Category Archives: Form 7004

Form 7004 related posts

Can’t Meet April 18 Deadline? File Extension.

www.tax4868.com

WASHINGTON — Are you unable to complete and file your federal individual tax return by the April 18 deadline? If so, you can request an extension of time to file, which will automatically give you until Oct. 17, 2011, to submit your tax return to the Internal Revenue Service.

An extension gives you an additional six months to file your tax return. But keep in mind that an extension of time to file is not an extension of time to pay. All outstanding balances are due on April 18, 2011.

The IRS expects to receive approximately 10 million extension requests in 2011, which is about the same as last year.

Numerous Ways to Get an Extension

In order to get an extension, you need to file Form 4868 with the IRS.

Taxpayers can electronically file Form 4868 through IRS Free File or Free File Fill-able Forms. Using Free File to prepare and electronically submit Form 4868 is free to everyone, regardless of income.

Paid preparers can also electronically file Form 4868 as can tax software that you run on your computer.

Finally, a paper version of Form 4868 is available for download from IRS.gov. However, the IRS will only provide an acknowledgment of your extension request if you e-file or Free File the request.

When you request an extension, you need to estimate your tax liability and pay any balance due by the April 18 deadline. If you are unable to pay the total balance due, you should pay as much as possible and apply for an installment agreement.

Get easy 6-month extension for filing federal individual tax return @ www.extensiontax.com

For any further support Call Help Desk at 1-866-245-3918 or simple email to us at support@extensiontax.com.

IRS Tax Extension: e-file Federal Form 4868 Tax return

Steps to Take to File for an Extension on your Tax Return

Identify BEFORE April 15th that you need to request an extension to file your taxes.
Visit the official IRS e-file supporter website and complete the Automatic Extension Form (4868) electronically. The website provides information on the tax deadlines, forms and instructions for completing necessary tax return information.
You will be required when you file to make a payment in full of the approximate amount that you owe as determined by your rough draft of the tax return. This amount can be paid either by credit card online or by check in the mail. Either method must be filed by midnight on April 15th to not be considered a late return.
After you request your extension, ensure that you file your final tax return within 6 months of requesting the extension.

Why www.ExtensionTax.com?

ExtensionTax.com is a premier efile service provider in the Tax Industry and it is the professional way to efile any extension tax returns with IRS.

Get easy 6-months tax extension to file your personnel income tax returns.
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Get instant “TEXT Alert” on status of your return.
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Receive an email confirmation once your extension is IRS Approved.
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Implications to Consider when Filing for an Extension

Filing for an IRS extension is simply a request to the IRS asking them to grant you more time to file your tax return.
Most taxpayers who file for an extension are approved for this if they follow the tax calendar deadlines provided by the IRS.
Remember that being granted an extension to file does NOT mean you have been granted an extension for the payment owed to the IRS.
A payment on the estimated balance owed must be made at the time your extension is filed.
If you do not make a payment with your request for an extension you may avoid the penalty for late filing but will be responsible for the interest rates associated with your late tax bill.
Taxpayers who are requesting an extension should be prepared to pay at least 90% of the amount that they will estimate to be due for the year at the time that the extension request is filed with the IRS. This estimated amount is for the current tax year.
If you owe money to the IRS for back taxes you will be required to pay your tax bill in full by tax day, April 15th. This is true regardless of the extension.
Late tax payments are subject to penalties and interest on the outstanding balance.
The penalty for failing to file taxes by the deadline is 5% per month up which caps at 25% of the entire balance owed.
The penalty for failure to pay your taxes is 0.5% per month in addition to a monthly charge for interest on the balance owed when taxes have been filed.

The Bottom Line

The tax laws and the business of preparing and filing taxes can be overwhelming. Avoiding the process can have serious consequences that can impact you for years to come. Taxes are expensive enough but failing to file and pay on time can add thousands in fees and penalties to your tax bill.

As a taxpayer you can avoid paying more than you have to by following the rules of the IRS and realizing ahead of time when filing for an extension may be in your best interest. The bottom line is that everyone who owes taxes will be required to pay them. Following the tax calendar and the rules of the IRS will eliminate the penalties and interest associated with outstanding tax balances.

E-file an Extension for your Business and Individual Tax returns at ExtensionTax.com. For any further support and queries please call Help Desk 1-866-245-3918 or email to support@taxexcise.com

March 15, 2011 due date

March 15th, Deadline for corporate tax returns (Forms 1120, 1120A, and 1120S), or to request automatic 6-month extension of time to file (Form 7004).

Final deadline to file an amended corporate tax return (Form 1120X) for tax year 2007 and still claim a tax refund.

Efile Form 7004 through http://www.ExtensionTax.com for just $9.99 and get easy 6-month extension of time to file certain Corporate Income Tax form 1120, 1120A, 1120 S.

Corporations to E-File for an Extension by March 15…

The Internal Revenue Service reminds certain corporations with assets of $10 million or more and whose tax year is the calendar year to e-file their returns or file for an extension by the March 15 filing deadline. Corporate taxpayers who chose to request extensions are encouraged to submit their requests electronically through www.ExtensionTax.com.

“We are seeing significant increases in the number of electronically filed corporate tax returns due to the e-filing requirement for certain corporate taxpayers, the availability of enhanced electronic filing software, and the benefits realized by corporate taxpayers,” “E-filing brings increased efficiencies to the IRS which will ultimately benefit all taxpayers.” said IRS

More than 22,000 large and mid-sized corporations with assets of $10 million or more that file at least 250 federal returns each year, such as Form W-2 and Form 1099, are now required to file electronic returns. Businesses which operate on a calendar year rather than a fiscal year basis must file their returns for the previous year or efile an application for an extension by March 15. A corporate taxpayer who e-files an application for an extension using Form 7004 will receive immediate acknowledgement of that request and whether it has been accepted or rejected.

What for you are waiting? efile an tax extension Form 7004 today at www.ExtensionTax.com and get immediate acceptance.

Why www.ExtensionTax.com?

ExtensionTax.com is a premier efile service provider in the Tax Industry and it is the professional way to efile any extension tax returns with IRS.

Get easy 6-months tax extension to file your personnel income tax returns.
Simple and Easy steps, complete an extension tax in 3 simple steps in minutes.
Get instant “TEXT Alert” on status of your return.
IRS certified efile partner for Extension Tax Forms
Receive an email confirmation once your extension is IRS Approved.
No Penalty to Filing an Extension.
Manage multiple businesses/personnel extension tax returns in one single Account.
Do a Tax Extension from anywhere, anytime. 99% of Tax Extensions filed through us were accepted by IRS.
Simple, Safe and Secured to do it with www.ExtensionTax.com

Email us at support@extensiontax.com or call us at 1-866-245-3918 [Toll Free]

Form 7004 – Extension form for Business Income Taxes.

What is Form 7004?

It’s the IRS’ form for business tax extensions, officially called “Form 7004: Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.” It’s used to request an automatic extension of time–usually five to six months–to file your taxes. Form 7004 does not extend the time for payment of tax.

Why file Form 7004?

Use Form 7004 to request an automatic extension of time–usually five to six months–to file your taxes. Form 7004 does not extend the time for payment of tax. The payment of any balance due on line 8 of Form 7004 is required by the due date of the return.

When to file Form 7004?

That depends on the tax return. Corporations operating on a normal calendar year for tax purposes must file for their tax extension by 11:59 p.m. on March 16. Partnerships, LLCs and sole proprietorships must file by 11:459 p.m. on April 15.