Category Archives: PTIN

Form 8868 Tax Extension For Non-Profit Organization

May 15th is right around the corner and it means that Charities and Non-Profit (Exempt) organizations are now busy preparing their tax returns. Unlike businesses and individuals, the tax deadline for these types of organizations is May 15th (if their tax year is a calendar year).

If an exempt organization does not have enough time to prepare their tax return, the IRS will allow an additional 3 months to file the return if a Form 8868 is filed by the deadline. An IRS Form 8868 is an application for 3 Month extension of time to file a tax return for a Non-Profit Organization. This form can be filed electronically throughExtensiontax.com an IRS Approved E-File Provider.

This is the fastest and safest way to file for a tax extensionE-Filing form 8868 takes only few minutes and within minutes from filing, the IRS will accept the form.  Once the form is accepted, the filer will receive an email from Extensiontax.com.When paper filing this form there is no letter of acceptance, but it is nearly instant when e-Filing.

NOTE :tax extension does not extend the amount of time to pay the tax.  It extends the amount of time to file the official tax return. Any taxes due will still be due on thetraditional deadline or else there will be additional penalties and interest.

E-Filing form 8868 through Extensiontax.com is the easiest way of filing it. The application is very simple. Instead of filling out a complicated tax form, there are just a series of easy to answer questions. Extensiontax.com has simplified all the confusing tax jargon’s and created an incredibly simple application to E-File form 8868 with the IRS.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.comwww.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290Form8849Form720 & Extensions for  Form4868,  Form8868 and Form7004.

www.ExtensionTax.comwww.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.comsupport@taxexcise.com.

Need Extra Time to Complete Your Tax Return? File for an Extension

Even though the tax filing deadline is later than usual this year – April 17 – many taxpayers may still need more time to file their tax return. If you need extra time, you can get anautomatic six-month extension of time to file from the IRS.

Here are six important things you need to know about filing an extension:

1. File on time even if you can’t pay If you completed your return but you are unable to pay the full amount of tax due, do not request an extension. File your return on time and pay as much as you can. To pay the balance, apply online for a payment plan using the Online Payment Agreement application at www.irs.gov or send Form 9465, Installment Agreement Request, with your return. If you are unable to make payments, call the IRS at 800-829-1040 to discuss your options.

2. Extra time to file An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the April 17deadline, plus you may owe penalties.

3. Form to file Request an extension to file by submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return to the IRS. It must be filed by April 17, 2012.

4. E-file extension You can e-file an extension through www.extensiontax.com. You must e-file the request by midnight on April 17, 2012. The IRS will acknowledge receipt of the extension request if you e-file your extension.

5. Electronic funds withdrawal If you ask for an extension via one of the electronic methods, you can also pay any expected balance due by authorizing an electronic funds withdrawal from a checking or savings account. You will need the appropriate bank routing and account numbers.

6. How to get forms for Paper Filing Form 4868 is available for download from the IRS website or you can pick up the form at your local IRS office.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.comwww.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290Form8849Form720 & Extensions for  Form4868,  Form8868 and Form7004.

www.ExtensionTax.comwww.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.comsupport@taxexcise.com.

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.comwww.TaxExcise.com is a certified, IRS authorized, e-file service provider for  Extensions for  Form4868,  Form8868 and Form7004 & for Form 2290Form8849Form720 .

www.ExtensionTax.comwww.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.comsupport@taxexcise.com.

Assumptions And Facts About Filing a Tax Extension

Taxes are unavoidable, and they must be paid. However, you can delay it by filing a Tax Extension.  The IRS estimates that over 10 millionindividuals and businesses will file for a Tax Extension every year by filing IRS Form 4868,7004 and 8868.

There are several popular assumptions about filing a tax extension that need to be clarified:

Assumption:Tax Extension will delay the time you have to pay taxes.

Fact: Taxes Should Be Paid on Time!  A Tax Extension extends the amount of time to file the tax return. This means that you have more time to prepare all of your tax-related documents and get the most out of your credits and refunds.

Assumption: The IRS will impose penalties if you file a tax extension.

Fact: The IRS will not penalize you as long as your application for extension is on time and your taxes are paid on time.

Assumption: The IRS requires a reason to file a tax extension.

Fact: Form 48687004 and 8868 contains no questions inquiring why a tax extension is necessary. The form is very straight forward and easy to figure out.

Filing an extension with  Form 48687004 and 8868 has become much easier and quicker.This is because the option to E-File has become more and more popular as compared to traditional paper filing.
There are several online options for filing a  Form 48687004 and 8868 with the IRS. The best, easiest and cheapest is www.Extensiontax.com. This allows you to E-File Form 48687004 and 8868 from your home or office. There is no need to go anywhere, mail anything, or worry about whether it gets there on time.

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 48687004and 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 2290Form8849Form720 & 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.comsupport@taxexcise.com