Don't Mess With Taxes

Photo by Andrey Grushnikov

The tax deadline countdown clock is ticking away (literally, there over in the ol’ blog’s right column). With just days to file your Form 1040 slipping away, many of us will determine the best move is to file for an extension.

You can do that by Tax Day, April 15, too. Just send the Internal Revenue Service Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.

But some taxpayers get a bit more time to ask for more filing time.

Already extended disaster area taxpayers: As noted in my Tax Day isn’t Tax Day for everyone post a couple of days ago, this group includes taxpayers who live in places declared major natural disaster areas.

The IRS also notes that, based on the timing of the catastrophe that upended their lives and tax filing taxes, disaster-affected filers also get more time to ask for a further extension if they can’t meet their already later Tax Day.

That option is available to taxpayers in nine states where the Federal Emergency Management Agency (FEMA) designated major disaster areas. The IRS has given these taxpayers until May 1 to take care of their tax filing obligations.

These are taxpayers in all of Alabama, Florida, Georgia, North Carolina, and South Carolina, and those in parts of Alaska, New Mexico, Tennessee, and Virginia.

Even more time available: If they can’t meet their May 1 Tax Day, which is understandable since it’s only a couple more weeks to work on returns, these taxpayers can get until Oct. 15 by filing Form 4868.

But these disaster-area taxpayers who need even more time to file must submit a paper Form 4868. Extension requests filed after the normal April tax deadline cannot be filed electronically.

And just like taxpayers who must file by April 15, the IRS reminds the taxpayers in these disaster-affected nine states who are seeking time beyond May 1 that they must pay any tax due when they file for an extension by May 1.

You also might find these items of interest:

• Using tax-favored retirement funds after a disaster
• IRS and other government resources can help you deal with a natural disaster
• Storm Warnings: Preparing for, recovering from, and helping those affected by natural disasters

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