How To File A Federal Tax Extension

My Money Blog tells us how to submit for a federal tax filing extension if you’re still waiting for some forms or you just don’t think you can get it together in time.

Sending in IRS Form 4868 by April 16th will land you an automatic six-month extension until October 15, 2007 to file your tax return…

…You must still pay at least 90% of your total tax due by April 16th in order to avoid penalties for late payment.

Don’t forget to extend your state taxes, either. Forms vary by state so call up up your accountant, dig in your tax software, or call the state tax office for the proper forms. — BEN POPKEN

Stressed About Your Tax Return? File an Extension [My Money Blog]