Form 1127 - Application for Extension of Time for Payment of Tax Due to Undue Hardship

Under IRC 6161, individual taxpayers and business taxpayers are allowed to request an extension of time for payment of tax shown or required to be shown on a return or for a tax due on a notice of deficiency. In order to be granted this extension, they must file Form 1127, providing evidence of undue hardship, inability to borrow, and collateral to ensure payment of the tax.

The latest form for Form 1127 - Application for Extension of Time for Payment of Tax Due to Undue Hardship expires 2022-03-31 and can be found here.