Tag Archives: Efile Form 4868

Buy More Time to File your Personal Income Taxes by Efiling Form 4868!

Tax-ExtensionTime and tide waits for no one but you can make your Personal Income Tax filing Deadline wait for 6 months by simply E-filing Form 8468 through www.Extensiontax.com .IRS form 4868 is officially termed as the “Application for Automatic Extension of Time to file U.S Income Tax Return”.  This is a tax extension form designed for individuals filing for income tax to the IRS. Any individual has the benefit of getting a tax extension for the tax form listed below:

 

  • Form 1040
  • Form 1040A
  • Form 1040EZ
  • Form 1040NR
  • Form 1040NR-EZ

Form 4868: Continue reading

Ten Tips to Help You Choose a Tax Preparer

Many people look for help from professionals when it’s time to file their tax return. If you use a paid tax preparer to file your federal income tax return this year, the IRS urges you to choose that preparer carefully. Even if someone else prepares your return, you are legally responsible for what is on it.

Here are ten tips to keep in mind when choosing a tax return preparer:

1. Check the preparer’s qualifications.  All paid tax return preparers are required to have a Preparer Tax Identification Number. In addition to making sure they have a PTIN, ask if the preparer belongs to a professional organization and attends continuing education classes.

2. Check on the preparer’s history.  Check with the Better Business Bureau to see if the preparer has a questionable history. Also check for any disciplinary actions and for the status of their licenses. For certified public accountants, check with the state boards of accountancy. For attorneys, check with the state bar associations. For enrolled agents, check with the IRS Office of Enrollment.

3. Ask about service fees.  Avoid preparers who base their fee on a percentage of your refund or those who claim they can obtain larger refunds than other preparers can. Also, always make sure any refund due is sent to you or deposited into an account in your name. Taxpayers should not deposit their refund into a preparer’s bank account.

4. Ask to e-file your return.  Make sure your preparer offers IRS e-file. Any paid preparer who prepares and files more than 10 returns for clients must file the returns electronically, unless the client opts to file a paper return. IRS has safely and securely processed more than one billion individual tax returns since the debut of electronic filing in 1990.

5. Make sure the preparer is accessible.  Make sure you will be able to contact the tax preparer after you file your return, even after the April 15 due date. This may be helpful in the event questions arise about your tax return.

6. Provide records and receipts.  Reputable preparers will request to see your records and receipts. They will ask you questions to determine your total income and your qualifications for deductions, credits and other items. Do not use a preparer who is willing to e-file your return by using your last pay stub before you receive your Form W-2. This is against IRS e-file rules.

7. Never sign a blank return.  Avoid tax preparers that ask you to sign a blank tax form.

8. Review the entire return before signing.  Before you sign your tax return, review it and ask questions. Make sure you understand everything and are comfortable with the accuracy of the return before you sign it.

9. Make sure the preparer signs and includes their PTIN.  A paid preparer must sign the return and include their PTIN as required by law. The preparer must also give you a copy of the return.

10. Report abusive tax preparers to the IRS. You can report abusive tax preparers and suspected tax fraud to the IRS on Form 14157, Complaint: Tax Return Preparer. If you suspect a return preparer filed or altered a return without your consent, you should also file Form 14157-A, Return Preparer Fraud or Misconduct Affidavit. Download the forms on the IRS.gov website or order them by mail at 800-TAX-FORM (800-829-3676).

Using a Tax preparer to file your taxes is a good choice; likewise the best way to file for an extension is by e-filing your form 4868 through www.extensiontax.com. It’s simple, secured and fast; any questions on E-filing for an extension call 1-866-245-3918 or write to support@extensiontax.com.

Informative tips for tax filers who file on deadline.

Countless tax payers turn up only on closing date, getting their skates on to meet April 15th 2013. Filing tax is in real a boring and mind-numbing process for which planning, organizing with enough time and material are important. If you are filing taxes inaccurate or with flaws, then you are really planning to miss out your tax credits and deductions, for which you are eligible. Still, there are several options to stay on safer side of filing taxes. Continue reading

Looking for optional time even after 6 month extension?

