Getting A Second Extension to File 2004 Taxes

Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly. Fortunately, filing an extension isn't particularly difficult. For individuals, there are two available extensions.

Automatic Extension

What do you do if April 15th is approaching and you simply can't get your taxes done? The IRS allows you to file a request for a four-month extension to file your tax returns. Simply file form 4868 and you will automatically be given until August 15th to get your return in.

Second Extension

What do you do if August 15th is quickly approaching and you still can't get your returns together? You can file an additional request for an extension to file your tax returns. Unfortunately, the IRS isn't going to automatically grant your request. Instead, you have to show the following:

1. The reason for requesting the extension,

2. The particular tax return for which the extension of time to file is desired,

3. The tax year to which the extension applies,

4. The length of time needed for the extension, and

5. Whether another extension of time to file has already been granted for this tax year.

If you can provide credible information, the IRS will grant you an additional extension for two months. To request the extension, you must file form 2688.

Failing To File

Failing to file a tax return or application for extension is a bad move. Penalties can be as high as 5% for each month your return is late. The penalty does max out at 25% of the tax due, but your risk of an audit or having your return red flagged increases dramatically. Filing a tax return extension is fairly simple, so you should never have this problem.

Richard Chapo is CEO of http://www.businesstaxrecovery.com - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review. Read additional tax articles at http://www.businesstaxrecovery.com/articles for more information.

MORE RESOURCES:

2009 CHICAGO BUDGET | Mayor wants to hike event, parking taxes to ... - Chicago Sun-Times

As the Economy Sinks, So Do Odds of a Tax Cut - U.S. News World Report

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/1i-0fd=Rurl=http://www.metronews.ca/edmonton/World/article/122958cid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNFSNf6DDGxjaqOQ3N-NZ8K1F9cNnAimg src=http://news.google.com/news?imgefp=sz_IVIVDWZMJimgurl=media.metronews.ca/images/45/7d/dc95255445cc84f8282037e90063.jpeg width=80 height=60 alt= border=1brfont size=-2Metro Canda - Edmonton/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://www.usnews.com/blogs/flowchart/2008/10/9/as-the-economy-sinks-so-do-odds-of-a-tax-cut.htmlcid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGH4jhMOG8XWMFH7JeAbP-pqBs3qQAs the Economy Sinks, So Do Odds of a bTax/b Cut/abrfont size=-1font color=#6f6f6fU.S. News World Report,nbsp;DCnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-1One of the riskiest financial moves you make this year could be listening to the presidential candidates—and banking on a btax/b cut after the November b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-1fd=Rurl=http://www.youtube.com/watch%3Fv%3D3ShDaWICNZ4cid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGqu4PFjOg_X3z0aot77pYGCfPIwQVideo: VP Debate - Tax Policies: Why are your tax policies not .../a font size=-1 color=#6f6f6fnobrCSPAN/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/3ShDaWICNZ4/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/3ShDaWICNZ4type=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-2fd=Rurl=http://www.blackvoices.com/blogs/2008/10/10/lower-taxes-fix-the-economy/cid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEgOzOtSs6hc4k-uSt7gZ2xEMKVuACan Lower bTaxes/b Fix The Economy?/a font size=-1 color=#6f6f6fnobrBlackvoices/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-3fd=Rurl=http://www.chron.com/disp/story.mpl/nation/6048058.htmlcid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGXlWgYEMOLESnyc_Jw10rDQSasFgBoth candidates mum on effect of crisis on spending, btaxes/b/a font size=-1 color=#6f6f6fnobrHouston Chronicle/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/1-4fd=Rurl=http://cbs4denver.com/seenon/obama.mccain.taxes.2.836041.htmlcid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNE5ZyC_sjMqqd38FOlMVGA4fE2LsAnobrcbs4denver.com/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/1-5fd=Rurl=http://politicalticker.blogs.cnn.com/2008/10/09/fact-check-obama-tax-plan-and-small-businesses/cid=1256027098ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHUEKTFcNkPkq1-2EWcvxdVSI3hyQnobrCNN Political Ticker/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256027098hl=ennobrall 571 news articles/nobr/a/font/div/font/td/tr/table

