Category Archives: Extension Tax

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E-file Tax Extension in 3 simple steps!!!

Just in 3 Steps you can now complete a Tax Extension:

Step 1: Enter Tax Payer Information

Fill in the personal data the IRS requires for you to file a Tax Extension.

Step 2: Estimate Your Taxes

Estimate and fill in your tax details, expect to owe a tax balance of any.

Step 3: Electronically File

Electronically file your tax extension and receive an IRS approval in minutes. You can also get a  TEXT Alert instantly in your cell phone. Now you have the Automatic Extension of Time to report or file your Tax returns with the IRS.

Why ExtensionTax.com:

Easy and Simple steps, to complete and efile an tax extension

Manage multiple businesses in one single Account.

Efile all your Business and Personnel Income Tax Extensions in minutes from one account.

Do an Extension from anywhere, anytime.

99% of Extensions filed through us were accepted by IRS.

Efiling is Simple, Safe and Secured only with ExtensionTax.com

Get an TEXT Alert on status of your return in your cell phone.

Note: Remember, tax extension gives you more time to file, not more time to pay.

Filing an Income Tax Extension

If you think that you can’t complete your federal tax returns before April 18 deadline, efile for an extension with IRS to avoid penalties and interest.

Need more time to file your 2010 tax return?

If you can’t complete your 2010 federal tax return by the April 18, 2011 deadline, you can buy yourself more time. (The normal April 15 deadline is pushed back this year due to a holiday weekend.)

Just file an extension to push the deadline back six months to October 15, 2011 and avoid IRS late-filing penalties.

The extension only pushes back the due date for the paperwork. If you owe money, you need to estimate the amount, then file your extension and make your payment before April 18, 2011.

How to file an extension

E-file your tax extension online in minutes with ExtensionTax.com Just 3 simple steps!!!

File an extension for time with IRS and get an automatic extension for 6 months to report your Personnel Federal Income Tax Returns.

  • E-file your Federal Extension in 3 simple steps.
  • Get an automatic 6 month tax extension to file your returns.
  • Get instant “TEXT Alert” on status of your return.
  • Receive an email confirmation once your extension is approved.
  • No Penalty to Filing an Extension.
  • Get extra time to file your Federal Income Tax Returns.
  • Simple, Safe and Secured!!! It’s Quick as well to do it with www.ExtensionTax.com – Professional way of filing extension tax

If you owe federal taxes, include your payment with your Form 4868 and pay by April 18, 2011. (If you don’t make a payment for the taxes due, you could be liable for penalties and interest, even if you’ve filed for an extension.) Then complete and file your return on or before October 15, 2011.

Who can also file for an Extension for Time?

If you live outside the United States

If you believe you will qualify for special tax treatment

Remember, www.ExtensionTax.com – Easy Extension can help you access the forms you need to file extension for Federal Business Income Tax forms 7004, 8868.

Call us @ 1-866-245-3918 or email to support@extensiontax.com

Tax Tips for Self-employed Individuals

If you are in business for yourself, or carry on a trade or business as a sole proprietor or an independent contractor, you generally would consider yourself self-employed and you would file IRS Schedule C, Profit or Loss From Business or Schedule C-EZ, Net Profit From Business with your Form 1040.

Here are six things the IRS wants you to know about self-employment:

  1. Self-employment can include work in addition to your regular full-time business activities, such as part-time work you do at home or in addition to your regular job.
  2. If you are self-employed you generally have to pay Self-employment Tax. Self-employment tax is a social security and Medicare tax primarily for individuals who work for themselves. It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. You figure SE tax yourself using a Form 1040 Schedule SE. Also, you can deduct half of your self-employment tax in figuring your adjusted gross income. Continue reading →

IRS to Start Processing Delayed Returns on Feb. 14; Most People Unaffected and Can File Now

WASHINGTON — The Internal Revenue Service plans a Feb. 14 start date for processing tax returns delayed by last month’s tax law changes. The IRS reminded taxpayers affected by the delay they can begin preparing their tax returns immediately because many software providers are ready now to accept these returns.

Beginning Feb. 14, the IRS will start processing both paper and e-filed returns claiming itemized deductions on Schedule A, the higher education tuition and fees deduction on Form 8917 and the educator expenses deduction. Based on filings last year, about nine million tax returns claimed any of these deductions on returns received by the IRS before Feb. 14.

Continue reading →

How to Get Your Prior Year Tax Information from the IRS

Taxpayers who need certain prior year tax return information can obtain it from the IRS. Here are nine things to know if you need federal tax return information from a previously filed tax return.

  1. There are three options for obtaining free copies of your federal tax return information – on the web, by phone or by mail.
  2. The IRS does not charge a fee for transcripts, which are presently available for the current tax year as well as the past three tax years.
  3. A tax return transcript shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules.  It does not reflect any changes made after the return was filed.
  4. A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data – including marital status, type of return filed, adjusted gross income and taxable income.
  5. To request either transcript online, go to http://www.irs.gov and look for our new online tool called Order A Transcript. To order by phone, call 800-908-9946 and follow the prompts in the recorded message.
  6. To request a 1040, 1040A or 1040EZ tax return transcript through the mail, complete IRS Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript. Businesses, partnerships and individuals who need transcript information from other forms or need a tax account transcript must use the Form 4506T, Request for Transcript of Tax Return.
  7. If you order online or by phone, you should receive your tax return transcript within 5 to 10 days from the time the IRS receives your request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail using Form 4506T or Form 4506T-EZ.
  8. If you still need an actual copy of a previously processed tax return, it will cost $57 for each tax year that you order.  Complete Form 4506, Request for Copy of Tax Return, and mail it to the IRS address listed on the form for your area.  Copies are generally available for the current year as well as the past six years. Please allow 60 days for actual copies of your return.
  9. Visit http://www.irs.gov to determine which form will meet your needs. Forms 4506, 4506T and 4506T-EZ can be found at http://www.irs.govor by calling the IRS forms and publications order line at 800-TAX-FORM (800-829-3676).

Links:

  • Form 4506-T, Request for Transcript of Tax Return (PDF 45.3K)
  • Form 4506, Request for Copy of Tax Form (PDF 42.3K)