Businesses and individuals not having enough time to report their income taxes usually take the option to file for an extension, thus giving them additional time to file their income tax return. However, it is essential to keep in mind that the additional time given is for filing tax return and not for paying what one owes to the IRS. To get your tax extension immediately, it is advisable to file online and with an authorized service provider like Extensiontax.com. It is true most of them would be aware of the rules of filing an extension but there are few things to be clear about, as discussed below:

• First and foremost, it is most important to keep in mind that filing for an extension does not give individuals and businesses the additional time to pay their taxes. Therefore, it is essential to pay what one owes to the IRS to stay away from penalties and interest before the deadline. However, to file for an extension one can do so online and there are IRS certified websites to help them file with ease and from the comfort and convenience of their home. ExtensionTax.com (product of Think Trade inc) is a leading website helping businesses and individuals to file for an extension with ease.  We support Extension forms 7004 (for businesses), 8868 (for exempt organizations),4868 (for Individual Income tax ), or 2350(for individuals residing outside the U.S).

• It is a simple and straightforward process to file for an extension. Firstly, it is important to create an estimate amount one owes to the IRS and then download the Extension Form 4868. If sending the form through post, businesses and individuals need to attach a check of the money they owe to the IRS (except exempt organizations). However, one has the option to file for an extension online and pay their tax dues too with ExtensionTax.com. Individuals and businesses willing to file their tax dues later can request for the same through form 9465. However, this might be a lengthy process and it is advisable to file online and on time to stay away from penalties.

• Submitting the ‘Automatic Extension Form’ 4868 gives the individual automatic 6 month’s extension for filing their individual income tax return. Besides, there are other extensions applied to specific individuals such as those serving the military or those affected by a natural disaster, which would be notified by the IRS to those who qualify.

Getting 6 months extension is surely an advantage for individuals and businesses not having time to file their  taxes. Moreover, filing with Extensiontax.com makes the process smooth and hassle-free. For any queries or suggestion, reach us at 1-866-245-3918 for any queries or suggestion.