Category Archives: IRS

IRS E-file

File an extension before due date April 18!!

File it before April 18 @ www.tax4868.com

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return.www.Extensiontax.com

Use Form 4868 to request an automatic extension of time to file a U.S. individual income tax return. The extension will be granted if you properly estimate your tax liability using the information available to you. Enter your total tax liability on Form 4868, and file Form 4868 by the regular due date of your return (April 18th).

Although you are not required to make the full payment of the tax you estimate as due, Form 4868 does not extend the time to pay taxes. If you do not pay the amount due by the regular due date, you will owe interest. You should pay as much as you can to limit the amount of interest you will owe. You may also be charged penalties.

You do not have to explain why you are asking for the extension. IRS will contact you only if your request is denied. Do not file Form 4868 if you want the IRS to figure your tax or you are under a court order to file your return by the regular due.

Use Form 4868 to apply for 6 more months (4 months if U.S. citizen or resident is out of country) to file Form 1040, 1040A, 1040EZ, 1040NR, or 1040NR-EZ.

Calendar year taxpayers should file Form 4868 by April 15, 2010. Fiscal year taxpayers, file Form 4868 by the regular due date of the return.

If a US citizen or resident is out of the country on the regular due date of return, then he/she is allowed 2 extra months to file the return and pay any amount due without requesting an extension. For a calendar year return, this is June 15, 2010. File this form and be sure to check the box if you need an additional 4 months to file your return.

E-file your extension:

In order to get an extension, you need to file Form 4868 with the IRS through www.tax4868.com /www.ExtensionTax.com. Paid prepares can also electronically file Form 4868 through our service. All it takes is just minutes to complete and get easy 6-months extension.

Get 6-months Tax Extension, relax yourself, prepare and file your returns on or before Oct 15th, 2011. No penalty or interest to e-file Tax Extension. Call our Help Desk at 1-866-245-3918 or simple write to us at support@extensiontax.com

Can’t File on Time? Get an Extension until Oct. 17

Are you unable to complete and file your federal individual tax return by the April 18 deadline? If so, you can request an extension of time to file, which will automatically give you until Oct. 17, 2011, to submit your tax return to the Internal Revenue Service. Now Extension request can be made online through www.tax4868.com / www.ExtensionTax.com. Efile, It’s as Easy as 1-2-3.

An extension gives you an additional six months to file your tax return. But keep in mind that an extension of time to file is not an extension of time to pay. All outstanding balances are due on April 18, 2011.

The IRS expects to receive approximately 10 million extension requests in 2011, which is about the same as last year.

Numerous Ways to Get an Extension

When you request an extension, you need to estimate your tax liability and pay any balance due by the April 18 deadline. If you are unable to pay the total balance due, you should pay as much as possible and apply for an installment agreement.

Get 6-months Tax Extension, relax yourself, prepare and file your returns on or before Oct 15th, 2011. No penalty or interest to efile Tax Extension. Call our Help Desk at 1-866-245-3918 or simple write to us at support@extensiontax.com

Can’t Meet April 18 Deadline? File Extension.

www.tax4868.com

WASHINGTON — Are you unable to complete and file your federal individual tax return by the April 18 deadline? If so, you can request an extension of time to file, which will automatically give you until Oct. 17, 2011, to submit your tax return to the Internal Revenue Service.

The IRS expects to receive approximately 10 million extension requests in 2011, which is about the same as last year.

Numerous Ways to Get an Extension

In order to get an extension, you need to file Form 4868 with the IRS.

Taxpayers can electronically file Form 4868 through IRS Free File or Free File Fill-able Forms. Using Free File to prepare and electronically submit Form 4868 is free to everyone, regardless of income.

Paid preparers can also electronically file Form 4868 as can tax software that you run on your computer.

Finally, a paper version of Form 4868 is available for download from IRS.gov. However, the IRS will only provide an acknowledgment of your extension request if you e-file or Free File the request.

Get easy 6-month extension for filing federal individual tax return @ www.extensiontax.com

For any further support Call Help Desk at 1-866-245-3918 or simple email to us at support@extensiontax.com.

April 18 Filing Deadline Approaching; IRS Offers Tips to Taxpayers

WASHINGTON — The Internal Revenue Service today reminded taxpayers that they have two weeks remaining until the April 18 filing deadline and that they can use IRS Free File to do their taxes or file an extension.As of March 25, the IRS has received more than 82 million individual income tax returns, which is 58 percent of the 141 million returns expected this year. The IRS has received about the same number of returns so far this year as it did at this time last year, while processing of returns is up 3 percent from the same time last year.

