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    texas2007's Avatar
    texas2007 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 5, 2008, 10:35 AM
    First Year Choice: April 15th?
    I am going to utilize the First Year Choice for myself and my spouse in the month of June 2008, when I will meet the SPT.
    By April 15th, I have to file 4868 for extension and "any" due taxes? My question is, how do I determine the "due" taxes before Apr 15th? Can I use form 1040 and online tools like TurboTax with option Married Filing Jointly for the whole year 2007? In that case, I have NO taxes due but a huge refund. So, should I take that amount for my filing before April 15th?

    Please let me know.
    Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 18, 2008, 12:43 PM
    If you determine that you are due a refund using TurboTax, then file Form 4868 with NO tax due.
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