 deadline to file an income tax return but, there are no extensions granted for tax payments. Thus, if a taxpayer does not make a tax payment by the due date, the IRS will impose interest and can assess potential penalties for all late tax payments.