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What happens if you can’t finish your tax return by its April 15th due date ?
Answer:
You are entitled to an automatic extension until October 15 by filing form 4868. An extension to file is not a extension of time to pay.
By filing an extension, you avoid the late filing penalty, but will have penalties on any money you owe after April 15. (April 17, 2012)
By filing an extension, you avoid the late filing penalty, but will have penalties on any money you owe after April 15. (April 17, 2012)

Interested in more Late Filing Questions?
- What are the IRS Underpayment Rates for 2013
- How is the IRS late filing penalty interest calculated ?
- Penalties and interest for paying and filing taxes after the due date
- Late penalty if expecting a refund and have not filed my tax return and the deadline has passed ?
- Is the tax return considered timely filed if received on the day it was postmarked or the day the IRS received it ?