Mayor: Homeowners#39; taxes to drop - Indianapolis Star

Meeting on Crisis, Executives Say High Taxes Hinder City’s Economy - New York Times

Economic decisions involve more than reducing taxes - Lexington Dispatch

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/4i-0fd=Rurl=http://www.topnews.in/no-trace-missing-indian-pilgrims-new-zealand-272874cid=1254644376ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGC8oCKJVXaZmoYTcmS89J-71WdkAimg src=http://news.google.com/news?imgefp=zr_vlI4ERbsJimgurl=www.topnews.in/files/New-Zealand-FLag.JPG width=80 height=65 alt= border=1brfont size=-2TopNews/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.the-dispatch.com/article/20081010/COLUMNISTS/810100295/1053/sportscid=1254644376ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNF-Q55mOz9L_U-ntSV7ofQQPEmIzwEconomic decisions involve more than reducing btaxes/b/abrfont size=-1font color=#6f6f6fLexington Dispatch,nbsp;NCnbsp;-/font nobr6 hours ago/nobr/fontbrfont size=-1Over the past few months, I have been following the policy debate between Republicans and Democrats over the idea of cutting btaxes/b. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.nzherald.co.nz/politics/news/article.cfm%3Fc_id%3D280%26objectid%3D10536917cid=1254644376ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHy4X-JDYPRPXsXw5DrJcaw_8JyhAPublic at odds with parties over deficit/a font size=-1 color=#6f6f6fnobrNew Zealand Herald/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-2fd=Rurl=http://tvnz.co.nz/view/page/536641/2184525cid=1254644376ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGktMomcAw1_4b3nPLa0eSI6465MABrash has recipe for recovery/a font size=-1 color=#6f6f6fnobrTVNZ/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254644376hl=ennobrall 211 news articles/nobr/a/font/div/font/td/tr/table

Some real differences on carbon taxes . . . - Vancouver Sun

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.canada.com/vancouversun/news/business/story.html%3Fid%3Df867a11a-be0d-411e-833f-355d7644afa0cid=1256409194ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNF9sfJmxhvBNyJ2lOXhpmhRcRMOegSome real differences on carbon btaxes/b . . ./abrfont size=-1font color=#6f6f6fVancouver Sun,nbsp; Canadanbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1The carbon btax/b issue -- or, more broadly, carbon pricing -- should be a key focus of debate in the federal campaign. It#39;s the one btax/b policy area where b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-1fd=Rurl=http://www.thestar.com/FederalElection/article/513650cid=1256409194ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNFN71iXPqlSlIt75LbQjwpIzRSzFQRating the parties#39; plans to put a price on carbon/a font size=-1 color=#6f6f6fnobrToronto Star/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256409194hl=ennobrall 4 news articles/nobr/a/font/div/font/td/tr/table

