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IRS E-file

Facts about Form 8868!

The official name of the form is “Form 8868 : Application for Extension of time to file an Exempt Organization Return“.

File Your Tax Extensions Online

Form 8868 is used by an exempt organization to request an automatic 3-month extension of time (6 months for a corporation required to file Form 990-T) to file its return and also to apply for an additional (not automatic) 3-month extension if the original 3-month extension was not enough. Also, the trustee of a trust required to file Form 1041-A or Form 5227 must use Form 8868 to request an extension of time to file those returns.

You cannot apply for both the automatic 3-month extension and the additional (not automatic) 3-month extension at the same time.

Use Form 8868 to apply for an automatic 3-month extension of time to file an organization’s return, and submit the original form to the IRS (no copies are needed). Or for applying for an additional (not automatic) 3-month extension.

The automatic 3-month extension (6 months for a corporation required to file Form 990-T) will be granted if this form is properly completed, filed, and any balance due on line 3c is paid by the due date for the return for which the extension applies.

File Form 8868 by the due date of the return for the form you are requesting an extension, or, in the case of an additional 3-month extension, by the extended due date of the return. When requesting an additional extension of time to file, file Form 8868 early so that if your request is denied you can still file your return on time.

An organization will only be allowed a total extension of 6 months for a return for a tax year.

Automatic 3- month (6 month in Case Corporation required to file form 990-T) can be electronically filed. However, you cannot file Form 8868 electronically if you want the additional (not automatic) 3-month extension or you are filing extension request for Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T.

Due Dates for Filing Form 8868


Form # Due Date to File Extension Description
Form 990 By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination Return of Organization Exempt from Income Tax
Form 990 BL By the 15th day of the fifth month after the end of filers tax year Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons
Form 990 EZ By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination Short Form Return of Organization Exempt from Income Tax
Form 990 PF By the 15th day of the fifth month after the end of foundation’s accounting period or from the date of complete dissolution or liquidation or termination Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Form 990 T(corporation)6 months extension By the 15th day of the fifth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust) By the 15th day of the fourth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust) By the 15th day of the fourth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (trust other than above) By the 15th day of the fifth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 1041 A By 15th April after the calendar year (2011) U.S. Information Return Trust Accumulation of Charitable Amounts
Form 4720 By the 15th day of the fifth month after the end of entity’s accounting period Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code
Form 5227 By 15th April after the calendar year (2011) Split-Interest Trust Information Return
Form 6069 By the 15th day of the fifth month after the end of tax year Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction
Form 8870 A charitable remainder trust described in section 664(d) file by 15th April 2011. All others by the 15th day of the fifth month after the end of tax year Information Return for Transfers Associated With Certain Personal Benefit Contracts

Form 8868 can be filed electronically to the IRS through an approved E-file provider. One such Form 8868 e-file provider is www.extensiontax.com.

You can e-file an extension request using www.ExtensionTax.com software with your own computer. The IRS acknowledge receipt of the extension request if you file through ExtensionTax.com.
Remember the inbuilt provisions in e-filing service enable data maintenance efficiently. Thus your data is safe and retrievable at any point of time.
ExtensionTax.com can help you access the forms you need to e-file your extension in time. It’s Simple, Safe and Secured.
To know more about Filing your Form 8868 electronically visit www.tax8868.com/www.ExtensionTax.com.
For any further support o filing Extension for Tax Forms call our Help Desk 1-866-245-3918 or simply email your queries to support@ExtensionTax.com.

ways to request an automatic extension of time to file a U.S. individual income tax return.

 

It’s Convenient, Safe, and Secure

 

IRS e-file is the IRS’s electronic filing program. You can get an automatic extension of time to file your tax return by filing Form 4868 electronically. You will receive an electronic acknowledgment once you complete the transaction. Keep it with your records. Do not send in Form 4868 if you file electronically, unless you are making a payment with a check or money order. Complete Form 4868 to use as a worksheet. If you think you may owe tax when you file your return, you will need to estimate your total tax liability and subtract how much you have already paid

E-file Using Your Personal Computer or Through a Tax Professional

 

Refer to your tax software package or tax preparer for ways to file electronically. Be sure to have a copy of your 2010 tax return—you will be asked to provide information from the return for taxpayer verification. If you wish to make a payment, you can pay by electronic funds withdrawal or send your check or money order to the address shown in the attachment on Where to File a Paper Form 4868

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Nine Tips for Charitable Taxpayers

If you make a donation to a charity this year, you may be able to take a deduction for it on your 2011 tax return. Here are the top nine things the IRS wants every taxpayer to know before deducting charitable donations.

Charitable Taxpayers

Charitable Taxpayers

  • Make sure the organization qualifies

Charitable contributions must be made to qualified organizations to be deductible. You can ask any organization whether it is a qualified organization or check IRS Publication 78, Cumulative List of Organizations. It is available at www.IRS.gov.

  • You must itemize Charitable contributions are deductible only if you itemize deductions using Form 1040, Schedule A.
  • What you can deduct You generally can deduct your cash contributions and the fair market value of most property you donate to a qualified organization. Special rules apply to several types of donated property, including clothing or household items, cars and boats.

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Ten Tax Tips for Individuals Selling Their Home

The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.

  • In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
  • If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).

New PTIN Requirements for Tax Return Preparers

Important: All Paid Preparers must register with the IRS and obtain a PTIN. click here to read more

New regulations require all paid tax return preparers to obtain a PTIN. Renewals for 2012 are expected to start in October 2011. In the future, some preparers will need to pass a competency test and background check, and take continuing education courses. Check back for more guidance soon. If you haven’t done so already, you can apply for your PTIN in 4 easy steps:

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