Tag Archives: Efile Extension

General Deadlines to file for Tax Extensions

Filing a Tax Extension with the IRS can delay your tax return deadline by up to 6 months.  Filing a tax extension can be very helpful to those with very complicated tax returns.  The additional time to file the return can give taxpayers and tax preparers more time to prepare the return. This allows for better attention to be paid to the little details of each return so that you may get the most out of your credits or refunds. Continue reading

Four Reasons to E-File your Extensions with www.ExtensionTax.com

  • It’s green. Filing electronically takes the paper, envelopes and stamps out of tax filing. If you bank online, pay your bills online and shop online, why not do your taxes online too? It saves the environment and saves you from a trip to the IRS office.
  • It’s safe. You don’t have to worry about your important files being lost in the mail. Your information isn’t handled or shared with anyone; it just goes straight to the IRS.
  • It’s fast and easy. You can file your tax extension in minutes, without ever leaving your house. Once you’ve sent it off, it takes just a couple of days to get approved.
  • The IRS prefers it. Seriously, go to their website, they’re all about e-filing. It’s faster, safer and easier. With the paper forms, you don’t get a confirmation from the IRS that your paperwork has been received and approved, but you do with e-filing.

www.ExtensionTax.com is an IRS Authorized e-file service provider who is a BBB accredited business with A+ certification. ExtensionTax.com has a LIVE Support Center with Tax experts available at 1-866-245-3918 or simply Email to support@extensiontax.com.

Preserve Your Documents! It’s Useful in Times of Need

You never know or even think when a natural disaster would knock at your door. Nothing lies in our hands and the wrath of nature cannot be escaped. Natural disasters happen unexpectedly also affecting the lives of many Americans every year. With the cyclone hitting Oklahoma and nearby counties recently has left a massive impact on the minds and hearts of people. Although, the loss is unimaginable but not keeping the record safe can incur more losses. Therefore, it is advisable to keep the credentials handy and at a proper place.

There are several documents that taxpayers should keep a backup such as bank statements, certificates, tax returns, etc. The reason for maintaining their documents is that it gives them the benefit of accessing them whenever required. Additionally, we should keep them safe from the dangerous after-effects of the wind, rain, and snow. Recordkeeping is a good habit and comes as a great rescue in times of need. There are numerous ways suggested by the IRS to keep the documents safe and protected, as discussed below:

  • Save Your Documents Online:

One of the best places to keep your documents in a place where it is easy to access is to save them electronically. Most companies and banks send payment receipts electronically, which makes it easy and possible to save them online. However, individuals also have the option to scan their documents and save them in their email id. Saving files electronically is one of the simple and easy ways to create a backup of all the important documents.

  • Document the Essential Valuables:

Another useful for creating a backup of their documents is by taking photographs or creating video. Recording the credentials through photographs or making video can help individuals know the true value of the documents, thus making it easy for them to claim refund. The ‘IRS disaster loss workbook’ is another way where taxpayers can assemble the required documents. Click here for more details

  • Take Help from the IRS:

When a disaster strikes taxpayers need can call the IRS to get complete information on disaster-related issues. Moreover, requesting the IRS might help them get copies of their previous tax returns, which can be attained through form 4506.

Individuals residing in the affected areas generally get an extension by the IRS but, they can also get a tax extension by filing through extensiontax.com, a leading E-file service provider. Reach us at 1-866-245-3918 to get all your queries answered.

 

Form 4868 Extension Request Rejection

In all probability, IRS will accept  most of the extension requests that you file through IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. As a rule, it takes 24-48 hours to validate your extension application to term it as accepted or rejected. Even though the extension form is very short and easy to file on, it’s still possible to commit mistakes. Whenever you file an extension with extensiontax, we will update you with reason, in case if IRS rejects your demand. We will also notify you with resubmitting instructions via call/mail. Let’s look over some common reasons that compel IRS to reject your tax extension application.

  • A major number of requests get refused because of the name and social security number that you give incorrectly by mistake. If those details do not match with your recently filed name or SSN, your application turns down.
  • An adjustment that you didn’t inform IRS about. You might have changed your name due to marriage, divorce etc after your last e-filing with the IRS. So IRS cannot map your tax info to your extension request.
  • A mismatch between the Adjusted Gross Income (AGI) amount entered and IRS records.
  • Forgetting to update IRS about your status can also lead to Form 4868 rejection.

So always file an extension before deadline with right data, update IRS about the tax info changes and be in peace. IRS will likely approve your demand. Filing with extension tax can be a better choice, since we can help you whenever your extension gets rejected. Remember! You can re-apply for an extension, but you may have fines and dues if you don’t file earlier. Hence, file an extension earlier and you will have enough time to re-apply if your extension request gets rejected. Call us at 1-866-245-3918 for any support, no matter when!

Things You Should Be Aware Of, When You Want to File For a Tax Extension

No matter what your motive is behind filing an extension to file your taxes, as long as you fill-out the form (Form 4868 for individuals, Tax Form 7004 for businesses) correctly, you are automatically granted with an extension time of 6 months for your request. Remember that the IRS doesn’t care (and doesn’t ask) why you’re filing for a tax extension. But before getting into the actual filing of extension tax in order to acquire more time to file your taxes, here are some important points to take note of.

1. Do Not File Extension, If You Can’t Pay.

In case you have completed your return but unable to pay in full to the IRS, you should file your return first hand and then later apply for an Online Payment Agreement (OPA) based on the bill or notice sent by the IRS for the balance due.

2. Supplementary Span in Hand

The comfort of extension is applicable only for filing and so, you cannot extend time to pay your taxes. You will owe interest on any amount not paid by the deadline, plus you may owe penalties.

3. Extension Forms

You can submit your request for extension via Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return), Form 7004 (Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns) or Form 8868 (Application for Extension of Time to File an Exempt Organization Return).

4. Extension via E-file

If you would like to relax your tax related filing tension during extension, you have a great chance with e-filing the same. Extension Tax does it for you and checks your form for mistakes to ensure smooth submissions. Notifications for you will also be on time once the IRS approves your extension, which again is matter of minutes with internet filing. Note that it is always good to be aware of internet scams and taking care of your personal information.

5. Electronic Funds Withdrawal

If you ask for an online extension, you can also choose to 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. Form Availability

The IRS website has downloadable forms for filing extensions. Well, you can even order for one at 800-TAX-FORM (800-829-3676). But downloading forms from the website, taking print out of it, understanding the nuances of tax in it, filling the details all by yourself, going in person to file it or sending it to the IRS via courier, dealing with errors and rejections due to silly or major mistakes, filing it again with uncertainty is all just like reading this very line that you have just read. Too lengthy and complex. Also, Telephone requests normally take 7 – 15 days to process and ship. It is immediately available full time and also for easy filing on extensiontax.com.

So, it is always a wiser idea to opt for e-filing your extension tax forms in comparison to paper filing any form that too through  extensiontax.com. It’s because filing an extension on extensiontax.com doesn’t make you wait one extra moment in just the minutes of time it consumes to prepare and process your extension request.