Category Archives: Efile an Extension tax

E-file Form 7004: Postpone Business Tax Return Deadline!

IRS Form 7004, officially known as the “Form 7004 – Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns,” is a request for an automatic extension of time to file certain business tax returns. The deadline to file a Business Tax Extension is March 15th. The extension will be granted by the IRS if the business:

Complete IRS Form 7004 properly
Make a proper estimate of the tax (if applicable)
File the form by the due date of the return to which the Form 7004 applies,
Pay any tax that is due.

An IRS Form 7004 can be submitted to automatically extend the filing deadline for 32 different IRS returns. The IRS grants automatic extensions of six (6) months, on the return for which the extension is filed. The eligible returns and length of automatic extensions are listed below: Continue reading →

One Last Week Left to E-file your Extension Form 4868!

more time Time just flies away! It just feels like yesterday when we all gave a warm welcome to 2017, but it’s already 100 days old. Today is the 101^st day of the year 2017. 2017 is not only 100 days old but your Personal Income taxes are due in a week’s time. This is also the 15^th week of the Year 2017 and today is the 15^th Tuesday of 2017. Exactly in a week’s time that is the 16^th Tuesday of 2017 you have to file & pay your Personal Income Tax. If not you are not really going to enjoy the rest of the year.

Thanks to the upcoming weekend that pushes the Tax Day to April 18^th, for all those Law Abiding Tax payers out there, breaking your heads because of unavailability of adequate paper work to file your personal Income tax. IRS has a gift waiting, which you can claim by E-filing Form 4868. As soon as you file your Form 4868 you will be gifted with 6 more months of time to file your Personal Income Tax. Continue reading →

Claim Extension of Time online to file your Income Tax

Exempt Organisations across USA file their income tax returns on 990 series of forms based on the type of business they are into. It is not at all unusual for an organization to need an extension of time to file their Form 990. Sometimes the annual audit isn’t finished, sometimes the CPA is too busy, sometimes the financial records are not yet in order. Whatever the reason, the first extension request is automatically granted. But you still have to file the extension request form on or before the due date of the Form 990. If you are one day late filing the extension request, it is not valid and the IRS will charge a penalty each day the Form 990 is late.

If you have claimed extra time and still you need of some more time to complete your returns you can claim Form 8868 well with in 15th of August.

Get Extra Time!

Check out the due dates for Exempt Organisations as Corporations and Trust

You cannot ask for 6 months with the first extension. You only get 3 months per request, for a maximum of 6 months. This is the time to file your 2nd request with the IRS. Part 2 of Form 8868 is used to request an additional 3 month extension. You’ll need to give a reason.

If your organization is required to file Form 990-T because it has Unrelated Business Taxable Income, and if you need an extension of time to file Form 990-T, you must file a SEPARATE Form 8868 for the 990-T.

You only need to apply for one extension for the 990-T because the extension that pertains to the 990-T is for 6 months.

Business Tax Deadlines are Right around the corner

The deadlines for businesses are coming up really soon, and if you still need to get all your information together, you should invest in a business tax extension and receive more time to file. A filing extension is automatic – you get it simply by asking the IRS for it.

But you must file the request for an extension by the deadline you’re expected to meet for filing your return – not to mention that different types of businesses have different due dates and extension periods. Check the following to see which deadline applies to you. Continue reading →

Tax filing Time Extended for all Boston Residents and the Affected Individuals – The IRS

The Boston Marathon explosions have left a strong impact on the lives of people that were a part of it. Usually conducted on the third Monday of April i.e., on the Patriots’ Day it is one of the world’s best racing events well participated and viewed by people from various parts of the country. This year the racing event ended with much distress and agony after the two explosions that occurred near the finishing line. However, as a sigh of relief, the Internal Revenue Service has extended the tax filing time to 3 months for taxpayers residing in the Boston area and those affected by the explosion.

The announcement made by the IRS about the automatic extension of the tax filing date by three months can bring in some relief to the taxpayers who have been affected by the twin explosions in Boston Marathon. This tax extension of three months applies to taxpayers residing in Boston, as well as in and around the city such as Suffolk county and Mass. Moreover, the increase in the tax deadline even applies to the sufferers, their family members, casualty providers, and everyone who have been a part of the disaster. Taxpayers can visit IRS.gov for additional information about the automatic extension of the tax filing date.

It is surely heart touching to see the aftermath caused during the Boston Marathon on April 15^th, 2013. The now IRS acting commissioner, Steven T. Miller has also expressed his grief towards the affected individuals, therefore, have decided to give them an additional three months time for filing their tax returns. Therefore, taxpayers concerned about paying taxes can stay relieved by the announcement made by the IRS. In simple words, taxpayers are not subjected to any dues or penalties if they file their tax returns before July 15^th, 2013.

Individuals residing in Suffolk County are not required to take any action, as this rule automatically applies for them. However, individuals residing outside the Suffolk County should call the IRS @ 1-866-562-5227 before April 23^rd to know if they are eligible for the relief declared. Additionally, taxpayers who have received a penalty notice can call the IRS to enquire about the same. Moreover, they always have the option to e-file for tax extension by July 15^th, 2013 and get an extension up to 6 months. We at ExtensionTax.com have developed a user-friendly e-filing system that can help taxpayers file tax form 4868 from the comfort and convenience of their house. Reach us @ 1-866-245-3918 for any queries or suggestions.