Tag Archives: Extension Tax

Eight Facts About Filing Status

The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. There are five filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) with Dependent Child.

Here are eight facts about the five filing status options the IRS wants you to know so that you can choose the best option for your situation. Continue reading →

IRS Reminds Small Charities to Check Their Reporting Requirements Because They May Have Gotten Simpler

The Internal Revenue Service today announced that small tax-exempt organizations may be able to shift to the simpler Form 990-N (e-Postcard) for their 2010 annual information reporting.

The IRS today issued guidance (Revenue Procedure 2011-15) that will allow more tax-exempt organizations to file the e-Postcard rather than the Form 990-EZ or the standard Form 990.

For tax years beginning on or after Jan. 1, 2010, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the e-Postcard. The threshold was previously set at $25,000 or less. (However, supporting organizations of any size must file the standard Form 990 or, if eligible, Form 990-EZ).

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Prepare and File Your Taxes Electronically

IRS e-file: It’s safe. It’s easy. It’s time. IRS e-file is now the norm; not the exception. The number of e-filed Form 1040 tax returns is approaching 1 billion after 20 years of safe, secure service. In 2010, 99 million people – 70 percent of all individual taxpayers – used IRS e-file to electronically transmit their tax returns to the IRS. It’s safe, it’s easy to use and it’s time for you to try it. Continue reading →

Free e-file from IRS, Online Forms Available

WASHINGTON — IRS Free File opened on, Jan. 14, to start its ninth year of helping make taxes a little less taxing.

Everyone can use Free File, the free way to prepare and e-file federal taxes either through brand-name software or online fillable forms. Individuals or families with 2010 adjusted gross incomes of $58,000 or less can use Free File software. Free File Fillable Forms, the electronic version of IRS paper forms, has no income restrictions.

“Free File saves you money and time preparing and e-filing your federal tax returns,” said Cecille M. Jones, acting director, Electronic Tax Administration and Refundable Credits. “Free File really does make taxes less taxing.” Continue reading →

File your taxes after April 15!

Did you know you can file your taxes after April 15? It’s easy, just e-file a tax extension (Form 4868 or Form 7004), and receive confirmation in a few hours only at www.ExtensionTax.com

The IRS doesn’t ask for a reason for the extension–it’s called an Automatic Extension of Time, so an overwhelming majority of requests are approved. You can e-file for an extension in less than ten minutes online.

E-filing is the way to go. It’s quick, easy and it is more secured. Try today and get your time to file taxes after April 15th.