Here are the necessary steps to file for a tax extension for your tax returns. This will give us an additional six months to file your taxes with the new deadline being October 17, 2022.
IMPORTANT: An extension to file is NOT an extension to pay. Any income taxes that your owe are due on or before the original due date regardless of an extension to file. For tax year 2021, the due date is April 18, 2022.
Federal Taxes:
- Extension Form: Form 4868 (Application for Automatic Extension of Time To File U.S. Individual Income Tax Return)
- If you owe money: Complete Form 4868 and mail it in along with your estimated tax liability before the deadline
- If you are due a refund: Complete Form 4868 and mail it in before the deadline
- The IRS also provides the following resources of Free File software companies that allow you to prepare and e-file an extension for free.
California Taxes:
- Extension Form: FTB 3519 (Payment for Automatic Extension for Individuals)
- If you owe money: Complete FTB 3519 and mail it in along with your estimated tax liability before the deadline
- If you are due a refund: NOTHING needs to be done. California grants an automatic six-month extension.
California LLC Taxes:
- Extension Form: FTB 3537 (Payment for Automatic Extension for LLCs)
- If you owe money: Complete Form FTB 3537 and mail it in along with your estimated tax liability (usually $800) before the deadline
- If you are due a refund: NOTHING needs to be done. California grants an automatic six-month extension.
Be sure to keep track how much money you send in with your extension, so we can claim it back as a payment made towards 2021 taxes.