Need an Extension of Time to File Taxes

Tax Deadline Approaches; Nearly 40 Million to File Returns, Extensions by April 18

As the April 18 tax filing deadline approaches, the Internal Revenue Service reminded nearly 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the final days of the 2017 tax season.

The IRS has tax help, publications and information on IRS.gov to help last-minute filers, including information about free e-file options, such as FreeFile, or how to request an automatic six-month filing extension.  Additionally, IRS telephone lines will have a special Saturday opening on April 15, from 9 a.m. to 5 p.m., callers’ local time, to help taxpayers with last-minute issues.

“With the tax deadline approaching, taxpayers shouldn’t panic. The IRS has many options available to help people as they finalize their tax returns or if they need to get extra time to file,” said IRS Commissioner John Koskinen.

The IRS enters the busiest period of tax season this week, with millions of people planning to file. Through April 7, the IRS has processed more than 100.9 million tax returns and issued more than 80.2 million refunds totaling $228.9 billion. The average refund is $2,851.

Some other key numbers:

  • The IRS expects to receive about 18 million individual income tax returns for the week ending April 15, with about 16 million filed electronically.
  • On top of those 18 million tax returns, the IRS expects to receive another 12 million tax returns the following week.
  • The IRS expects to receive more than 8 million extension requests through next week, with the vast majority of those Forms 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, being filed electronically. Overall, this year, the IRS expects to receive 13 million extension requests from taxpayers.

Taxpayers can download, print and file a paper Form 4868 from IRS.gov/forms. The form must be mailed to the IRS with a postmark on or before April 18. Taxpayers are reminded that an extension of time to file is not an extension of time to pay. Tax payments are due April 18. Submit an estimated tax payment with the Form 4868.

Make a Payment, Get an Extension

In addition to using Free File to get a filing extension, taxpayers can also get an extension by paying all or part of the estimated income tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card. This way they won’t have to file a separate extension form and will receive a confirmation number for their records.

IRS Direct Pay offers individual taxpayers a free, secure way to pay an individual tax bill or estimated tax payment directly from a checking or savings account at no cost. No pre-registration is required and payments can be scheduled up to 30 days in advance.

By selecting “extension” as the reason for the payment, the IRS will also accept it as an extension – no need to separately file a Form 4868. In addition, any payment made with an extension request will reduce or eliminate interest and late-payment penalties that apply to payments made after April 18. The interest rate is currently four percent per year, compounded daily, and the late-payment penalty is normally 0.5 percent per month.

Taxpayers who changed tax software products this year may need their adjusted gross income (AGI) from their 2015 tax return to complete the e-file process. Those needing their AGI, should review the methods of obtaining a copy at Validating Your Electronically Filed Tax Return. Taxpayers should keep a copy of tax returns and supporting documents.

“As we enter the final days before the tax deadline, the IRS has seen a strong filing season so far with smooth processing of tax returns and refunds as well as signs our strengthened security steps are helping prevent more tax-related identity theft,” said Koskinen.  “We appreciate taxpayers taking the time to file their tax returns accurately, and I also want to thank the nation’s tax community, tax professionals and our partners in the states for their critical role in helping make this filing season a smooth one.”

Filing Season Statistics for Week Ending April 7, 2017

Cumulative statistics comparing 04/08/2016 and 04/07/2017
Individual Income Tax Returns: 2016 2017 % Change
Total Returns Received 107,452,000 103,612,000 -3.6
Total Returns Processed 104,527,000 100,990,000 -3.4
       
E-filing Receipts:      
TOTAL 98,731,000 95,458,000 -3.3
Tax Professionals 57,006,000 54,720,000 -4.0
Self-prepared 41,725,000 40,738,000 -2.4
       
Web Usage:      
Visits to IRS.gov 289,884,145 276,082,236 -4.8
       
Total Refunds:      
Number 81,751,000 80,296,000 -1.8
Amount $228.780 Billion $228.951 Billion 0.1
Average refund $2,798 $2,851 1.9
 
Direct Deposit Refunds:      
Number 70,027,000 69,293,000 -1.0
Amount $207.360 Billion $208.475 Billion 0.5
Average refund $2,961 $3,009 1.6

 

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