Tag Archives: Tax8868

IRS Reminds Small Charities to Check Their Reporting Requirements Because They May Have Gotten Simpler

The Internal Revenue Service today announced that small tax-exempt organizations may be able to shift to the simpler Form 990-N (e-Postcard) for their 2010 annual information reporting.

The IRS today issued guidance (Revenue Procedure 2011-15) that will allow more tax-exempt organizations to file the e-Postcard rather than the Form 990-EZ or the standard Form 990.

For tax years beginning on or after Jan. 1, 2010, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the e-Postcard. The threshold was previously set at $25,000 or less. (However, supporting organizations of any size must file the standard Form 990 or, if eligible, Form 990-EZ).

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Prepare and File Your Taxes Electronically

IRS e-file: It’s safe. It’s easy. It’s time. IRS e-file is now the norm; not the exception. The number of e-filed Form 1040 tax returns is approaching 1 billion after 20 years of safe, secure service. In 2010, 99 million people – 70 percent of all individual taxpayers – used IRS e-file to electronically transmit their tax returns to the IRS. It’s safe, it’s easy to use and it’s time for you to try it. Continue reading →

Free e-file from IRS, Online Forms Available

WASHINGTON — IRS Free File opened on, Jan. 14, to start its ninth year of helping make taxes a little less taxing.

Everyone can use Free File, the free way to prepare and e-file federal taxes either through brand-name software or online fillable forms. Individuals or families with 2010 adjusted gross incomes of $58,000 or less can use Free File software. Free File Fillable Forms, the electronic version of IRS paper forms, has no income restrictions.

“Free File saves you money and time preparing and e-filing your federal tax returns,” said Cecille M. Jones, acting director, Electronic Tax Administration and Refundable Credits. “Free File really does make taxes less taxing.” Continue reading →

File your taxes after April 15!

Did you know you can file your taxes after April 15? It’s easy, just e-file a tax extension (Form 4868 or Form 7004), and receive confirmation in a few hours only at www.ExtensionTax.com

The IRS doesn’t ask for a reason for the extension–it’s called an Automatic Extension of Time, so an overwhelming majority of requests are approved. You can e-file for an extension in less than ten minutes online.

E-filing is the way to go. It’s quick, easy and it is more secured. Try today and get your time to file taxes after April 15th.

Form 7004 – Extension form for Business Income Taxes.

What is Form 7004?

It’s the IRS’ form for business tax extensions, officially called “Form 7004: Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.” It’s used to request an automatic extension of time–usually five to six months–to file your taxes. Form 7004 does not extend the time for payment of tax.

Why file Form 7004?

Use Form 7004 to request an automatic extension of time–usually five to six months–to file your taxes. Form 7004 does not extend the time for payment of tax. The payment of any balance due on line 8 of Form 7004 is required by the due date of the return.

When to file Form 7004?

That depends on the tax return. Corporations operating on a normal calendar year for tax purposes must file for their tax extension by 11:59 p.m. on March 16. Partnerships, LLCs and sole proprietorships must file by 11:459 p.m. on April 15.