Category Archives: Form 4868 efile

October 15 deadline nears for taxpayers who requested tax filing extensions

Federal Taxpayers should file electronically and request direct deposit for refunds, eFiling is fast, easy and secured.

The Internal Revenue Service reminds taxpayers who filed an extension that the Oct. 15 due date to file their 2019 tax return is near. Taxpayers should file their tax returns on or before the Oct. 15 deadline. For those who still owe, pay as soon as possible to reduce any penalties and interest.

Convenient electronic filing options, including IRS Free File, are still available. Taxpayers and tax professionals should continue to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments.

Although October 15 is the last day for most people to file, some taxpayers may have more time.

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July 15 is the new tax day for all income tax filers, not ready then file an extension of time at ExtensionTax.com

The Treasury Department and the Internal Revenue Service have provided special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.

July 15, 2020 is just a week to go and less time left, if you’re still in need of additional time apply for extension of time using the below forms;

  • Form 7004 : Business Income Tax Extension
  • Form 4868: Personal Income Tax Extension
  • Form 8868 : Exempt Business Income Tax Extension
  • Form 2350: Personal Income Tax Extension for Out of Country filers.
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Happy 4th of July! Extend Your Federal Income Tax Filing Deadline to OCTOBER 15

The ExtensionTax.com team wishes all a very Happy 4th of July! The IRS issued Notice 2020-134 on June 29, 2020, the automatically extended filing and payment deadline of July 15, 2020, will not be postponed, any taxpayers looking for further relief including those affected by COVID-19, who cannot pay in full should contact IRS for help. The IRS also encourages the affected taxpayers to pay what they can and consider a variety of payment options available for the remaining balance.  

“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” said IRS Commissioner Chuck Rettig. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”

Taxpayers unable to meet the July 15 due date can request an extension to file until October 15. However, this is not an extension of time to pay. Taxpayers must estimate their tax liability on the extension-form and pay as much as they can by July 15 to avoid possible penalties and interest.

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The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020.

The Federal Governments’ response to the ongoing COVID-19 crisis by automatically extending certain filing deadlines and payments is good news to many, though the deadline to report personal income tax has been extended from April 15th to July 15th. Taxpayers including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax, if wants more time for any reason to file federal income tax returns can use www.ExtensionTax.com to e-file extension forms to request for an automatic extension, this will give them an automatic 6 months extension from the newly extended July 15 deadline.  

  • Individual taxpayers can request a filing extension by filing Form 4868 and;
  • Businesses who need additional time can request a filing extension by filing Form 7004.

By obtaining this extension, you can avoid any late-filing penalties as long as you do file by the extended due date. It’s important to keep in mind that filing an extension does not generally mean you are off the hook for paying taxes.

Due to the recent lockdown, we at www.ExtensionTax.com have initiated a business continuity plan to ensure that all our representatives are at your assistance. If you have any questions or need any help in completing Federal extensions feel free to call our Help Desk @ 866-245-3918 or email us at support@extensiontax.com. We’re Open and available on all Business days between 9:00 am to 6:00pm Central Time.

Follow the IRS special coronavirus page on IRS.gov to check for official updates from the IRS as they continue to monitor issues related to the COVID-19 virus.

Our thoughts are with the ones fighting on the front line and the families affected by the virus. Follow the advice of WHO and guidance issued by national and local health authorities, Stay Safe and help prevent the Spread of Coronavirus.

Form 4868 for extension of your individual income tax filing

Tax time and the income tax filing is due by April 15, 2020 for the tax year 2019. If taxpayers need more time to prepare their federal income tax return, there’s an option to extend the filing period by reporting Federal Extension Tax Form 4868 and your new deadline would be October 15. Taxpayers should remember a few important things.

  • An extension of time to file a return is not an extension of time to pay.
  • Taxpayers should pay any taxes they owe by the April 15 deadline to avoid possible penalties and interest.
  • The extension request must be filed electronically or postmarked no later than April 15, 2020.

Simply efile IRS Form 4868 at http://ExtensionTax.com to push your due date from April 15 to October 15 — but remember that getting an extension doesn’t give you more time to actually pay your taxes.

Requesting an extension and making an estimated payment in April are just half the work. You still have to file your final return. If you don’t file by the extension deadline, the penalties could get worse. Talk to us and get the help needed from our support agents at 866 – 245 – 3918 or write to us at support@extensiontax.com.