Automatic extension

Automatic Extension
Automatic Extension definition :
An automatic extension of time granted to a taxpayer to file a tax return.
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automatic extension
granting of more time for a taxpayer to file a tax return.

AUTOMATIC EXTENSION - A clause in a listing agreement that states that the agreement will continue auto...
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Automatic extension
An automatic extension of time granted to a taxpayer to file a tax return.
Automatic funds transfer
A transfer of funds from one account or investment vehicle to another using electronic or telecommunications technology.

An automatic extension of time granted to a taxpayer to file a tax return.
Automatic funds transfer ...

Remember, the automatic extension only applies to the filing of your return, not to the payment of any tax that may be due. You must pay any tax that is due by April 15th, or you may be subject to interest and penalties on the overdue taxes.

Note: The automatic extension applies only to those deductions attributable to the activity and to any deductions (such as medical expenses or charitable contribution deductions) that are affected by changes to AGI.

See also: Due date, Administration, Expense, Tax deduction, Banks