Category Archives: Extension Tax

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Apply For Extension Of Time To File Business Income Tax Through Form 7004

Every corporate business, partnerships, and certain trusts are mandate to file and pay tax through the applicable form. However, due to the time constraint and the workload, IRS has considered this and provided taxpayers with extra time to file your tax return if they file an extension.

What Is Form 7004?

This is an application for Automatic Extension of Time to File Business Income Tax, Information, and other returns, allowing you to gain extra time to report IRS with the required documents if you don’t have them handy. The due date to file form 7004 falls on 15th of March and it is liable to file the extension by the due date if you wish to gain extra time to report IRS with your business income tax.

However, this year 2015, March 15th is falling on a weekend, and thus, 16th of march would be the due date to file and report form 7004. Do note, extension would be granted only if proper estimation is made and file by the actual return date for, which this extension applies.

The form is divided into 3 different parts. Part I is for filers who are filing for 5 months extension and part II is for 6 months extension filers. However, part-III is mandatory for filers to file and submit, which contains details about your organization, amount due and balance to be paid to IRS. This form should be mailed to IRS on or before the due date. If you’re efiling withExtensionTax.com, the whole procedure is simplified and converted into one application. Key in your information, the application would take care of the rest.

Depending upon the form, you can gain 5 months and 6 months of extension. You are mandate to file your tax return by the end of the extended time i.e. 15th of October. Continue reading

Is Paying Taxes Online With Extensiontax.Com A Safer Option?

These days, efiling is creating hype in the virtual world. And it is leaving its imprint behind. With the technology moving steadily, it is our responsibility to take a leap and experience anew. Most of the extension tax filers prefer filing their extension online as efiling has its own set of advantages, with minimal disadvantage. And this leaves with a large room for taxpayers to come over and efile their return. Continue reading

What Are Automatic Extensions? Discover The Unknown

IRS has always been very lenient with tax filers, providing every possible support and helping hand to them. And here comes the entry of filing an extension and requesting for extra time to get your paper work. However, when it comes to filing an extension, what are our first thoughts? Why these extensions are named automatic but they are not? They come with a prefix “Automatic” but we need to file extension form and pay the dues. So what is the point of using the term automatic? Continue reading

Wake Up Tax Payers, File Your Income Tax Return or File Form 4868

Welcome tax Payers. Time And Tide waits for none; the famous quote says it all. With just 9 days left, we hope you have your papers ready to file your income tax return and if you are not set, you ask the IRS for 6 more months by filing form 4868, the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Continue reading

File your Income Tax Return by April 15th or File for an Extension

“Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice. Welcome to our blog taxpayers. Today in our blog, we would discuss about form 4868, the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. With time running short, we would like to remind our taxpayers about the due date that falls on April 15th to file an extension via form 4868 and gain 6 months time to file Individual Income Tax Return. Continue reading