This form is used to prepare
Form 4868 Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. This is an extension to file your tax return;
it is not an extension to pay the balance due. If there is a balance due when the tax return is filed, there will be a
Failure to Pay Penalty assessed based on the amount due. Click the link to read more about the penalty.
While penalties can sound scary, imagine them as interest on the payment you owe. These penalties are often at a lower rate than using a credit to pay the balance. The government wants your money but also won't charge you so much that you can't pay it!
