Remember that an extension is an extension of the time to file and not an extension of time to pay.
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The last bit is important because an extension is an extension of the time to file and not an extension of time to pay.
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Remember that an extension to file is not the same as an extension to pay.
You have until October 17, 2011 (because October 15, 2011, is a Saturday), to re-characterize your 2010 rollover or conversion to a Roth IRA if you file your 2010 tax return on time, including any extensions, and regardless of whether you requested an extension to file your 2010 tax return.
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Filing a 6166 Notice of Election along with an extension to file will not be considered valid.
For example, even if you did not request an extension to file your 2010 tax return and actually filed your return on or before April 18, 2011 (because April 15 is a holiday in the District of Columbia), you have until October 17, 2011, to re-characterize your 2010 Roth IRA rollover or conversion.
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As a taxpayer, however, he has an absolute right to file for extension.
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What's even cooler is that an intrepid explorer on Howard Forums discovered that if you rename an mp3 file (max size 190k) with a .mid extension and an email it to your phone.
In some circumstances, taxpayers get an extension of time to file without having to ask.
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You can set up and fund a Simplified Employee Pension plan until Apr. 15, or if you get an extension, the date you file your return.
The IRS notes that those folks tend to file closer to the April 15 deadline (or get an extension) anyway so the delay is not likely to affect them on a massive scale.
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It includes corporations and businesses that previously obtained an extension until Sept. 15, 2011, to file their 2010 returns and individuals and businesses that received a similar extension until Oct. 17.
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Additionally, estates of most decedents who died in 2010 and have timely requested an extension will have until March 19, 2012 to file their estate tax returns and pay any estate tax due.
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Instead, the inartfully drawn statute allows you to decide when you file your 2001 tax return-Aug. 15, 2002, if you get an extension.
The best reason to go on extension is if you need time to consider proper reporting, get professional advice, and file an accurate return.
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Even though you intend to get an extension, you may find that roughing out your return makes you want to go ahead and file on time.
If you need more time, you can request an additional four month extension by filing federal form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return (downloads as a pdf) by June 15.
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