Tax returns are duty today for those who filed for an automatic four-month extension by April 15 on Form 4868, unless they obtain a discretionary extension by filing Form 2688 today and give an "adequate explanation" for why they need an additional two months (to October 15, 2005) to file. As blogged here, the IRS has released a Draft of Form 4868 for 2005 returns, which provides for an automatic six-month extension to October 15, 2006. The new Form 4868 will take effect if the regs are changed in time for the 2005 filing season.



