Category Archives: Tax Extension

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.

 

Must Know Information about Tax Extensions

The number of extensions filed by individuals & Businesses to the IRS has always been increasing ever since it came into existence. Only easiest way for these millions of taxpayers to file for an extension is to E-file it through Extensiontax.com.  As an Authorized E-File Provider, Extensiontax.com can securely send your tax information to the IRS instantly. Here are some commonly asked questions about Tax Extensions: Continue reading →

Happy Holidays from ExtensionTax.com

Hey guys, hope you all are geared up for a great Christmas and are ready enjoy your holidays. We not going to be lying, WE DEFINITELY ARE GOING TO HAVE A BLAST. It is amazing to be at home. There is going to be a lot of fun and entertainment. Also many of you would agree, the best part of the holidays is being able to be with family & friends. Even though we may miss few of them physically, just being able to talk to them over the phone would be great enough. Sharing stories with them, knowing that they’re OK, was the gift delivered on time. We may miss them so much, but will be able to see them soon. Another great part of Christmas is of course… the presents, DUH!!!

Even if you are away from your beloved ones thank your friends their families for letting you share Christmas day with them. It will be such a cool experience and a huge privilege as well. For them to take you into their home and make sure that u didn’t spend Christmas and they didn’t have to do it. That’s one of the many reasons that we need friends for life.

Oops.., before we wind up, here is your other family www.extensiontax.com wishing you the best ever Christmas. We are more than a family as we do not forget each other; year after year you come back to our website to E-file your extensions. In a way “WE ARE FRIENDS FOR LIFE”.

Stay in touch Call: 866-245-3918 or write to support@extensiontax.com .

Apply For Extension Of Time To File Business Income Tax Through Form 7004

Every corporate business, partnerships, and certain trusts are mandate to file and pay tax through the applicable form. However, due to the time constraint and the workload, IRS has considered this and provided taxpayers with extra time to file your tax return if they file an extension.

What Is Form 7004?

This is an application for Automatic Extension of Time to File Business Income Tax, Information, and other returns, allowing you to gain extra time to report IRS with the required documents if you don’t have them handy. The due date to file form 7004 falls on 15th of March and it is liable to file the extension by the due date if you wish to gain extra time to report IRS with your business income tax.

However, this year 2015, March 15th is falling on a weekend, and thus, 16th of march would be the due date to file and report form 7004. Do note, extension would be granted only if proper estimation is made and file by the actual return date for, which this extension applies.

The form is divided into 3 different parts. Part I is for filers who are filing for 5 months extension and part II is for 6 months extension filers. However, part-III is mandatory for filers to file and submit, which contains details about your organization, amount due and balance to be paid to IRS. This form should be mailed to IRS on or before the due date. If you’re efiling withExtensionTax.com, the whole procedure is simplified and converted into one application. Key in your information, the application would take care of the rest.

Depending upon the form, you can gain 5 months and 6 months of extension. You are mandate to file your tax return by the end of the extended time i.e. 15th of October. Continue reading →

File your Income Tax Return by April 15th or File for an Extension

“Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice. Welcome to our blog taxpayers. Today in our blog, we would discuss about form 4868, the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. With time running short, we would like to remind our taxpayers about the due date that falls on April 15th to file an extension via form 4868 and gain 6 months time to file Individual Income Tax Return. Continue reading →