Form 4868,a six-month extension of time to file,allows a taxpayer to
A)avoid interest on underpayment of taxes due.
B)extend the filing date of the return as well as payment of the tax due.
C)extend the filing date of the return but the estimated amount of tax due must still be paid by the original due date of the return.
D)extend the filing date only at the discretion of the IRS.

Question

Quizplus · Accepted Answer

Form 4868 provides a six-month extension to file the tax return. However, it requires that any estimated tax liability for the year is paid by the original due date of the return, which is typically April 15th. Therefore, option C is correct. Option A is incorrect because Form 4868 only provides an extension to file, it does not extend the payment due date. Option B is also incorrect because while it extends the filing date, it still requires estimated tax liabilities to be paid by the original due date. Option D is incorrect because taxpayers are automatically granted an extension upon filing Form 4868.  The discretion of the IRS does not play a role.

Form 4868,a Six-Month Extension of Time to File,allows a Taxpayer