Tag Archives: Form 7004

March 16 Form 7004 Deadline is just couple of days to go

Paying taxes is not optional – it’s the law. Taxpayers do have options when it comes to how they pay their taxes. The IRS offers several easy ways to pay taxes. Taxpayers can pay online, by phone or with their mobile device using the IRS2Go app, just to name a few. Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and S corporation shareholders who expect to owe $1,000 or more when they file. Individuals who participate in the gig economy might also have to make estimated payments.

Taxpayers should remember a few important things.

  • An extension of time to file a return is not an extension of time to pay.
  • Taxpayers should pay any taxes they owe by the March 16 deadline to avoid possible penalties and interest.
  • The extension request must be filed electronically or postmarked no later than March 16, 2020.

Not yet ready with all the required paper work to report the taxes, and looking to seek additional time with the IRS? then you must file the extension application by the due date of your business tax return.  Corporate tax returns (Forms 1120, 1120-A, and 1120-S) or partnership tax return (Form 1065) filers have to report Form 7004 for an automatic 6-month extension of time to file the return by September 15. Do remember to make the deposit on the Form 7004 return, of what you estimate you owe in tax. Form 7004 extension request is due by March 16, 2020.

The IRS strongly encourages people to file their tax returns electronically and choose direct deposit for faster refunds. Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. The IRS says, Form 7004 does not extend the time for payment of tax.” You must pay taxes due (estimated) by your tax return due date, even if you file an extension application. You will need to estimate as best you can because under-estimating can subject your business to fines and penalties.

Extension Application with ExtensionTax.com:

We’re the leaders in Federal Excise Tax online reporting and started supporting Federal Extension Applications since 2010 to make it more affordable and economic for our excise users and now we’re support many individuals and businesses to report the federal extension application online. Electronic filing provides fast acknowledgement that the IRS has received the return and reduces normal processing time, making compliance with reporting and disclosure of requirements easier. Electronically through http://ExtensionTax.com an IRS Authorized e-File Provider at just $14.99. Simple steps and clear work flow to complete the return faster and receive back an acknowledgement quicker.

We have a dedicated team of support agents to help you through your extension application and address any questions that come-up in the process of efiling. Reach us at 866 – 245 – 3918 or write to us at support@extensiontax.com.

Time to File an Extension Application for Corporate or Partnership Taxes if you indeed need it

Business taxpayers it is your time now, as the taxes are up for due this March 15 and April 15certain corporates or LLC or partnership firms have to react. When you need additional time to work with your paper work submit in your Internal Revenue’s Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns—Form 7040 now. Form 7004 is the form used to file for an automatic extension of time to file business tax return for firms that comes under partnership, a multiple-member LLC filing as a partnership, a corporation, or s-corporation. This application will only extend the time to file and not the time to pay the taxes.

You must file this extension by the due date of your business tax return. This is an automatic extension, so you don’t have to worry about your extension being approved. However we shall keep you updated by sharing an email on your acceptance status. Make sure the return is filed with the IRS before the actual deadline to avoid last minute surprises.

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Form 8868, Non-Profit Organization Tax Extension: Deadline Alert!

May 15th is the deadline to file your Non-Profit Organization Income Tax Return and if you need more time to file, it’s not too late to e-file for an extension with www.Extensiontax.com . Missing your tax deadline can incur hefty penalties & Interests. Extensiontax.com is your one-stop e-filing solution for IRS tax extensions. E-filing an extension for your business tax return is quick and easy…

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Less than a Week Left to E-file your Extension Form 4868!

2019 is 100 days old already and your Personal Income taxes are due in less than a week’s time. Exactly by Monday that is the 15th April 2019, you have to file & pay your Personal Income Tax. If not you are not really going to enjoy the rest of the year.

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

Postpone Your Tax Due Date by 6 six months – E-file Form 4868!

If we are paying attention to our lives, we’ll recognize those defining moments. The challenge for so many of us is that we are so deep into daily distractions and ‘being busy, busy’ that we miss out on those moments and opportunities that – if jumped on – would get our careers and personal lives to a whole new level of wow. In today’s modern lifestyle almost every individual cribs stating that 24 hours a day is not enough to take care of their daily chores.

Month of April is here and your Personal Income Tax is due in another 13 days. You read that the deadline to file your personal Income tax is April 15th. Well, though the due date is 13 days away is that really enough for you to gather all the required paper works and file your Personal Income Tax on time without any mistakes. We can hear that loud “NO” so can the IRS. Continue reading