Tag Archives: Form 4868 efile

Need More Time to File Your Tax Return! Use Form 4868

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 especially designed for individuals filing for income tax to the IRS. Moreover, an individual has the benefit of getting a tax extension for the below tax forms:

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

Explaining Form 4868:

As mentioned above, form 4868 can be used by individuals who wish to extend the time for filing their tax returns. It is important to mention the complete details when filing for an extension such as name of the taxpayer, the place of residence, social security number, payments made, due amount, etc to get an extension up to six months. However, it is good to know that it does not extend the taxpayer needs for paying the complete tax liability but only extends the time required for preparing the paperwork for filing the tax return. Taxpayers should keep in mind that the deadline to file for form 4868 is April 15th.

The Process:

Taxpayers are advised to prepare a rough draft of their tax return before filing, thus getting an idea if they have to pay or need a refund. To help them save time and efforts there are certified CPA’s to help them. Moreover, there are websites like ExtensionTax.com providing assistance to tax payers for calculating the tax returns and save time.

After preparing the rough draft, tax payers have two options. They can either file their tax return online or download the form and mail it to the respective address. Filing for tax extension online is recommended, as this help tax payers file from the comfort and convenience of their house and save the environment too.

For those filing their tax extension online should make sure to verify the details provided and rectify the errors. It is good to cross-check the social security number and other details before e-filing the form 4868.

As a reminder, form 4868 is only a way to stretch the due date by six months for filing the tax return. Make sure you pay the amount, as well as file for an extension before April 15th. Call us @ 1-866-245-3918 for complete assistance and get your queries answered.

Missing Your W-2? Here’s What to Do

It’s a good idea to have all your tax documents together before preparing your 2012 tax return. You will need your W-2, Wage and Tax Statement, which employers should send by the end of January. Give it two weeks to arrive by mail.

If you have not received your W-2, follow these three steps:

1. Contact your employer first.  Ask your employer – or former employer – to send you your W-2 if it has not already been sent. Make sure your employer has your correct address.

2. Contact the IRS. After February 14, you may call the IRS at 800-829-1040 if you have not yet received your W-2. Be prepared to provide your name, address, Social Security number and phone number. You should also have the following information when you call:

• Your employer’s name, address and phone number;

• Your employment dates; and

• An estimate of your wages and federal income tax withheld in 2012, based upon your final pay stub or leave-and-earnings statement, if available.

3. File your return on time. You should still file your tax return on or before April 15, 2013, even if you have not yet received your W-2. File Form 4852, Substitute for Form W-2, Wage and Tax Statement, in place of the W-2. Use the form to estimate your income and withholding taxes as accurately as possible. The IRS may delay processing your return while it verifies your information.

If you need more time to file, you can get a six-month extension of time. File Form 4868, Application for Automatic Extension of Time to File US Individual Income Tax Return.  If you are requesting an extension, you must file this form on or before April 15, 2013.

The Best way to file for an extension is E-filing through www.extensiontax.com, where your returns get accepted by the IRS within minutes. Extensiontax.com is now ready to accept and process Form 4868 for 2012. Do not wait till April to file for an extension, E-file it right away and stay relaxed till October 15. Call 1-866-245-3918 for all your tax extension related questions or write to support@extensiontax.com.

Certain ‘if’s to File an Extension for Tax

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Federal tax returns are due by April 15 every year. But, there is a provision with the IRS to request extension of time to do the same. Form 4868 has to be returned to the IRS which gets you an automatic 6-month extension for you to file your income taxes. Obtaining an extension to file doesn’t mean an extension to pay your taxes. You have/ought/should/must do the same by the given due date. We hope all of us including you, know this. In case you are going to file for the very first time, we hope the information is clear.

Have you ever wondered if there are any ‘if’s to claim an extension of time for filing taxes? Yes or no, here we present to you certain ‘if’ items to remind or instill in your mind respectively.

Inadequate Tax Information

“Granting time to transform, data imperfection to tax perfection.”

For just an asking, you get an addition of time. That’s what IRS says through form 4868 for filing federal income taxes. Additional time means more time to return accurate documentation to the government. Talking about a practical example, if you’ve lost the W-2 your employer sent you, it is better off to wait for the duplicate one to reach you in the meantime and then file the taxes. So, if that’s the case, it is where you take an extension of time.

