IRS issues temporary regulations on automatic extensions of time to file.

• Author: Pflieger, Deborah J.
• Position: Brief Article

Under proposed and temporary regulations recently released by the IRS, individuals can receive automatic four-month extensions of time to file their income tax returns, even though they cannot pay their projected tax liability by April 15. These regulations implement and broaden the procedures discussed in Notice 93-22.

Under Temp. Regs. Sec. 1.6081-4T, an individual may obtain an automatic four-month extension of time to file without remitting the unpaid amount of any tax properly estimated to be due with the application. In addition, the temporary regulation removes the requirement that applications for an automatic four-month extension (Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) be signed. Therefore, in spite of instructions on the 1995 Form 4868 to the contrary, the Service has stated that unsigned Forms 4868 will be...