Watch more How to Do Your Taxes videos: http://www.howcast.com/guides/44-How-to-Do-Your-Taxes Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS File for an extension to submit your taxes. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - http://howc.st/HOE3aY Howcast Video Games Channel - http://howc.st/tYKKrk Howcast Tech Channel - http://howc.st/rx9FwR Howcast Food Channel - http://howc.st/umBoJX Howcast Arts & Recreation Channel - http://howc.st/vmB86i Howcast Sports & Fitness Channel - http://howc.st/vKjUjm Howcast Personal Care & Style Channel - http://howc.st/vbbNt3 Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Understand your extension First off, let's get this straight—filing for an extension means you have an extra six months to file your paperwork, not extra time to pay your taxes. Failure to pay the taxes you owe by April 15 will result in interest and penalties. Tip If you live and work outside of the U.S. and Puerto Rico, you automatically have two extra months to file your return and pay any taxes. Step 2: Get the form Get a copy of Form 4868—the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. You can find it at most post offices, public libraries, and tax offices. Or you can download it from www.irs.gov. Tip To download, open, and print the form, you'll need a printer and an application that can view PDF files, like Preview (on a Mac) or Adobe Reader (available at www.adobe.com). Step 3: Complete Form 4868 Complete Form 4868 according to its instructions. Step 4: Pay up Write a check to the Internal Revenue Service for any taxes owed. Step 5: Mail the form Mail Form 4868, along with any payment due, by April 15. Tip Form 4868 can be filled out and submitted electronically at www.irs.gov. You can also pay any taxes you owe online or by telephone. Step 6: File your return File your tax return by October 15. There—now was that so hard? Did You Know? Thirty-eight percent of the average American family’s income goes to paying taxes.
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