Numerous economic recovery tax credits are also still available. The IRS reminded taxpayers that for some credits, such as the Making Work Pay Credit, individuals must claim the $400 ($800 for married couples) in order to receive it. (Use Schedule M to calculate your Making Work Pay credit.)

Usually, 20 to 25 percent of all taxpayers file in the final two weeks of the tax season. And, usually, about 7 percent of taxpayers seek a six-month extension to file.

Taxpayers have an extra weekend to file this year because of a District of Columbia holiday. The deadline for 2011 is Monday April 18, instead of April 15.

The IRS offered these filing tips as the final countdown begins:

Start now to gather information and prepare your return to avoid hasty and possibly costly errors;

Many tax credits from the American Recovery and Reinvestment Act (ARRA) are available. There’s an expanded American Opportunity Credit of up to $2,500 for tuition, books and fees; a larger energy credit of up to $1,500 and an expanded Earned Income Tax Credit for larger families of up to $5,666. The $8,000 first-time homebuyer credit is still available for people who entered into a binding contract by April 30, 2010, and went to settlement by September 30, 2010;
Consider using IRS Free File, which is brand-name software or online fillable forms, to prepare and e-file your returns – at no charge. Software is available to the 70 percent of taxpayers – those who earn $58,000 or less. And, fillable forms have no income limitations. Get started at IRS Free File;
File electronically to get a faster refund, have secure, encrypted transmission and a more accurate tax return. You can e-file through your tax preparer, through commercial software or through IRS Free File;
If you cannot meet the April 18 deadline, file an extension, Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. All taxpayers can use Free File to submit a Form 4868 for an automatic six-month extension.
The six-month extension is to file a return only; it is not an extension to pay taxes due. If you are unable to pay your taxes, file a tax return anyway to lessen the penalties and pay all that you can. Then work with the IRS to set up a payment plan or you can go to IRS.gov and use the Online Payment Agreement Application.

E-file an Extension for your Business and Individual Tax returns at ExtensionTax.com. For any further support and queries please call Help Desk 1-866-245-3918 or email to support@taxexcise.com

2011 FILING SEASON STATISTICS
Cumulative through the weeks ending 03/26/10 and 03/25/11
Individual Income Tax Returns	2010		2011		% Change
Total Receipts	82,533,000		82,276,000		-0.3%
Total Processed	77,812,000		80,318,000		3.2%

E-filing Receipts:
TOTAL	,000		71,067,000		6.8%
Tax Professionals	42,354,000		44,712,000		5.6%
Self-prepared	24,188,000		26,355,000		9.0%

Web Usage:
Visits to IRS.gov	141,109,467		151,305,611		7.2

Total Refunds:
Number	68,587,000		69,955,000		2.0%
Amount	$204.260	Billion	$206.477	Billion	1.1%
Average refund	$2,978		$2,952		-0.9%

Direct Deposit Refunds:
Number	54,738,000		57,251,000		4.6%
Amount	$175.038	Billion	$179.827	Billion	2.7%
Average refund	$3,198		$3,141		-1.8%

March IRS Live Webinar Focuses on Requirements for Federal Tax Return Preparers

WASHINGTON — The Internal Revenue Service’s next IRS Live webinar, “Requirements for Federal Tax Return Preparers” is Wednesday, March 30, at 2 p.m. Eastern Time.

The program will include current information on early program accomplishments, Preparer Tax Identification Number (PTIN) guidelines, plans for upcoming competency testing and continuing education, background checks and electronic filing requirements.

David R. Williams, director, IRS Return Preparer Office, will be the main presenter for the webinar, which will also include a panel of representatives from the tax professional industry. Panelists are: CPA David Lifson from Crowe Horwath LLP, and Bill Parrish, practicing as Bill Parrish – Private Practice Group, LLC. Retired IRS communications manager Mike Quinn will moderate the program.

Viewers can register online anytime before the program and download a calendar reminder. Enrolled agents can receive one CPE credit. Other tax professionals may receive credit if the broadcast meets their organization’s or state’s CPE requirements.

More information about CPE credit is available on IRS.gov.

Tax professionals are encouraged to watch the free webinar and submit questions by e-mail to IRS.Live@irs.gov during the broadcast.

The event will be archived for later viewing on the IRS Video Portalapproximately three weeks after the live event.