Tag Archives: Extension Tax

Tax Time Guide: Request online extension, get 6 more months to file

The Internal Revenue Service reminds taxpayers who may have trouble meeting the April 17 tax filing deadline that e-File provides an easy, online option to get more time. Taxpayers submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, will automatically be granted a six-month filing extension.

This is the seventh in a series of nine IRS news releases called the Tax Time Guide, designed to help taxpayers navigate common tax issues. The IRS offers the extra time to file, automatically, to all taxpayers requesting it. A filing extension allows taxpayers until Oct. 15 to gather, prepare and file their taxes with the IRS. However, it does not extend the time to pay any tax due.

Applying for an extension requires to complete Form 4868, with your personal information such as name, address and Social Security number. Also tax related info, about estimated tax liability, payments and residency. Taxpayers can make this extension request electronically at http://ExtensionTax.com at just $9.99. e-File would be the fastest and easiest way of filing your tax extension request.  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.

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One Last Week Left to E-file your Extension Form 4868!

more timeTime just flies away! It just feels like yesterday when we all gave a warm welcome to 2017, but it’s already 100 days old. Today is the 101st day of the year 2017. 2017 is not only 100 days old but your Personal Income taxes are due in a week’s time. This is also the 15th week of the Year 2017 and today is the 15th Tuesday of 2017. Exactly in a week’s time that is the 16th Tuesday of 2017 you have to file & pay your Personal Income Tax. If not you are not really going to enjoy the rest of the year.

Thanks to the upcoming weekend that pushes the Tax Day to April 18th, for all those Law Abiding Tax payers out there, breaking your heads because of unavailability of adequate paper work to file your personal Income tax. IRS has a gift waiting, which you can claim by E-filing Form 4868. As soon as you file your Form 4868 you will be gifted with 6 more months of time to file your Personal Income Tax. Continue reading

E-File your Business Income Taxes Now, Less Than 48 hours left!

48-hours

 

“It’s income tax time again, Americans: time to gather up those receipts, get out those tax forms, sharpen up that pencil, and stab yourself in the aorta.”Dave Barry

 

It is not at all wrong to have a thought to file your business income taxes on time, but one should make sure that they file it correctly with all the required supporting documents & pay their taxes on or before the deadline that falls on March 15th to safeguard themselves from IRS penalties & interests. Only very few have all the necessary documents handy to submit their Business Income Taxes on time which is Tomorrow March 15th. What about Others? Continue reading