In general, almost all the tax payers are permitted to avail a 6 month tax extension by filing Form 4868 for U.S individual income tax, except when you are bounded by the U.S instruction policy. The policy states that you can avail 6-month extension unless you want IRS to figure out your tax or you are under a court order to file your tax by the regular due date. Continue reading

IRS Tax Extension: e-file Federal Form 4868 Tax return

April 15th has long been known as tax day in the United States. Just because the day never changes does not mean that the circumstances for taxpayers do not change.  Many taxpayers may find themselves needing more time to file their tax return when April 15th rolls around.

When it comes to dealing with taxes and the IRS is to avoid waiting until the last possible minute to request an extension.  Filing an extension provides you with an automatic 6 month postponement to file your return (until October 15th); it is not an extension for payment.

Steps to Take to File for an Extension on your Tax Return

  • Identify BEFORE April 15th that you need to request an extension to file your taxes.
  • Visit the official IRS e-file supporter website and complete the Automatic Extension Form (4868) electronically. The website provides information on the tax deadlines, forms and instructions for completing necessary tax return information.
  • You will be required when you file to make a payment in full of the approximate amount that you owe as determined by your rough draft of the tax return. This amount can be paid either by credit card online or by check in the mail. Either method must be filed by midnight on April 15th to not be considered a late return.
  • After you request your extension, ensure that you file your final tax return within 6 months of requesting the extension.

Why www.ExtensionTax.com?

ExtensionTax.com is a premier efile service provider in the Tax Industry and it is the professional way to efile any extension tax returns with IRS.

  • Get easy 6-months tax extension to file your personnel income tax returns.
  • Simple and Easy steps, complete an extension tax in 3 simple steps in minutes.
  • Get instant “TEXT Alert” on status of your return.
  • IRS certified e-file partner for Extension Tax Forms
  • Receive an email confirmation once your extension is IRS Approved.
  • No Penalty to Filing an Extension.
  • Manage multiple businesses/personnel extension tax returns in one single Account.
  • Do a Tax Extension from anywhere, anytime. 99% of Tax Extensions filed through us were accepted by IRS.
  • Simple, Safe and Secured to do it with www.ExtensionTax.com
  • Rated #1 by tax payers.
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Implications to Consider when Filing for an Extension

  • Filing for an IRS extension is simply a request to the IRS asking them to grant you more time to file your tax return.
  • Most taxpayers who file for an extension are approved for this if they follow the tax calendar deadlines provided by the IRS.
  • Remember that being granted an extension to file does NOT mean you have been granted an extension for the payment owed to the IRS.
  • A payment on the estimated balance owed must be made at the time your extension is filed.
  • If you do not make a payment with your request for an extension you may avoid the penalty for late filing but will be responsible for the interest rates associated with your late tax bill.
  • Taxpayers who are requesting an extension should be prepared to pay at least 90% of the amount that they will estimate to be due for the year at the time that the extension request is filed with the IRS. This estimated amount is for the current tax year.
  • If you owe money to the IRS for back taxes you will be required to pay your tax bill in full by tax day, April 15th. This is true regardless of the extension.
  • Late tax payments are subject to penalties and interest on the outstanding balance.
  • The penalty for failing to file taxes by the deadline is 5% per month up which caps at 25% of the entire balance owed.
  • The penalty for failure to pay your taxes is 0.5% per month in addition to a monthly charge for interest on the balance owed when taxes have been filed.

The Bottom Line

The tax laws and the business of preparing and filing taxes can be overwhelming. Avoiding the process can have serious consequences that can impact you for years to come. Taxes are expensive enough but failing to file and pay on time can add thousands in fees and penalties to your tax bill.

As a taxpayer you can avoid paying more than you have to by following the rules of the IRS and realizing ahead of time when filing for an extension may be in your best interest. The bottom line is that everyone who owes taxes will be required to pay them. Following the tax calendar and the rules of the IRS will eliminate the penalties and interest associated with outstanding tax balances.

E-file an Extension for your Business and Individual Tax returns at ExtensionTax.com. For any further support and queries please call Help Desk 1-866-245-3918 or email to support@taxexcise.com