Category Archives: efiling Efile 4868

Buy More Time to File your Personal Income Taxes by Efiling Form 4868!

Tax-ExtensionTime and tide waits for no one but you can make your Personal Income Tax filing Deadline wait for 6 months by simply E-filing Form 8468 through www.Extensiontax.com .IRS form 4868 is officially termed as the “Application for Automatic Extension of Time to file U.S Income Tax Return”.  This is a tax extension form designed for individuals filing for income tax to the IRS. Any individual has the benefit of getting a tax extension for the tax form listed below:

 

  • Form 1040
  • Form 1040A
  • Form 1040EZ
  • Form 1040NR
  • Form 1040NR-EZ

Form 4868: Continue reading →

Form 8868- Application For Extension Of Time To File An Exempt Organization Return

Paying taxes is one of the core responsibilities we hold towards our nation. Few of the tax form come along with an extension form, which provides you with extension of time to file your return. This extension form comes in for your rescue when you are no ready with your paper work.

When it comes to government and exempt organizations, we had always assumed they are free from paying taxes as they belong to the Government and they really have nothing to do with taxes. However, that’s not the truth. Though exempt organizations are non-profitable, they have to file taxes through the following form. Continue reading →

What Happens When The Extended Due Date For Form 4868 Is Over?

It’s been a long time since we really updated anything at ExtensionTax.com. However, it is time for a new update. We are going to talk about form 4868 and the consequences faced if you miss filing the tax return form 4868.
As you know, the last date for filing an extension for form 4868 is April 15th of the calendar year, and you get 6 months of extended time to file your return. Your return would not be counted late as long as you submit your income tax papers by October 15th.
The extended time is to get your paper work in place, not to pay your dues. When you are transmitting your extension form via ExtensionTax.com, you need to pay your dues to the IRS, and transmit your return to the IRS. However, IRS would not send you confirmation regarding accepting your extension; however, IRS would get in touch with you if the extension is rejected.
Before we drop into the penalties and interest, let’s touch the basics first. Continue reading →

Extend Your Corporate Tax Return Due Date By Filing Form 7004

It so happens that each time when tax due date is nearing; we have no time in hand to sit and categorize our documents in order to report tax to the IRS. And when we know the heavy penalties included, none of us would take a chance to file the form a day later. And that is the main reason, IRS have considered the same and introduced form 7004 as an application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.

Deadline for Form 7004
Due date for filing an automatic 5/6 month extension for your business is always on March 15th. Normally the due date for the corporate income tax return always falls on the 15th day of the third month. But for this year, the deadline for filing your return is March 16th as the date March 15th falls on a weekend, so the deadline is pushed to the next business day, which is Monday, March 16th.
Forms that apply for corporate tax returns are Forms 1120, 1120A and 1120S. Form 1120 is for the C-corporations for filing a tax return. Form 1120A is a shorter version of Form 1120 used by corporations for filing a tax return, Form 1120S is used by S-corporations(domestic corporation selected to be taxed as a corporation) to report the income gained, losses, deductions, credits etc. 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 15th, 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 15th, 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 23rd 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 15th, 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.