Tag Archives: Efile Extension

IRS Reminds Parents of Ten Tax Benefits

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Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits.

Here are 10 things the IRS wants parents to consider when filing their taxes this year.

1. Dependents In most cases, a child can be claimed as a dependent in the year they were born.

2. Child Tax Credit You may be able to take this credit for each of your children under age 17. If you do not benefit from the full amount of the Child Tax Credit, you may be eligible for the Additional Child Tax Credit.

3. Child and Dependent Care Credit You may be able to claim this credit if you pay someone to care for your child or children under age 13 so that you can work or look for work.

4. Earned Income Tax Credit The EITC is a tax benefit for certain people who work and have earned income from wages, self-employment or farming. EITC reduces the amount of tax you owe and may also give you a refund.

5. Adoption Credit You may be able to take a tax credit for qualifying expenses paid to adopt an eligible child. If you claim the adoption credit, you must file a paper tax return with required adoption-related documents.

6. Children with earned income If your child has income earned from working, they may be required to file a tax return.

7. Children with investment income Under certain circumstances a child’s investment income may be taxed at their parent’s tax rate.

8. Higher education credits Education tax credits can help offset the costs of higher education. The American Opportunity and the Lifetime Learning Credits are education credits that can reduce your federal income tax dollar-for-dollar.

9. Student loan interest You may be able to deduct interest paid on a qualified student loan, even if you do not itemize your deductions.

10. Self-employed health insurance deduction If you were self-employed and paid for health insurance, you may be able to deduct any premiums you paid for coverage for any child of yours who was under age 27 at the end of the year, even if the child was not your dependent.

Forms and publications on these topics are available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

E-file your IRS Tax Extensions with www.ExtensionTax.com.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users, www.ExtensionTax.com / www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Extensions for Form4868, Form8868 and Form7004 & for Form 2290, Form8849, Form720 .

www.ExtensionTax.com / www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.
For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@extensiontax.com / support@taxexcise.com.

Filing Your Taxes Getting Too Complicated? Get a Tax Extension!

Everyone’s Tax Return is unique to them, and each year there seems to be more and more information to organize. Although your taxesmay have been simple in the past, it’s likely to get more and more detailed each year. For every major life event,taxes get more complicated. For example, if you have a child, adopt a child, buy a house, pay for college, or start a business (to name a few) your taxes become more complicated.

Due to the increased complications involved in filing a tax return, each year more and more people are filing Tax Extensions for their Personal, Business, and Non-Profit Tax Returns. The IRS accepts Personal Tax Extensions by filing a Form 4868. This allows individuals 6 additional months to file their tax return. Business Tax Extensions are filed with the IRS by usingForm 7004. This allows businesses an additional 5-6 months to file their tax returns. Non-Profit organizations can also extend their tax deadline by filing anIRS Form 8868. This provides Non-Profit Organizations an automatic 3 Month Extension. They may then file for a Non-Automatic additional 3 month extension after that.

These easy options allow individuals and businesses to properly organize all of their necessary tax documents so that they can be sure that they are receiving the appropriateTax Credits, and paying the right amount. Tax Professionals appreciate it when peoplefile for an extension, rather than bombard an already busy person with much more work on the busiest week of their year. This is another incentive for individuals and organizations to file for a tax extension; accountants and tax professionals are less busy in the summer months than in April. Most tax preparers are neck deep in paperwork by the time the tax deadline rolls around.

Fortunately, these IRS Tax Extension Forms can also be E-Filed online.Extensiontax.com allows Individuals, Businesses, and Non-Profit Organizations to file Tax Extensions with the IRS. The beauty of E-Filing is that there is no need to leave your home or office, buy postage, or risk it getting lost in the mail. According to the IRS, E-Filing is the easiest, fastest, and most secure way to file any IRS Form.

Millions of people e-file their tax extension forms every year. The IRS has a digital initiative–a push to get up to 80 percent of their forms online–and tax extensions are included in that. E-filing a federal personal, business and nonprofit tax extension with Form 4868, 7004and 8868 is quick and easy. A tax extension extends the time to file, not to pay taxes (if they are owed).

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users, www.ExtensionTax.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290, Form8849, Form720 & Extensions for Form4868, Form8868 and Form7004.

www.ExtensionTax.com /www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@extensiontax.com / support@taxexcise.com

E-file IRS Tax Form 8868!

Non-Profit and Tax-Exempt Organizations can now extend their 2011 tax through www.extensiontax.com. Extensiontax.com is known for offering quality service as well as a quick and easy way to extend the filing date for Personal, Business and non-profit organization Returns.

