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Tax filing Time Extended for all Boston Residents and the Affected Individuals – The IRS

The Boston Marathon explosions have left a strong impact on the lives of people that were a part of it. Usually conducted on the third Monday of April i.e., on the Patriots’ Day it is one of the world’s best racing events well participated and viewed by people from various parts of the country. This year the racing event ended with much distress and agony after the two explosions that occurred near the finishing line. However, as a sigh of relief, the Internal Revenue Service has extended the tax filing time to 3 months for taxpayers residing in the Boston area and those affected by the explosion.

The announcement made by the IRS about the automatic extension of the tax filing date by three months can bring in some relief to the taxpayers who have been affected by the twin explosions in Boston Marathon. This tax extension of three months applies to taxpayers residing in Boston, as well as in and around the city such as Suffolk county and Mass. Moreover, the increase in the tax deadline even applies to the sufferers, their family members, casualty providers, and everyone who have been a part of the disaster. Taxpayers can visit IRS.gov for additional information about the automatic extension of the tax filing date.

It is surely heart touching to see the aftermath caused during the Boston Marathon on April 15th, 2013. The now IRS acting commissioner, Steven T. Miller has also expressed his grief towards the affected individuals, therefore, have decided to give them an additional three months time for filing their tax returns. Therefore, taxpayers concerned about paying taxes can stay relieved by the announcement made by the IRS. In simple words, taxpayers are not subjected to any dues or penalties if they file their tax returns before July 15th, 2013.

Individuals residing in Suffolk County are not required to take any action, as this rule automatically applies for them. However, individuals residing outside the Suffolk County should call the IRS @ 1-866-562-5227 before April 23rd to know if they are eligible for the relief declared. Additionally, taxpayers who have received a penalty notice can call the IRS to enquire about the same. Moreover, they always have the option to e-file for tax extension by July 15th, 2013 and get an extension up to 6 months. We at ExtensionTax.com have developed a user-friendly e-filing system that can help taxpayers file tax form 4868 from the comfort and convenience of their house. Reach us @ 1-866-245-3918 for any queries or suggestions.

Criteria under Form 7004-Automatic 6-Month Tax Extension – Part 3

Here comes the third part of “Criteria under Form 7004-Automatic 6-Month Tax Extension” next to Form 7004 tax extension part-1 and Form 7004 tax extension part-2. Again, all these Income tax returns listed under this part has to be filed before March’15, 2013. This extension is valid for 6 months.

  • U.S. Income Tax Return for Regulated Investment Companies:  If you are managing a regulated investment company, you have to file income tax return through Form 1120-RIC. If you are in need file an extension, file Form 7004 before March’15, 2013.
  • U.S. Income Tax Return for an S Corporation:  If you owe to file Form 1120S and if you expecting for extending filing time, file Form 7004 before March’15, 2013.
  • U.S Income Tax Return for settlement Funds: If you are required to file Form 1120-SF taxes under 468B, you can go for an extension request before March’15 2013.
  • Annual Information Return of Foreign Trust with a U.S owner:If you are liable for Annual Information Return of Foreign Trust with a U.S owner via Form 3520-A, file Form 7004 to get automatic 6 month extension. The deadline is March’15.
  • Return of Excise Tax on Undistributed Income: If you are liable for excise tax return on Real Estate Investment Trust’s undistributed income via Form 8612, file Form 7004 for automatic extension. The last day to file this extension is March’15.
  • Return of Excise Tax on Undistributed Income: : If you are liable for excise tax return on regulated investment company’s undistributed income via Form 8613, file Form 7004 for automatic 6 month extension before March’15th of this year.

Check Delight in extension without filing any form for more information on this. You can e-file an extension immediately at extensiontax.Call our toll-free number 1-866-245-391 at for any queries, no matter when. Happy e-filing!

Criteria under Form 7004-Automatic 6-Month Tax Extension – Part 2

Dear readers, following our last week’s article, Criteria under Form 7004-Automatic 6-Month Tax Extension – Part 1, here comes Part-2 of it. All those Income tax returns listed under this part owns extension deadline by March’15, 2013 with 6 months automatic extension.

  • Return for Nuclear Decommissioning Funds and Certain Related Persons: If you owe to file Form 1120-ND and you are in need of more time to prepare your returns, you can file Form 7004 before March 15, 2013.
  • Return of a Trustee or Self Sealer who owes tax under section 4951: If you are required to file Form 1120-ND taxes under section 4951, you can file an extension before March’15 2013 for extending your filing time. 
  • U.S. Property and Casualty Insurance Company Income Tax Return: If you are liable for U.S Property and casualty Insurance Company Income Tax Return through Form 1120-PC and you couldn’t file on time; file Form 7004 to obtain 6 months extension.  If you are filing for a short year, your extension deadline ends by 15th day of third month. 
  • U.S. Income Tax Return for Certain Political Organizations: For filing returns under Form 1120-POL (Income tax return for certain Political Organizations), you must file an extension through Form 7004. 
  • U.S. Income Tax Return for Real Estate Investment Trusts: Application for Extension for Form 1120-REIT (Income Tax Return for Real estate investment trusts) can be done through Form 7004 on or before March’15, 2013.

The stress free way to relieve from IRS tax penalties and interests is to file taxes on time or to file an extension. Why to still mess up with all those aches? It’s better to file your taxes at right time. Call our customer care executive at 1-866-245-3918 or write to support@extensiontax.com. Happy e-filing!

Criteria under Form 7004-Automatic 6-Month Tax Extension – Part1

March 15, 2013 falls as deadline to file taxes for certain Businesses that follows calendar year tax period. Let us take you through the insights of the forms that qualify for an extension through Form 7004.

  • Annual withholding tax return for U.S Source Income for Foreigners: If you are a foreigner and you are not able to file your Form 1042, annual withholding tax return for U.S source income by March 15. You can file Form 7004 for getting automatic six month extension.
  • U.S Corporation income tax return: If you have a business that owes U.S Corporation income tax Form 1120 which you cannot file before the deadline you can get an automatic 6 month extension by filing FORM 7004.
  • U.S Income Tax Return Of A Foreign Corporation: If you own a foreign corporation that is liable for U.S Income tax, which needs more time to file Form 1120-F.File Form 7004 for automatic 6 month extension. If you do not have office in the United States at this point of time, you can file for an extension by Jun 15, 2013.
  • U.S Income Tax Return Of A Foreign Sales Corporation: A foreign sales corporation, that needs some time to file its income taxes (1120-FSC), can opt for a 6 months extension by completing Form 7004 before the deadline.
  • U.S Income Tax Return for Home owners associations: If you are required to file income tax return, that is applicable for Home owners association and if you need more time to gather all your paper work to file From 1120-H. You can avail a 6 month extension by filing Form 7004
  • U.S Life Insurance Company Income Tax Return: If you are bossing an Insurance company in the United States, which needs additional time to file Form 1120-L. Then you may get a 6 month extension by filing Form 7004.

All the extension for the forms listed above fall under part-1 of Form 7004 and needs filing before March 15-2013. All the extensions last for 6 months. Need more clarification call 1-866-245-3918 or write to support@extensiontax.com, the best in the business is ready to help you! This is why you have to file with extensiontax.com.

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.