Hello business taxpayers! If you can’t file your business income tax reports to reports on time, you must apply for an extension using business tax extension form 7004. You will get the automatic six-year extension to file your business income tax reports with proof and supporting documents. However, IRS doesn’t give any extension to pay your tax reports. Therefore, you must estimate and pay your business income tax dues using your original form and apply for a tax extension using form 7004 on or before the deadline.
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Category Archives: Online Extension
It’s time to apply for tax extensions to get extra time to report your business and personal taxes!
Hello taxpayers! As the new tax year starts, you must report and pay your business and personal income taxes to the IRS on or before the deadlines. If you fail to report your taxes on time, IRS will charge hefty penalties, late charges, and interests over your tax dues. To avoid this unfortunate circumstance, they offer automatic extension time from three to six months based on your tax category. Therefore, you must apply for a tax extension to the IRS to avail the extra time to report your taxes to the IRS.
There are multiple tax extension forms for business and personal income taxes. Taxpayers must identify suitable income tax extension forms and apply them to the IRS within the deadlines. Let us look into extension tax forms, their purposes, and deadlines for your clear understanding.
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Things organizations should know about applying for tax-exempt status
To be tax-exempt under Section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or preventing cruelty to children or animals.
Organizations that want to apply for recognition of tax-exempt status under Section 501(c)(3) use a Form 1023-series application.
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Business Tax Extension Form 8868 is due today for Tax-Exempt Organizations
Hello Taxpayer! Today is the deadline to apply for a business tax extension for your tax-exempt organizations. Non-profit and tax-exempt organizations are not liable for any taxes because they are excluded from any taxes by the federal government. But they have to file their business income tax reports to the IRS within the deadline. If they cannot report the taxes for the previous year within the deadline, they should apply for a tax extension to the IRS and get the automatic tax extension time to report their business income taxes.
From 4868 personal income tax extension application deadline is today!
Hello taxpayers! The tax season is upon us, and if you are behind schedule in your tax preparations, you should apply for a personal income tax extension today. If you miss this deadline, the IRS will not give you the extension time to report your taxes and will charge you interest and penalties. Therefore, you should file for a personal income tax extension to the IRS using the form 4868 and get the automatic six-month extension time to file your tax reports.
If you haven’t filed form 4868 before, you should file it today. And e-filing form 4868 is the best way to apply for your personal income tax extension to the IRS and get the approval for your tax extension time.