Surprising Life Events

“Surprise that can stop tax surprises”

IRS understands the ability of life events to interfere with your ability to file taxes. Under any circumstance that may leave you unable to file taxes on time like birth, death, illness or anything like that, it is to be considered an important ‘if’ condition to apply for an extension. While the IRS does not need an explanation for extension, you have all the reasons to pay it on time and take an extension request.

The Time that Can Save you Some Tax

“Spending some time to extend can save money to some extent”

If you think that an extension of time that can in turn get you some substantial tax savings, well you can apply for an extension. For example, an IRS conversion may take some time in the meantime, filing an extension can eliminate your obligation to pay the tax.

An Important ‘If’

“If it’s an e-file extension, it is extensiontax.com”

It’s an undoubted statement that e-file is the best option to file any tax form. Extension tax form 4868 is not an exemption. What makes the difference is, knowing the users and making the usability of the tax software as simple as expected. And if it is that, it is extensiontax.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.com / www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290, Form8849, Form720 & 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.com / support@taxexcise.com.

Form 4868: Requesting an Extension of Time to File

 

If you need additional time to complete your 2011 tax return, you may request an automatic six monthextension until October 15, 2012.

The Internal Revenue Service requires that you request an extension of time to file whether you owe additional taxes or not. Generally, there are no penalties or interest assessed on zero balance or refund returns.No interest or penalties will be charged if you:

  • File for an extension by April 17, 2012,
  • Pay your tax liability by April 17, 2012.

Penalty and Interest Charges on Tax Owed:

Those who do not pay at least 90% of the amount due on or before April 17, 2012 will be subject to the following penalties:

Late Payment Penalty. If you do not pay at least 90% of your balance by April 17, 2012, you will be assessed a penalty of 0.5% of your unpaid taxes for each month, or part of a month, from April 17 until the balance is paid, to a maximum of 25%.

Late Filing Penalty. If you do not file your return by the due date (including extensions), you may have to pay a failure-to-file penalty. The penalty is 5.0% of the unpaid balance for each month or part of a month that a return is late, to a maximum of 25%. If your return is more than 60 days late, the minimum penalty is $100 or the balance of the tax due on your return, whichever is smaller.

File Electronically. Most taxpayers file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. In fact, 112 million people — 77 percent of all individual taxpayers — used e-file last year.

You should e-file a federal tax extension for Tax Year 2011 by April 17, 2012, the same day as the deadline to e-file a 2011 Tax Return. Once you have e-filed your federal tax extension and it was not accepted, have a grace period of 5 days after that to correct your tax extension and e-file it again. For tax year 2011, the tax extension grace period ends April 22, 2012. So please make sure you keep checking your extension status after you have e-filed it in your extensiontax.com account. If you e-file a tax extension, your new deadline to e-file a 2011 Tax Return will be October 15, 2012.

Tips: After April 17, 2012 you can no longer e-file a tax extension.

Prepare and e-file a Tax Extension Return:

Registered ExtensionTax.com Users:·

Please sign in under “Continue My Extension” from the link below. After you have signed in, click on “Start a New Return” under “Form4868” from your “My Home” page. Simply follow the on-screen instructions and complete your tax extension e-filing with the IRS. Sign in.

New ExtensionTax.com Users:·

If you have NOT registered on extensiontax.com please start an account under “Start My Extension” from the link below. After you have signed in, click on “Start a New Return” under “Form4868” from your “My Home” page. Simply follow the on-screen instructions and complete your tax extension e-filing with the IRS. Sign up.

Why ExtensionTax.com?

  • Authorized IRS e-file provider, serving the entire Nation.
  • E-File a personal, business or nonprofit organization tax extension in less than 10 minutes, for less than $10.
  • Receive an email confirmation once your extension is IRS Approved.
  • Get instant “TEXT Alert” on status of your return.
  • Simple, Safe and Secured to do only with www.ExtensionTax.com
  • Tax Expert Support through the filing.

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 2290, Form8849, Form720 & 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.com / support@taxexcise.com.