Tax season ends every year around April 15th, but you may not be ready to file by the deadline.

No worries — if you can’t file on time, everyone is entitled to an automatic 6 month extension. All you need to do is apply, using Form 4868.

If you fail to file either your return or an extension, your return, whenever you file it, will be late. And late returns are subject to penalties, which can be steep.