2007-02-28 18:33:55 · 6 answers · asked by jeffrey545 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
If you're talking about U.S. Federal Income taxes due, you cannot "extend" them. If you are a calendar year taxpayer, then they are due and PAYABLE on April 15th. However, if you don't have the money to pay the tax bill, and can't borrow the money to pay them (ie; home equity loan, which is lower interest rate and interest is deductible if you itemize), then write a brief letter explaining your circumstances and willingness to pay them on a payment plan, and they will work with you. You'll still pay penalties and interest, but it's better than a failure to file penalty, PLUS you'll still owe the interest and they won't be as willing to work with your financial situation. Good luck.
2007-02-28 18:44:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When you file your taxes, you have to ask for a payment plan if you owe. The federal gov't allows this, but a lot of states don't allow payments. I know for a fact that California is one of them that doesn't.
And if you do get on the payment plan, you need to pay it off before you do the next year's taxes.
2007-03-01 02:38:27 · answer #2 · answered by Keep It Sane 3 · 0⤊ 0⤋
Generally you can't get an extension on the payment of taxes. You CAN get a payment plan with the IRS. Contact them for information.
2007-03-01 02:42:08 · answer #3 · answered by Nancy B 2 · 0⤊ 0⤋
File your return and pay what you can. The IRS will contact you shortly to work out a payment plan. It's important to file timely because it stops the penalties and directs your future payments to principal and interest.
2007-03-01 02:45:40 · answer #4 · answered by Scott K 7 · 0⤊ 0⤋
There is no form to extend taxes.
There are many forms to extend your filing.
2007-03-01 14:50:41 · answer #5 · answered by bold4bs 4 · 0⤊ 0⤋
Please be a bit more specific. Property taxes, income tax, etc..
2007-03-01 02:38:54 · answer #6 · answered by TedEx 7 · 0⤊ 1⤋