Extensions, Amendments & Electronic Filing

If taxpayers are unable to file their federal individual tax returns by the due date, they may be able to qualify for an automatic six-month extension of time to file. The taxpayer can either electronically file or mail Form 4868 to the IRS to request the extension. If the taxpayer has filed a return and realizes that a mistake was made, they would file an amended return using Form 1040-X. Objectives At the end of this lesson, you will be able to: Explain when and how to file Form 4868 and distinguish between an extension of time to file and an extension of time to pay Identify situations requiring an amended return and apply the correct amendment process using Form 1040-X Evaluate when a taxpayer should request an installment agreement and describe the consequences of unpaid balances, including penalties and interest Field of Study: Federal Tax Law — 2 Hours Course Level: Intermediate Prerequisite: General tax preparation knowledge is required Delivery Method: Self-Study Expiration Date to earn CEs: July 30, 2027. * This course does not qualify for California CTEC continuing education credit. It counts for federal (IRS) CE only and will be reported to your PTIN account.