Using IRS Form 8868: “Application for Extension of Time to File an Exempt Organization Return” Non-Profit and Tax-Exempt Organizations can now file for an extension of their filing date. The process may be slightly different than that for Personal and Business Extensions, but it is just as simple.

There are several distinct differences of Filing a Form 8868 rather than a Personal or Business Return Extension. For Instance, a Non-Profit Organization must provide the name of the person in charge of the books. They must also provide a Group Exemption Number if the organization is filing a group return. A significant difference of Filing the 8868 Non-Profit Extension is that it consists of two parts. Part one is an automatic 3 month extension, while Part 2 is an additional 3 month extension. It should be noted that an organization can only file Part 2 if it has already been granted an Automatic 3-month Extension on a previously filed 8868.

Our Site allows Exempt Organizations to file either Part One or Part Two. An organization can even file Part Two through our website if it did not file part one with us (It is still necessary that a Form 8868Part One was Filed).In the end, we will do the same thing we do with Personal and Business Extensions. We’ll check over your form, make sure it’s clear of basic errors. After that, we’ll submit your tax extension electronically to the IRS. We’re an authorized IRS e-file provider and our site operates on a secure network, so your information is safe.
Depending on volume, you hear back from the IRS in minutes. We’ll keep you updated with any new information from the IRS via email.

E-file your Extensions in 10 minutes for less than $10

Extensiontax.com makes filing tax extensionseasy with their simple and secure e-filing program. Extensiontax.com is an authorized IRS e-file provider, serving the entire Nation. With Extensiontax.com, users can e-file a personal, business or nonprofit organization tax extension in less than 10 minutes, for less than $10.

The deadline for filing a tax extension is right around the corner. With Extensiontax.com, users can e-file a six month extension quickly and easily. The complete process, starting from signing up in to the website to transmit takes just a few minutes. Plus,Extensiontax.com offers the lowest price in the industry when it comes to Efiling Extension forms 4868, 7004 and 8868.

Extensiontax.com has loads of contextual help and support windows to guide users through the process. Other tax extension programs expect users to know what every form means; Extensiontax.com spells it out, and makes it easy. The website is intuitive, simple, and low on confusing tax jargon.

Here’s how it works:

Users quickly create an account by clicking Sign up at Extensiontax.com
They input their basic tax information into the application
The program walks them through the process and checks for errors
A couple of clicks later and their tax extensions is sent to the IRS

About e-filing :

Millions of people e-file their tax extension forms every year. The IRS has a digital initiative–a push to get up to 80 percent of their forms online–and tax extensions are included in that. E-filing a federal personal, business and nonprofit tax extension withForm 4868, 7004and 8868 is quick and easy. A tax extension extends the time to file, not to pay taxes (if they are owed).

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users, www.ExtensionTax.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290, Form8849, Form720 & Extensions for Form4868, Form8868 and Form7004.
www.ExtensionTax.com /www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@extensiontax.com / support@taxexcise.com

What is Form 4868 All About?

File your tax extension online!

April 17th is the deadline to file your income tax return, but if you are not able to file the return by the deadline. What should you do? File an extension, of course.

You can automatically extend the April 17 due date to October 15 by filing Form 4868, “Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.” So now you have six more months to file your personalincome tax return.

The good thing about Form 4868 is that simply filing this form grants an automatic, no-questions-asked 6-month extension. You don’t have to have a reason. Just sending this form to the IRS on or before April 17 gets you the extra six months.
But here’s another important point about Form 4868: This 6-month extension is NOT an extension to pay any tax you may owe on the tax return. Form 4868 only grants an extension of time to file the tax return.
So, if you usually get a refund on your personal tax return, you are OK. But, if you think you might have a balance due, or if you are not sure, then you should go ahead and prepare the return to the best of your ability, do the calculations, and see where you stand.

If you are getting a refund, great! If you’re not in a hurry to get the refund, then file theextension form and wait until October 15 to send in the return. But if you have a balance due on the return, then you should send in your balance due with Form 4868. That way you avoid any penalty and interest for late payment of tax.

When October 15 rolls around, you send in the return, showing the Form 4868 payment as a credit. The end result is this: you paid your tax on time (April 17), and you filed yourtax return legally late (October 15) because you filed the extension form on time.

Obviously, the key here is whether or not you have a balance due on your return. If you have a balance due, but don’t send in the payment with Form 4868, then you will have penalty and interest charges for paying the tax after April 15.Bottom line: Do not overlook the fact that Form 4868 does not grant you an extension of time to pay the tax. It only gives you an extension of time to file the return.

www.ExtensionTax.com /www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@extensiontax.com / support@taxexcise.com