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New Form 4868 Provides Six-Month Filing Extension Aug. 8, 2005 (SmartPros) The Internal Revenue Service released a draft of the revised IRS Form 4868, which if approved will give individual taxpayers a six-month extension without the need to file an intervening form. The IRS said that it is estimated that this change may save nine million hours. Provided the necessary regulations are approved, taxpayers will be able to use the revised form for Tax Year 2005. For Tax Year 2004, a taxpayer filing a Form 4868 had until August 15 to file the return. The taxpayer needed to file Form 2688 to get an additional two months and had to supply a reason for needing the additional time. A draft of the revised Form 4868 is available on IRS.gov (PDF): |
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