What is Form 4768?
Form 4768 is the Application for Extension of Time To File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes. This form is important because it allows executors of an estate extra time to prepare the necessary tax returns and make payments. Filing this form helps avoid penalties for late submissions, ensuring that estates can manage their tax responsibilities efficiently. It’s crucial for those dealing with estate matters to understand and use this form if they need more time.
What is Form 4768 used for?
Form 4768 is used to request more time to file a return and/or pay U.S. estate and generation-skipping transfer taxes:
- to extend the filing deadline.
- to delay tax payment.
- to avoid penalties for late filing.
How to fill out Form 4768?
- 1
Open Form 4768 in the PDF editor.
- 2
Fill in your name, address, and taxpayer identification number.
- 3
Provide the decedent's information, including their name and date of death.
- 4
Indicate the type of return you are requesting an extension for.
- 5
Select the reason for the extension.
- 6
Sign the form electronically.
- 7
Download the completed form for submission to the IRS.
Who is required to fill out Form 4768?
Executors, qualified heirs, trustees, and authorized representatives must complete Form 4768 for extensions. Afterward, the form is used by the IRS to assess tax filing deadlines and payment timelines for estates.
When is Form 4768 not required?
Form 4768 isn't needed when an estate doesn't meet the IRS filing threshold for estate tax returns, which is generally for estates valued below $12.92 million for 2023.
If a taxpayer does not require extra time to file or pay taxes, requesting an automatic 6-month extension with Form 4768 is unnecessary. Instead, use Form 7004 for business income tax return extensions.
When is Form 4768 due?
The deadline for Form 4768 is typically 9 months after the date of death for the applicable return. If you need an automatic 6-month extension, you must file by this original due date.
If you didn’t request the automatic extension, you can still file for an extension for cause no later than 6 months after the original due date. Executors who are out of the country should file early enough for the IRS to review their application before the extended due date.
How to get a blank Form 4768?
To obtain a blank Form 4768, visit our platform. The IRS issues this form, and we have a pre-loaded version ready for you to complete and download.
How to sign Form 4768 online?
To sign Form 4768 using PDF Guru, first, open the form in the PDF editor by clicking on "Fill Form." After filling out the necessary information, you can create a simple electronic signature within the platform.
Once your signature is ready, place it in the designated signature field on the form. After completing this step, click "Done" to download your signed form. Always check official sources for specific signature requirements related to tax forms.
Where to file Form 4768?
Form 4768 must be submitted to the Internal Revenue Service (IRS).
Submission methods: mail, online or in-person.
