Mass Form 4868 PDF Details

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.

QuestionAnswer
Form NameMass Form 4868
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names2012, PTIN, TIR, 1-NR

Form Preview Example

Form M-4868

ApplicationforAutomaticSix-MonthExtension ofTimetoFileMassachusettsIncomeTaxReturn

2012

Massachusetts

Department of

Revenue

For the year January 1–December 31, 2012 or other taxable year beginning

ending

Tentative Return

1 Total tax you expect to owe for 2012 (Form 1, lines 28 and 33 (if applicable); Form 1-NR/PY, lines 32 and 38 (if applicable). . . . 1 2 Massachusetts income tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 2011 overpayment applied to your 2012 estimated tax (do not enter 2011 refund) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 2012 Massachusetts estimated tax payments (do not include amount in line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Credits (see Form 1, lines 29, 30 and 40 through 42; Form 1-NR/PY, lines 33 through 35 and 45 through 47) . . . . . . . . . . . . . . . 5 6 Total. Add lines 2 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

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 M-4868 electronically. See below for

more information. Be sure to detach Form M-4868 where indicated before mailing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7

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 M-4868, Application for Automatic Extension of Time to File Massachusetts Income Tax Return. However, if you do choose to file Form M-4868 in this instance, you must do so electronically, via DOR’s website. See TIR 06-21 for more information.

Filing Your Extension Electronically (E-File or via the Web)

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 M-4868 are on page 2.

5 DETACH HERE (if making a payment) 5

FormM-4868

ApplicationforAutomaticSix-MonthExtension—2012

Massachusetts Department of Revenue

Social Security number

Spouse’s Social Security number

 

Period end date

Amount enclosed (from above)

 

 

 

 

 

Taxpayer’s name

 

 

 

Check which form you plan to file:

 

 

 

 

Form 1 Full-Year Resident

 

 

 

 

Form 1-NR/PY Nonresident/

Taxpayer’s address

City/Town

State

Zip

Part-Year Resident

 

 

 

 

 

 

 

 

E-File

Write your Social Security number(s) on lower left corner of check. Return this voucher with check or money order payable to:

Composite

 

CommonwealthofMassachusetts.Mail to: MassachusettsDepartmentofRevenue,POBox7070,Boston,MA02204.

 

 

 

 

 

 

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

 

 

 

Employer Identification number of paid preparer

Social Security number or PTIN

 

 

 

 

0140 104 1

Form M-4868 Instructions

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 six-month extension of time to file. The extension of time to file does not extend the due date for payment of any tax due. Extensions are granted only upon the timely filing of the extension with any required payment amount. Certain taxpayers are required to file an application for ex- tension via DOR’s website. See the section “Filing Your Extension Via the Web” on page 1 for more information. Determine your required payment, if any, by completing the worksheet on the front of this form.

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 06-21, you are no longer required to file Form M-4868. However, if you do choose to file Form M-4868 with “0” entered in line 7, you must do so electron- ically. See page 1 for more information.

Note: If line 7 is “0” or you are making a payment of $5,000 or more, Form M-4868 and any payment must be filed electronically, either through E-File or via the Web. If you are making a payment of less than $5,000, you also have the option of filing Form M-4868 elec- tronically. See page 1 for more information.

When to File This Form

Form M-4868 is due on or before April 16, 2013, or on or before the original due date of the return for fiscal year filers. If the due date is a Saturday, Sunday, or legal holiday, substitute the next regular workday.

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 six-month extension period. When completing your return, enter the amount paid with this extension in the “amount paid with extension” line of the form you file.

Retain the top portion of this application for your records.

Note:You must detach Form M-4868 where indicated before mailing. Failure to do so may delay the processing of your extension.

If you and your spouse file a joint Form M-4868 but do not file a joint income tax return, the total automatic extension tax payment may be claimed on your separate return or the separate return of your spouse, or divided in any way. The Social Security number of both spouses must be entered on the separate returns.

If you and your spouse file a separate Form M-4868 and later elect to file a joint income tax return, enter on the extension paid line the sum of the amounts paid on the separate Forms M-4868. Be sure to enter the Social Security numbers of both spouses on your income tax return.

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.