Automatic Extension

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Definition: Automatic Extension

Automatic Extension
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Full Definition of Automatic Extension

Additional time given to taxpayers for filing a tax return. An automatic extension lasts for up to six months, and is granted to an individual taxpayer who completes Form 4868 by April 15th. Corporations and partnerships must complete Form 7004. The extension gives the taxpayer more time to file, but still requires the taxpayer to pay estimated taxes by April 15th.

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https://payrollheaven.com/define/automatic-extension/
Modern Language Association (MLA):
Automatic Extension. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/automatic-extension/.
Chicago Manual of Style (CMS):
Automatic Extension. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/automatic-extension/ (accessed: April 19, 2024).
American Psychological Association (APA):
Automatic Extension. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/automatic-extension/

Definition Sources

Definitions for Automatic Extension are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.