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Last Minute Payments and Filing Tips

Article Highlights:

  • Filing an extension
  • Extension is for filing, not paying any tax due
  • Installment agreements
If you are up against the April tax filing deadline and still need some information to complete your tax return, you can obtain a six-month automatic extension to file your 1040.

The filing extension will give you extra time to get the paperwork together, but it does not extend the time to pay any tax due. You have to make an accurate estimate of any tax due and pay at least 90% when requesting an extension. Interest will be owed on any amounts not paid by the April deadline.

If your return is completed but you are unable to pay the tax due, do not request an extension. File your return on time and pay as much as you can. The IRS will send you a bill or notice for the balance due and will only charge interest and penalties on the unpaid balance.

If you cannot pay the full amount due with your return, you can ask the IRS to let you make monthly installment payments for the full or partial amount you owe by requesting an installment agreement.

The foregoing is only an overview of the options available to you and discusses the problems that may arise if you don’t file and pay your tax by the April 15 due date.

If you are unable to file or pay on time, it is important to contact this office prior to April 15 so you can take the appropriate steps to mitigate penalties and interest.


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TAX DRx at a Glance

Our expertise is widespread and we have multiple office locations to make it convenient for you to get help. You can find us at:

TAX DRx Corporate Headquarters

502 Centennial Ave
Cranford, NJ 07016

(Grd St Pkwy - Ext 136)
(877) 263-1041

NYC - Harlem Franchise Office

2123 Frederick Douglass Blvd
New York, NY 10026

(8th Ave & 115th St.)
(Subway B, C, Bus M3)
(877) 263-1041

TAX DRx - Hillside

*Charles Dort, Managing Partner*
1568 Maple Ave, Store #1
(Corner of Conklin Ave)
Hillside, NJ 07205
(877) 408-1048

TAX DRx, dba/ TaxJohn

TaxJohn Tax Services
121 Park Ave
Plainfield, NJ 07060