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Archive for Sunday, January 29, 2006

Procrastinators get two extra days to file return

January 29, 2006

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Dread doing those taxes? This year, the IRS made it easier to procrastinate.

The filing deadline is two days later than usual - Monday, April 17, because April 15, the normal deadline, is a Saturday. The Internal Revenue Service also has made it easier to get an automatic six-month extension beyond that.

Before, obtaining a six-month filing extension was a two-step process. Taxpayers filed one form to get an automatic four-month extension to Aug. 15, and a second form to obtain an additional extension, usually two more months. But the second extension wasn't automatic - taxpayers had to give a reason for the additional delay, and the IRS could always deny the request.

In a cost-savings move, the IRS eliminated or consolidated deadline-extension forms. Now, taxpayers receive an automatic six-month extension to Oct. 16, 2006, by filing a single form, Form 4868. They don't have to provide a reason or even a signature, only file the form by April 17.

Businesses seeking the automatic six-month extension file Form 7004.

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