April 05, 1990
To Receive an Extension,
a Form 4868 Must be Filed
WASHINGTON - There are less than two weeks left before the
1990 tax filing season ends on April 16, and many taxpayers who have
not yet filed may be thinking about getting an extension of time to
file their returns. This year the Internal Revenue Service expects
about six million taxpayers to request an automatic extension of
time to file their 1989 income tax returns.
To receive the extension, taxpayers must file Form 4868,
"Application for Automatic Extension of Time to File U.S. Individual
Income Tax Return," by April 16 and include the expected amount of
tax due along with Form 4868. This gives taxpayers an extra four
months, until August 15, to file the return. The extension is
automatic, and taxpayers don't have to give a reason for asking for
The IRS cautioned, however, that an extension of time to file a
return is not an extension of time to pay the tax due, and taxpayers
must include the expected amount of their tax due when they file the
The IRS also said that taxpayers should make sure the amount
they include with Form 4868 is enough to cover the current year's
tax liability. If the amount of tax included with the extension
request is less than this, taxpayers will be charged interest on the
overdue amount and may be charged penalties for failing to pay tax
and failing to file a timely tax return.
Form 4868 is available at most IRS offices and from IRS forms
distribution sites by calling toll-free 1-800-424-3676.
The IRS also said today that returns are continuing to come
into the service centers at a faster pace than last year. The IRS
received over 60 million returns by March 30, up 3.5 percent from
the 58 million filed at the same point last year. The IRS is also
continuing to process returns at a faster pace. Over 51.5 million
returns were processed through March 30, up over 7 percent from the
48 million processed last year at this point.
Refunds are up over last year as well. As of March 29, the IRS
certified 40.5 million refunds, compared to 37 million last year.
The average refund so far is $849, compared to $819 last year.
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