Filing Form 4868 without designating a definite payment?
can I file form 4868 without designating a payment if the tax return is still being processed and no balance due has been determined, yet?
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bXtJvwEFuqllvkab8P4pmk
04/13/09 8:39pm PDT
Viewed by asker 04/13/09 10:58pm PDT
Viewed by asker 04/13/09 10:58pm PDT
3 Replies
peterhawaii
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04/13/09 8:56pm PDT
The Form 4868 is not an extension on paying taxes. It is only an extension on date to file. You should pay a reasonable amount if he is going to owe money. and only the tax preparer can calculate the reasonable amount.
04/13/09 9:30pm PDT
the problem is I haven't completed the client's return. The figure might change with time, so I donot want the clients to pay while the tax return is incomplete.
taxiowa
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04/13/09 9:34pm PDT
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I usually have them pay about 1,000 to 2,000 more than what I expect them to owe to have them covered. Then if you get done with return soon, they can e-file and still get back overpay by early May.
