Category Archives: file extension online

Business Income Tax deadline can be Extended!

March 15^th will be the deadline to file your business income tax return and if you need more time to file, it’s not too late to e-file an extension with www.Extensiontax.com . Missing your tax deadline can incur hefty penalties & Interests. Extensiontax.com is your one-stop e-filing solution for IRS tax extensions. E-filing an extension for your business tax return is quick and easy…

Form 7004:

ExtensionTax.com supports e-filing of IRS Form 7004. This form can automatically extend your filing deadline for up to 6 months. It is not complicated to fill out and really only requires a few business details to complete. Form 7004 can be e-filed by Multi-Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts, and Estates. Continue reading →

E-file Form 7004: Postpone Business Tax Return Deadline!

IRS Form 7004, officially known as the “Form 7004 – Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns,” is a request for an automatic extension of time to file certain business tax returns. The deadline to file a Business Tax Extension is March 15th. The extension will be granted by the IRS if the business:

Complete IRS Form 7004 properly
Make a proper estimate of the tax (if applicable)
File the form by the due date of the return to which the Form 7004 applies,
Pay any tax that is due.

An IRS Form 7004 can be submitted to automatically extend the filing deadline for 32 different IRS returns. The IRS grants automatic extensions of six (6) months, on the return for which the extension is filed. The eligible returns and length of automatic extensions are listed below: Continue reading →

It’s April 18th – Tax Day! E-file for an Extension Today!

Extension

“It’s tax time. I know this because I’m staring at documents that make no sense to me, no matter how many beers I drink.” – Dave Barry. The day Dave was quoting is today. YES! You read that right, Today April 18^th, is your deadline to file and pay your Personal Income taxes. Not everyone is prepared to file their Personal Income Taxes, due to lack of paper work or lack of time. Continue reading →

Claim Extension of Time online to file your Income Tax

Exempt Organisations across USA file their income tax returns on 990 series of forms based on the type of business they are into. It is not at all unusual for an organization to need an extension of time to file their Form 990. Sometimes the annual audit isn’t finished, sometimes the CPA is too busy, sometimes the financial records are not yet in order. Whatever the reason, the first extension request is automatically granted. But you still have to file the extension request form on or before the due date of the Form 990. If you are one day late filing the extension request, it is not valid and the IRS will charge a penalty each day the Form 990 is late.

If you have claimed extra time and still you need of some more time to complete your returns you can claim Form 8868 well with in 15th of August.

Get Extra Time!

Check out the due dates for Exempt Organisations as Corporations and Trust

You cannot ask for 6 months with the first extension. You only get 3 months per request, for a maximum of 6 months. This is the time to file your 2nd request with the IRS. Part 2 of Form 8868 is used to request an additional 3 month extension. You’ll need to give a reason.

If your organization is required to file Form 990-T because it has Unrelated Business Taxable Income, and if you need an extension of time to file Form 990-T, you must file a SEPARATE Form 8868 for the 990-T.

You only need to apply for one extension for the 990-T because the extension that pertains to the 990-T is for 6 months.

What Happens When The Extended Due Date For Form 4868 Is Over?

It’s been a long time since we really updated anything at ExtensionTax.com. However, it is time for a new update. We are going to talk about form 4868 and the consequences faced if you miss filing the tax return form 4868.
As you know, the last date for filing an extension for form 4868 is April 15th of the calendar year, and you get 6 months of extended time to file your return. Your return would not be counted late as long as you submit your income tax papers by October 15th.
The extended time is to get your paper work in place, not to pay your dues. When you are transmitting your extension form via ExtensionTax.com, you need to pay your dues to the IRS, and transmit your return to the IRS. However, IRS would not send you confirmation regarding accepting your extension; however, IRS would get in touch with you if the extension is rejected.
Before we drop into the penalties and interest, let’s touch the basics first. Continue reading →