Tag Archives: IRS Updates

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

Facts about Form 8868!

The official name of the form is “Form 8868 : Application for Extension of time to file an Exempt Organization Return“.

File Your Tax Extensions Online

Form 8868 is used by an exempt organization to request an automatic 3-month extension of time (6 months for a corporation required to file Form 990-T) to file its return and also to apply for an additional (not automatic) 3-month extension if the original 3-month extension was not enough. Also, the trustee of a trust required to file Form 1041-A or Form 5227 must use Form 8868 to request an extension of time to file those returns.

You cannot apply for both the automatic 3-month extension and the additional (not automatic) 3-month extension at the same time.

Use Form 8868 to apply for an automatic 3-month extension of time to file an organization’s return, and submit the original form to the IRS (no copies are needed). Or for applying for an additional (not automatic) 3-month extension.

The automatic 3-month extension (6 months for a corporation required to file Form 990-T) will be granted if this form is properly completed, filed, and any balance due on line 3c is paid by the due date for the return for which the extension applies.

File Form 8868 by the due date of the return for the form you are requesting an extension, or, in the case of an additional 3-month extension, by the extended due date of the return. When requesting an additional extension of time to file, file Form 8868 early so that if your request is denied you can still file your return on time.

An organization will only be allowed a total extension of 6 months for a return for a tax year.

Automatic 3- month (6 month in Case Corporation required to file form 990-T) can be electronically filed. However, you cannot file Form 8868 electronically if you want the additional (not automatic) 3-month extension or you are filing extension request for Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T.

Due Dates for Filing Form 8868


Form # Due Date to File Extension Description
Form 990 By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination Return of Organization Exempt from Income Tax
Form 990 BL By the 15th day of the fifth month after the end of filers tax year Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons
Form 990 EZ By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination Short Form Return of Organization Exempt from Income Tax
Form 990 PF By the 15th day of the fifth month after the end of foundation’s accounting period or from the date of complete dissolution or liquidation or termination Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Form 990 T(corporation)6 months extension By the 15th day of the fifth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust) By the 15th day of the fourth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust) By the 15th day of the fourth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (trust other than above) By the 15th day of the fifth month after the end of tax year Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 1041 A By 15th April after the calendar year (2011) U.S. Information Return Trust Accumulation of Charitable Amounts
Form 4720 By the 15th day of the fifth month after the end of entity’s accounting period Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code
Form 5227 By 15th April after the calendar year (2011) Split-Interest Trust Information Return
Form 6069 By the 15th day of the fifth month after the end of tax year Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction
Form 8870 A charitable remainder trust described in section 664(d) file by 15th April 2011. All others by the 15th day of the fifth month after the end of tax year Information Return for Transfers Associated With Certain Personal Benefit Contracts

Form 8868 can be filed electronically to the IRS through an approved E-file provider. One such Form 8868 e-file provider is www.extensiontax.com.

You can e-file an extension request using www.ExtensionTax.com software with your own computer. The IRS acknowledge receipt of the extension request if you file through ExtensionTax.com.
Remember the inbuilt provisions in e-filing service enable data maintenance efficiently. Thus your data is safe and retrievable at any point of time.
ExtensionTax.com can help you access the forms you need to e-file your extension in time. It’s Simple, Safe and Secured.
To know more about Filing your Form 8868 electronically visit www.tax8868.com/www.ExtensionTax.com.
For any further support o filing Extension for Tax Forms call our Help Desk 1-866-245-3918 or simply email your queries to support@ExtensionTax.com.

Tax Season Starts on Time for Most Taxpayers; Those Affected by Late Tax Breaks Can File in Mid- to Late February

WASHINGTON — Following last week’s tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns. In addition, taxpayers who itemize deductions on Form 1040 Schedule A will need to wait until mid- to late February to file as well.

The start of the 2011 filing season will begin in January for the majority of taxpayers. However, last week’s changes in the law mean that the IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that became law on Dec. 17.

People claiming any of these three items — involving the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction as well as those taxpayers who itemize deductions on Form 1040 Schedule A — will need to wait to file their tax returns until tax processing systems are ready, which the IRS estimates will be in mid- to late February. Continue reading