Form 4768

Form 4768

A form that one files with the IRS in order to ask for a six-month extension of time to file Form 706, which is the estate tax return, and other forms in the 706 series. The first extension is granted automatically. The form may also be used to apply for additional extensions, though these are granted on a discretionary basis.
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An executor can file Form 4768, Application for Extension of Time to File a Return and/or Pay U.S.
The extension is requested by filing Form 4768, and the IRS advises taxpayers to include on this form an explanation for why they had good cause for failing to meet the deadline (the client will also be required to file Form 706).
The court looked at other factors to determine the estate's intent and concluded that three circumstances indicated that the estate intended to make a partial estate tax payment: (1) the careful estimate of the estate tax liability and the amount of the remittance by the estate's accountant; (2) the manner in which the accountant completed Form 4768, Application for Extension of Time to File a Return and/or Pay U.S.
Estates that need more than nine months to complete the 706 estate tax return and are considering portability should file a Form 4768 to request a filing extension.
This section provides that Form 4768 should be filed sufficiently early to permit the IRS time to consider the matter and reply before what otherwise would be the due date of the return.
* Form 706 is normally due within nine months of the date of death, with a six-month automatic filing extension available by filing Form 4768, Application for Extension of Time to File a Return and/or Pay U.S.
* A separate section of federal Form 4768 must be completed to request an estate tax payment extension;
Thus, the court further held that an application for a second extension made on an altered Form 4768, Application for Extension of Time to File a Return and/or Pay U.S.
He altered a standardized Form 4768 by hand to request an additional six-month extension to Oct.
An extension of time to file and time to pay for an estate are both granted on Form 4768, Application for Extension of Time to File a Return and/or Pay U.S.
20, a regulation was proposed to allow an automatic six-month extension if Form 4768 is filed by the return's original due date and includes an estimate of the full tax due.
* A payment extension request requires completion of a separate section of IRS form 4768.