How to Qualify for 4868 Extension and What are the Requirements?

The requirement and need of form 4868 is justified by IRS when individuals, Sole proprietors, Single member LLCs as independent contractors need time to show up their exact returns as on date as of April 15th of the annual tax year and hence IRS always have considerate measures for the multitude in terms of the following prescribed version of IRS instructions as per form 4868.

Taxpayers who are all out of the country. If, on the regular due date of your return, you are out of the country and a U.S. citizen or resident, you are allowed 2 extra months to file your return and pay any amount due without requesting an extension. Interest will still be charged, however, on payments made after the regular due date, without regard to the extension. For a calendar year return, this is June 15, 2015. File this form and be sure to check the box on line 8 if you need an additional 4 months to file your return. If you are out of the country and a U.S. citizen or resident, you may qualify for special tax treatment if you meet the bona fide residence or physical presence tests. If you do not expect to meet either of those tests by the due date of your return, request an extension to a date after you expect to meet the tests by filing Form 2350, Application for Extension of Time to File U.S. Income Tax Return.

You are out of the country if:

  • • You live outside the United States and Puerto Rico and your main place of work is outside the United States and Puerto Rico, or
  • • You are in military or naval service on duty outside the United States and Puerto Rico. If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States or Puerto Rico on the regular due date of the return.

For more information on extensions for taxpayers out of the country, see Pub. 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. Form 1040NR or 1040NR-EZ filers, if you cannot file your return by the due date, you should file Form 4868. You must file Form 4868 by the regular due date of the return. If you did not receive wages as an employee subject to U.S. income tax withholding, and your return is due June 15, 2015, check the box on line 9.

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