Tag Archives: IRS Updates

Why Filing An Extension Is Important?

File extension online

Imagine opening a letter from the IRS assessing you a huge penalty because they claim you did not file your extension on time!  There are several individuals who face this exact problem.  The irritating part is that an extension request is an arguably meaningless filing since it is automatically granted if requested. But, the IRS takes it very serious.

So with April 17th fast approaching (taxes are not due on the 15th due to the federal observation of the signing of the Compensated Emancipation Act by Abraham Lincoln in 1862), how can you protect yourself?  If you are filing your own extension for your personal tax returns with the IRS use Form 4868.  Be sure to get some kind of proof of delivery and make a copy of theextension.  Even with delivery confirmation it is difficult to prove what you sent.  The best way is to e-file the extension through Extensiontax.comthat e-files and obtains an electronic confirmation.

BEWARE!!  Just because you file an extension does not grant you additional time to pay!  The tax you calculate on the return you are going to prepare and file by October is still due by April 17.  So if you think you might not have enough tax withheld, you need to make some good estimates and send in some payments.  You can send the payment Information with Form 4868, when E-filed and the money gets automatically debited from your bank account.

If you do not pay your tax or file your return on time, interest and penalties are calculated based on any amount of tax you come up short. Interest varies with market changes (currently 4 percent a year for the IRS). IRS late payment penalties are ½ percent of the balance each month (up to 25 percent).  If you fail to timely file, the IRS penalties are 5 percent of the balance each month (up to 25 percent).  You may also incur underpayment of estimated tax penalties depending on your circumstances.

Millions of people e-file their tax extension forms every year. The IRS has a digital initiative–a push to get up to 80 percent of their forms online–and tax extensions are included in that. E-filing a federal personal, business and nonprofit tax extension with Form 48687004and 8868 is quick and easy. A tax extension extends the time to file, not to pay taxes (if they are owed).
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 2290Form8849Form720 & 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.comsupport@taxexcise.com

E-file your Extensions in 10 minutes for less than $10

Extensiontax.com makes filing tax extensionseasy with their simple and secure e-filing programExtensiontax.com is an authorized IRS e-file provider, serving the entire Nation. With Extensiontax.com, users can e-file a personal, business or nonprofit organization tax extension in less than 10 minutes, for less than $10.

The deadline for filing a tax extension is right around the corner.  With Extensiontax.com, users can e-file a six month extension quickly and easily. The complete process, starting from signing up in to the website to transmit takes just a few minutes. Plus,Extensiontax.com offers the lowest price in the industry when it comes to Efiling Extension forms 48687004 and 8868.

Extensiontax.com has loads of contextual help and support windows to guide users through the process. Other tax extension programs expect users to know what every form means; Extensiontax.com spells it out, and makes it easy. The website is intuitive, simple, and low on confusing tax jargon.

Here’s how it works:

  1. Users quickly create an account by clicking Sign up at Extensiontax.com
  2. They input their basic tax information into the application
  3. The program walks them through the process and checks for errors
  4. A couple of clicks later and their tax extensions is sent to the IRS

About e-filing :

Millions of people e-file their tax extension forms every year. The IRS has a digital initiative–a push to get up to 80 percent of their forms online–and tax extensions are included in that. E-filing a federal personal, business and nonprofit tax extension withForm 48687004and 8868 is quick and easy. A tax extension extends the time to file, not to pay taxes (if they are owed).

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 2290Form8849Form720 & 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

What is Form 4868 All About?

File your tax extension online!

April 17th is the deadline to file your income tax return, but if you are not able to file the return by the deadline. What should you do? File an extension, of course.

You can automatically extend the April 17 due date to October 15 by filing Form 4868, “Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.” So now you have six more months to file your personalincome tax return.

The good thing about Form 4868 is that simply filing this form grants an automatic, no-questions-asked 6-month extension. You don’t have to have a reason. Just sending this form to the IRS on or before April 17 gets you the extra six months.
But here’s another important point about Form 4868: This 6-month extension is NOT an extension to pay any tax you may owe on the tax return. Form 4868 only grants an extension of time to file the tax return.
So, if you usually get a refund on your personal tax return, you are OK. But, if you think you might have a balance due, or if you are not sure, then you should go ahead and prepare the return to the best of your ability, do the calculations, and see where you stand.

If you are getting a refund, great!  If you’re not in a hurry to get the refund, then file theextension form and wait until October 15 to send in the return. But if you have a balance due on the return, then you should send in your balance due with Form 4868. That way you avoid any penalty and interest for late payment of tax.

When October 15 rolls around, you send in the return, showing the Form 4868 payment as a credit. The end result is this: you paid your tax on time (April 17), and you filed yourtax return legally late (October 15) because you filed the extension form on time.

Obviously, the key here is whether or not you have a balance due on your return. If you have a balance due, but don’t send in the payment with Form 4868, then you will have penalty and interest charges for paying the tax after April 15.Bottom line: Do not overlook the fact that Form 4868 does not grant you an extension of time to pay the tax. It only gives you an extension of time to file the return.

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 2290Form8849Form720 & 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

IRS extends tax filing deadline to April 17

The IRS is giving taxpayers two extra days to get their taxes turned in this year.

While Tax Day typically falls on April 15, the IRS announced Wednesday that it is pushing back this year’s filing deadline to Tuesday, April 17.

The extension was granted because April 15 falls on a Sunday this year, and Monday is Emancipation Day, a holiday in Washington D.C. that celebrates the freeing of slaves in the district. Last year, Tax Day was extended until April 18, also thanks to Emancipation Day.

Taxpayers requesting an extension will have until Oct. 15 to file their 2011 tax returns. The IRS said it expects to receive more than 144 million individual tax returns this year, with the majority projected to be submitted by the new April 17 deadline

In order to get an extension, you need to file Form 4868 with the IRS through www.tax4868.com/www.ExtensionTax.com. Paid prepares can also electronically file Form 4868 through our service. All it takes is just minutes to complete and get easy 6-months extension.

Get 6-months Tax Extension, relax yourself, prepare and file your returns on or before Oct 15th, 2011. No penalty or interest to e-file Tax Extension. Call our Help Desk at 1-866-245-3918 or simple write to us at support@extensiontax.com

HAPPY THANKSGIVING from ExtensionTax.com

Trade, Inc. , TaxExcise.com & ExtensionTax.com wishes all the Taxpayers a Hearty and Happy Thanks Giving. All your interest and trust in getting e-filed your taxes and other excise taxes electronically with us on this month of Thanks Giving made us feel pride and more responsible.

Knowing the importance of the Form 2290 due date Taxexcise.com is highly concerned to get all their application users to go head and complete their form 2290 filings by this month before Nov 30th, 2011 and to head over a penalty free trucking. Following this Tax2290.com extends their support on Thanks Giving day as well as on weekends too.

Feel free to reach our support executives for any assistance on your tax filings. Don’t have time to sit with your filing sheets? Don’t have a computer to proceed with e-filing? Never feel regret simply give us a shout at 866-245-3918 or email us at support@taxexcise.com we’ll take care and get your filings transmitted to the IRS within minutes.

Once again ExtensionTax.com Tax2290.comTaxExcise.com Thanks and wishes you all a ‘Happy Thanks Giving’ for all the never ending support you showed to us.

Help Desk: 1-866-245-3918 support Email: support@ExtensionTax.com