The Massachusetts Form M-4868, serving as an Application for Automatic Six-Month Extension of Time to File Massachusetts Income Tax Return, plays a critical role for taxpayers who find themselves unable to complete their state tax returns by the original deadline. By filing this form, individuals are granted an additional six months to file their taxes without incurring late filing penalties, under the condition that they estimate and pay any owed taxes upfront. Detailed within the form are sections that guide users through calculating their expected tax liability, accounting for tax withholdings, estimated tax payments, and any applicable credits that could reduce the amount owed. It's important to note that while this extension postpones the filing deadline, it does not extend the payment due date for any taxes owed, necessitating careful financial planning to avoid interest and penalties. Further highlighted are the eligibility conditions for electronic filing, specifying scenarios such as owing no tax or making a payment of $5,000 or more, wherein electronic filing becomes mandatory. This underscores the Massachusetts Department of Revenue's shift towards digital processes, aiming to streamline the submission and processing of tax-related documents. Through Form M-4868, taxpayers are afforded flexibility, yet they are also reminded of their responsibilities to accurately estimate and remit any taxes due to ensure their extension is valid.
| Question | Answer |
|---|---|
| Form Name | Mass Form 4868 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | 2012, PTIN, TIR, 1-NR |
Form
2012
Massachusetts
Department of
Revenue
For the year January |
ending |
Tentative Return
1 Total tax you expect to owe for 2012 (Form 1, lines 28 and 33 (if applicable); Form
7Amount due. Subtract line 6 from line 1; not less than “0.” Pay in full with this application. Note: If “0,” see below for information regarding automatic extensions. Payments of $5,000 or more must be made electronically. If you are making a payment of less than $5,000, you also have the option of filing Form
more information. Be sure to detach Form
Automatic Extension Granted if 100% Tax Due is Paid by Tax Return Due Date
If line 7 is “0” and 100% of the tax due for 2012 has been paid through: withholding; timely estimated payments of tax; credits from your 2012 return; or a refund from the prior tax year applied to the current year’s tax liability, you are no longer required to file Form
Filing Your Extension Electronically
If you owe no tax or you are making a payment of $5,000 or more, you are required to file your extension and make any payment electron- ically. If you are making a payment of less than $5,000, you also have the option of filing your extension electronically. If there is a tax due with your extension, payment can be made through Electronic Funds Withdrawal.
Visit www.mass.gov/dor to file via the Web.
Note: Instructions for Form
5 DETACH HERE (if making a payment) 5
Massachusetts Department of Revenue
Social Security number |
Spouse’s Social Security number |
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Period end date |
Amount enclosed (from above) |
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Taxpayer’s name |
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Check which form you plan to file: |
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Form 1 |
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Taxpayer’s address |
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Write your Social Security number(s) on lower left corner of check. Return this voucher with check or money order payable to: |
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CommonwealthofMassachusetts.Mail to: MassachusettsDepartmentofRevenue,POBox7070,Boston,MA02204. |
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Sign here. Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete.
Your signature |
Signature of paid preparer |
Date |
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Employer Identification number of paid preparer |
Social Security number or PTIN |
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0140 104 1
Form
Who Should File This Form
This application is used by individuals to request an automatic six- month extension of time to file their Massachusetts income tax re- turn. This form may also be used to extend the time to file your indi- vidual use tax if you elect to report use tax on your personal income tax return. This is the only application needed to request a
Automatic Extension Granted if 100% Tax Due is Paid by Tax Return Due Date
If line 7 is “0” and you meet criteria set forth in TIR
Note: If line 7 is “0” or you are making a payment of $5,000 or more, Form
When to File This Form
Form
Required Payment
This application must be accompanied by payment of any tax esti- mated to be due. The extension will be considered void if 80% of the total tax liability is not paid on or before the original due date of the re- turn. Void extensions are subject to penalty and interest charges from the original due date.
Penalties and Interest
Any portion of tax not paid on or before the due date of your return is subject to a late payment penalty of 1% per month of the tax due, up to a maximum of 25%. Returns not filed on or before the due date are subject to a late file penalty of 1% per month of the tax due, up to a maximum of 25%. Interest will also be charged on any tax not paid on or before the original due date.
Filing Your Income Tax Return
Your income tax return may be filed at any time within the
Retain the top portion of this application for your records.
Note:You must detach Form
If you and your spouse file a joint Form
If you and your spouse file a separate Form
Termination of Extension
The Massachusetts Department of Revenue (DOR) may terminate an automatic extension at any time by mailing a notice of termination to the taxpayer(s) or to the person who requested the extension for the taxpayer(s). The notice shall be mailed at least ten days prior to the termination date designated in the notice.
Where to File
Mail your completed extension form with any payment due or a copy of your federal extension form to: Massachusetts Department of
Revenue, PO Box 7070, Boston, MA 02204.
Write your Social Security number(s) on the lower left corner of your check. Make your check or money order payable to the Common- wealth of Massachusetts.