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CompTIA PDI+ Exam Prep

Category - Enrolled Agent

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Which of the following statements is true regarding the filing of a Form 4868, Application for an Automatic Extension of Time to File, your 2004 tax return?
  1. Interest is not assessed on any income tax due if a Form 4868 is filed
  2. Form 4868 provides the taxpayer with an automatic additional 6 month extension to file
  3. Even though you file Form 4868, you will owe interest and may be charged a late payment penalty on the amount you owe if you do not pay the tax due by the regular due date
  4. A U.S. citizen, who is out of the country on April 15, will be allowed an addition 12 months to file as long as “Out of the Country” is written across the top of Form 4868
Explanation
Answer: C - Even though you file Form 4868, you will owe interest and may be charged a late payment penalty on the amount you owe if you do not pay the tax due by the regular due date.
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