![]() So, all you have to do to file an extension is fill out Form 4868. But filing a tax extension is pretty doggone easy, and most are automatically approved. ![]() Ever try to navigate the IRS website? It’s a maze of schedules and publications. The IRS has a well-earned reputation for making things overly complicated. 2 Is It Easy to Apply for a Tax Extension? 1 However, filing an extension can help you avoid big failure-to-file penalties, which are 5% a month up to a max of 25%. If you owe taxes, they’re due on Tax Day, and if you don’t pay by Tax Day, you’ll rack up late-payment penalties (0.5% of your tax bill a month up to a max of 25%) and interest. Use one that’s on your side-Ramsey SmartTax.īut fair warning: An extension doesn’t buy you more time to pay your taxes. Don’t settle for tax software with hidden fees or agendas.
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