Tax experts suggest ways to close $300 billion gap - The Associated Press

The Problem With Tax-Exempt Health Insurance - New York Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/7i-0fd=Rurl=http://www.boston.com/news/politics/2008/articles/2008/10/09/report_both_candidates_increase_health_coveragecid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNESnfyyN2TPTm4dWZv4TTod3065SQimg src=http://news.google.com/news?imgefp=ABO7kvmnubcJimgurl=cache.boston.com/resize/bonzai-fba/AP_Photo/2008/10/09/1223526034_7510/539w.jpg width=80 height=79 alt= border=1brfont size=-2Boston Globe/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://campaignstops.blogs.nytimes.com/2008/10/10/the-problem-with-tax-exempt-health-insurance/%3Fref%3Dopinioncid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHUca5lTpTLmipzmkfIrbK4U4lJvAThe Problem With bTax/b-Exempt Health Insurance/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1By Ezekiel Emanuel In this installment of Health Care Watch, Stuart M. Butler and Ezekiel Emanuel talk about what the candidates are saying about btaxes/b and b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-1fd=Rurl=http://www.youtube.com/watch%3Fv%3DerspfMkqLN4cid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGP9VR7JTj-Jp4eucc9QL6yjndBTgVideo: McCain, Obama Differ Dramatically on Health Care/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/erspfMkqLN4/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/erspfMkqLN4type=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-2fd=Rurl=http://blogs.tnr.com/tnr/blogs/the_plank/archive/2008/10/06/mccain-i-m-not-raising-taxes-i-m-cutting-medicare.aspxcid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEP4Ghxaaj9dOCGyxTusu8a_EWaTgMcCain: I#39;m Not Raising bTaxes/b. I#39;m Cutting Medicare!/a font size=-1 color=#6f6f6fnobrThe Plank on TNR.com/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-3fd=Rurl=http://www.hattiesburgamerican.com/article/20081010/OPINION01/810100369cid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHC9f-0vhTVc1kekM9Equ3X2aKCoAWatch McCain speak for himself/a font size=-1 color=#6f6f6fnobrHattiesburg American/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/7-4fd=Rurl=http://www.kaisernetwork.org/daily_reports/rep_index.cfm%3FDR_ID%3D54846cid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEREQqs9ikShbyWLiwmcHPOuMcVJgnobrKaiser network.org/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/7-5fd=Rurl=http://www.galen.org/component,8/action,show_content/id,68/category_id,0/blog_id,1095/type,33/cid=1252219486ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEF9RbsiS4bzvrH5ZOePkqi-SYp3gnobrGalen Institute/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1252219486hl=ennobrall 1,350 news articles/nobr/a/font/div/font/td/tr/table

Oakland split over raising taxes for more cops - San Francisco Chronicle

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/09/BA5B13DUSA.DTLcid=1256067753ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHADyMnCb0NVPuPu6KnMu643MMEAQOakland split over raising btaxes/b for more cops/abrfont size=-1font color=#6f6f6fSan Francisco Chronicle,nbsp; USAnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-14 ballot that would boost the size of the police force by raising property btaxes/b, with supporters saying more money is direly needed to fight crime while b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-1fd=Rurl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/10/BA5113F4LB.DTLcid=1256067753ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHkOrKqmqB58gaEyftp8KKN3XgZSQOakland weighs cutting police overtime/a font size=-1 color=#6f6f6fnobrSan Francisco Chronicle/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256067753hl=ennobrall 8 news articles/nobr/a/font/div/font/td/tr/table

Don’t raise taxes - Buffalo News

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/9i-0fd=Rurl=http://www.abcnews.go.com/TheLaw/Economy/wireStory%3Fid%3D5991550cid=1255823033ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEjfElFrAIsCmtrZ4R0O3xJh5DFjwimg src=http://news.google.com/news?imgefp=YoJpSGJsACMJimgurl=a.abcnews.com/images/Politics/tax_fraud_081009_mn.jpg width=80 height=60 alt= border=1brfont size=-2ABC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.buffalonews.com/149/story/459635.htmlcid=1255823033ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNEef-gaCbA4DSLeMs461MxmOWYAngDon’t raise btaxes/b/abrfont size=-1font color=#6f6f6fBuffalo News,nbsp; United Statesnbsp;-/font nobr22 hours ago/nobr/fontbrfont size=-1If the hint from the administration of Erie County Executive Chris Collins that a property btax/b hike may be in the offing for 2009 is just a trail balloon, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://ap.google.com/article/ALeqM5hIK6KCg908gehZTEDOQCbHnauzOwD93MSISO0cid=1255823033ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNGcQQOfRDXbvEsd24lUhfImvwYoMQStates to zero-in on btax/b cheats as economy sags/a font size=-1 color=#6f6f6fnobrThe Associated Press/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-2fd=Rurl=http://money.cnn.com/2008/10/09/news/economy/states_feel_the_pain/%3Fpostversion%3D2008100906cid=1255823033ei=k3_wSJP-L4HI9ATgxI27Bwusg=AFQjCNHMs-KF_Dr3blYAjG44FLaKWGVj3QFor states, it#39;s #39;worst-case scenario#39;/a font size=-1 color=#6f6f6fnobrCNNMoney.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255823033hl=ennobrall 229 news articles/nobr/a/font/div/font/td/tr/table

Taxes - Google News

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