Electronically File Your Individual Income Tax Extension

The very reason IRS designed an efiling program for filers to save time and money. In 2009, nearly 100 million taxpayers filed using the e-file system. Efiling is one and only method that offers faster receipts of refunds and returns, and saves taxpayers from errors that could arise through postal, logistical or human factors.

What Is E-file?

The IRS initiated an electronic tax filing initiative in 1986, and that has blossomed into the current federal e-file program. You can e-file as an alternative to filing your taxes on paper through the postal system. The e-file system instead relies on the Internet and electronic forms. In 2009, nearly 99 million american taxpayers e-filed their tax return, while one-third of the crowd e-filed through their personal computers.

How to E-file:

You can either e-file through a certified paid tax preparer, or you can e-file on your own from your home computer through a certified efiling service provider like ExtensionTax.com. At our end, we have an application designed in the format of the form you need to file, with the questions to be answered. While you are efiling, you would be assisted with error check app, which would thoroughly check the content mentioned. Any errors found, you would notified. Continue reading →

Consequences Faced If You Delay Filing Form 4868

So filers, how are you keeping today? With a new day and a long week ahead, we are starting with a blog post for ExtensionTax.com. Today’s topic is form 4868 and the consequences faced for filing a late extension.

As you know, the due date for filing an extension for form 4868 is April 15th of the calendar year, and you get 6 months of extension time to file your return. Your return would not be counted late as long as you submit your income tax papers by October 15th. However, do note, you are liable to pay your dues by the due date. The extension of time is only to get your papers in place, not for the dues you owe. Continue reading →

Extension Of Time For Income Tax For U.S. Citizens And Resident Aliens- Form 2350

So filers, how are you doing? Today, at our blog, we are going to talk about form 2350, the Application for Extension of Time to File U.S. Income Tax Return for U.S. Citizens and Resident Aliens Abroad Who Expect To Qualify for Special Tax Treatment. If you are residing outside U.S, you have to pay your foreign earned income to the nation. Usually, the due date to file income tax is April 15th of every calendar year. Continue reading →

Form 8868- Application For Extension Of Time To File An Exempt Organization Return

Paying taxes is one of the core responsibilities we hold towards our nation. Few of the tax form come along with an extension form, which provides you with extension of time to file your return. This extension form comes in for your rescue when you are no ready with your paper work. 

When it comes to government and exempt organizations, we had always assumed they are free from paying taxes as they belong to the Government and they really have nothing to do with taxes. However, that’s not the truth. Though exempt organizations are non-profitable, they have to file taxes through the following form. Continue reading →

Business Extension Smartphone App For Exempt and Business Entities

So filers, how are you doing today? Last week we had posted about Smartphone Extension App that allows you to file form 4868 and 2350. Today, we are going to talk about business Extension App developed by ExtensionTax.com, a product of ThinkTrade Inc. Continue reading →