Category Archives: IRS Extension

E-file Form 4868, Postpone Your Tax Due Date by 6 six months!

If we are paying attention to our lives, we’ll recognize those defining moments. The challenge for so many of us is that we are so deep into daily distractions and ‘being busy, busy’ that we miss out on those moments and opportunities that – if jumped on – would get our careers and personal lives to a whole new level of wow. In today’s modern lifestyle almost every individual cribs stating that 24 hours a day is not enough to take care of their daily chores.

Month of April is here and your Personal Income Tax is due in another 15 days. You read that right this year the tax due date is April 17th not April 15th, thanks to the weekend and the following federal holiday. Well, though the due date is postponed by two days is that really enough for you to gather all the required paper works and file your Personal Income Tax on time without any mistakes. We can hear that loud “NO” so can the IRS. Continue reading

April 17 due date for reporting tax returns get more time by filing tax extension form 4868

Want to file extension for your business & personal income taxes?

No problem, we have the solution for you!!! You can manage any number of business and personal income in just one account…!!!

4868 is due now

Electronic filing i the ideal way of filing  your tax returns as it has its own merits, saves you time and money. E-File is the fastest way of getting your returns processed by the IRS and in a timely way with out any delay. Act fast, you have couple of weeks left to get it done, if you need additional time to work with your tax return you can claim extra time by reporting Tax Extension Form 4868 or Form 7004 based on your needs and these forms will get your 6-month extension and pushes your Due Date from April 17 to October 15.

ExtensionTax.com is at its best, in 3 simple steps you can push your deadline further and you get more time to prepare with your tax return. Please note extension of time is only to file and will not  extend your time to pay your tax bill.

Having extra time to finish your return is often necessary, especially if you are still waiting for tax documents to arrive in the mail or you need additional time to organize your tax deductions. Extensions also provide extra time to file your gift tax return.

Start your extension tax return today and beat the queue, waiting till the last minute may have a high risk of hanging you up in between. Move ahead and request for extra time well in advance and report  your return once you’re ready with all the required paper work. Good Luck and wish you a happy tax filing…

IRS has issued an update on processing Exempt Organizations filing Form 990 series

IRS has sent a recent update on processing Exempt Organizations Tax return filed in Form 990 series…

Form 990 processing changes

As of January 8, the IRS is returning Form 990 series returns filed on paper – and rejecting electronically filed returns – when they are incomplete or the wrong return. IRS.gov answers the question What happens if my Form 990 is missing information or a schedule, or is the wrong return?

Form 990-EZ reminders

Tax-exempt organizations with annual gross receipts under $200,000 and assets under $500,000 (at the end of the reporting period) can use Form 990-EZ, Short Form Return of Organization Exempt from Income Tax, to meet their annual filing requirement. This means you’ll submit less information and fewer schedules than the “full” Form 990, Return of Organization Exempt from Income Tax.

Form 990-EZ includes “assistive” features designed to make filing easier, quicker, and more accurate. These 29 “help buttons” don’t replace the instructions, but they do alert the filer to traditionally troublesome areas and have decreased the error rate for paper-filed returns.

The IRS encourages exempt organizations to file electronically, noting the error rate for electronically-filed returns was only 1% for 2017. A list of companies providing this service is on IRS.gov.

Form 990-series returns are due on the 15th day of the fifth month after an organization’s tax year ends. For organizations using the calendar year as their tax year, May 15 is the deadline to file for 2017. If you need an extension of time to file, use Form 8868, Application of Extension of Time to File an Exempt Organization Return.

Continue reading

Business Income Tax Extension, Form 7004: Deadline Alert!

The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge – Stephen Hawking

TODAY! March 15th will be the deadline to file your Business Income Tax Return and if you need more time to file, it’s not too late to e-file for an extension with www.Extensiontax.com . Missing your tax deadline can incur hefty penalties & Interests. Extensiontax.com is your one-stop e-filing solution for IRS tax extensions. E-filing an extension for your business tax return is quick and easy… Continue reading

Winter storm extension: Many businesses have extra time to request a 6-month extension

Here is the latest IRS new alert under Issue Number:IR-2018-50 and under this issue…

WASHINGTON — The Internal Revenue Service today granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.

The IRS is providing this relief to victims and tax professionals affected by last week’s storm–known as Winter Storm Quinn—and this week’s storm –known as Winter Storm Skylar–that primarily hit portions of the Northeast and Mid-Atlantic.

Business taxpayers who are unable to file their return by the regular due date—Thursday, March 15, 2018–can request an automatic extension by filing Form 7004, on or before Tuesday, March 20, 2018.  Form 7004,  available on IRS.gov, provides a six-month extension for returns filed by partnerships (Forms 1065and 1065-B) and S corporations (Form 1120S).

Eligible taxpayers taking advantage of this relief should write, “Winter Storm Quinn” or “Winter Storm Skylar,” on their Form 7004 extension request (if filing this form on paper).  As always, the fastest and easiest way to get an extension is to file this form electronically.

The IRS will continue to monitor conditions and provide additional relief if circumstances warrant.


extensiontax.com

March 15 Filing Deadline