EXERCISE 12.1: WEB QUEST

Not ready to file your tax return by April 15? File for a tax extension and postpone filing your tax return until mid August. File Form 4868 by April 15 and send a check for an estimate of the tax you owe to avoid penalties.

To learn more about filing for a tax extension:

Step 1: Learn more about filing for a tax extension at the IRS web site: www.irs.gov.

Step 2: Print Form 4868 and instructions for filing a tax extension for a personal 1040 return and Schedule C.