Form 1127

Form 1127

A form one files with the IRS to request an extension of the time to file taxes due to an economic or other hardship. Form 1127 is used only if the extension of time is used to pay the full amount owed. It is not used to request a monthly installment plan.
References in periodicals archive ?
If a practitioner believes a client meets the hardship criteria, he or she should file Form 1127, Application for Extension of Time for Payment of Tax Due to Undue Hardship.
If the taxpayer cannot pay because of undue hardship (such as medical reasons or a death in the family), he or she may want to think about filing Form 1127, requesting an extension of time to pay.