Are there any specific guidelines for requesting an IRS extension for cryptocurrency tax filings?
Muhammed SulemanJan 11, 2025 · 10 months ago3 answers
What are the specific guidelines for requesting an IRS extension for filing cryptocurrency taxes?
3 answers
- NJASOMO AGNESMay 30, 2025 · 5 months agoYes, there are specific guidelines for requesting an IRS extension for filing cryptocurrency taxes. According to the IRS, taxpayers can request an extension by filing Form 4868. This form allows individuals to extend their filing deadline by up to six months. It's important to note that an extension to file does not grant an extension to pay any taxes owed. Taxpayers are still required to estimate their tax liability and pay any taxes owed by the original due date.
- SaritahahaJul 25, 2025 · 4 months agoAbsolutely! If you need more time to file your cryptocurrency taxes, you can request an extension from the IRS. To do this, you'll need to fill out Form 4868, which is the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. This form will give you an additional six months to file your taxes. However, it's important to remember that an extension to file does not mean an extension to pay. You'll still need to estimate your tax liability and pay any taxes owed by the original due date.
- Curran MillerMar 14, 2025 · 8 months agoSure thing! When it comes to requesting an IRS extension for cryptocurrency tax filings, you can use Form 4868. This form allows you to extend your filing deadline by up to six months. However, keep in mind that an extension to file does not mean an extension to pay. You'll still need to estimate your tax liability and pay any taxes owed by the original due date. So, if you need more time to get your cryptocurrency taxes in order, make sure to submit Form 4868 to the IRS.
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