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April 09, 2012 – TaxTalk Blog
My next door neighbor called last night all in a panic. She knew the tax filing due date was quickly approaching, and she couldn’t locate all her tax statements. I let her vent for a bit and then we talked about getting an extension of time to file.
Extensions come in two basic categories, based on whether you owe additional tax or expect to get a refund (or to break even).
First, let’s talk about what to do if you haven’t paid enough tax, and expect to owe when you file.
An extension of time to file extends the time you have to get all your information together so you can file. That said, it does not extend the time to pay any tax you may owe. The tax is still due on April 17, 2012.
Here’s how a state extension works for you:
Here are two ways to file for an extension with Indiana:
Now, if you are expecting a refund, or expect to break even, and you can’t file by April 17, you’ll still need to file for an extension. That said, you have a couple of options.
Here’s how an extension works for you if you don’t owe:
For military personnel needing an extension, there are special filing considerations. The Department of Revenue’s Information Bulletin 27 can give you details about extensions, taxability of income, deductions, and a range of information for those serving in the military. Also, if you or your spouse are serving in a combat zone, check out combat zone issues for tax information specific to your situation.
Finally, if you are planning on mailing your tax return (or extension payment) in the late evening hours of April 17, call the U.S. Postal Service ahead of time. While several branches used to stay open until midnight on tax day, last year only a handful did.
If you would like to submit a question or topic suggestions, please send them to feedback@dor.in.gov
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