Tax-filing countdown: Need more time to file?

Form 1040Form 1040You're going down to the wire on filing your tax return, but you're not going to hit Wednesday's deadline.

Relax, just ask the IRS for more time. About 10 million requests for extensions are filed each year, according to the editors at Bank Rate Monitor.

All you have to do to get an extra six months is to file Form 4868, Application for Automatic Extension of Time to File.

Just apply online here, or by mail.

Remember, an extension of time is not an extension to pay. If you owe taxes, you need to write the check, or at least pay a close estimate of the final amount, when asking for the filing extension.

For more details on the ins and outs of getting an extension, Bank Rate Monitor has a good story posted this morning

Submitted by Steve Rosen on April 13, 2009 - 8:01am.
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Submitted by Anonymous on April 13, 2009 - 9:20am.

I just filed my tax extension online with FileLater (http://filelater.com). I had NO idea how easy it could be to get a tax extension... never done this before. Didn't even have to give the IRS a reason (excuse).

I can't tell you how relieved I am to have until October 15 to file, now. I used a coupon code "tweet20" that saved me 20% :)


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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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Submitted by FPA on April 9, 2009 - 2:00pm.
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