Tag Archives: efiling Easy Extension

Business Tax Deadlines are Right around the corner

The deadlines for businesses are coming up really soon, and if you still need to get all your information together, you should invest in a business tax extension and receive more time to file. A filing extension is automatic – you get it simply by asking the IRS for it.

But you must file the request for an extension by the deadline you’re expected to meet for filing your return – not to mention that different types of businesses have different due dates and extension periods. Check the following to see which deadline applies to you. Continue reading

Form 8868 Tax Extension For Non-Profit Organization

May 15th is right around the corner and it means that Charities and Non-Profit (Exempt) organizations are now busy preparing their tax returns. Unlike businesses and individuals, the tax deadline for these types of organizations is May 15th (if their tax year is a calendar year).

If an exempt organization does not have enough time to prepare their tax return, the IRS will allow an additional 3 months to file the return if a Form 8868 is filed by the deadline. An IRS Form 8868 is an application for 3 Month extension of time to file a tax return for a Non-Profit Organization. This form can be filed electronically throughExtensiontax.com an IRS Approved E-File Provider.

This is the fastest and safest way to file for a tax extensionE-Filing form 8868 takes only few minutes and within minutes from filing, the IRS will accept the form.  Once the form is accepted, the filer will receive an email from Extensiontax.com.When paper filing this form there is no letter of acceptance, but it is nearly instant when e-Filing.

NOTE :tax extension does not extend the amount of time to pay the tax.  It extends the amount of time to file the official tax return. Any taxes due will still be due on thetraditional deadline or else there will be additional penalties and interest.

E-Filing form 8868 through Extensiontax.com is the easiest way of filing it. The application is very simple. Instead of filling out a complicated tax form, there are just a series of easy to answer questions. Extensiontax.com has simplified all the confusing tax jargon’s and created an incredibly simple application to E-File form 8868 with the IRS.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.comwww.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290Form8849Form720 & Extensions for  Form4868,  Form8868 and Form7004.

www.ExtensionTax.comwww.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@extensiontax.comsupport@taxexcise.com.

Tax Deadline Extended To April 17 2012.

The deadline to file personal tax returns with the IRS for the 2012 Tax Season has been extended to Tuesday, April 17, 2012. The traditional deadline of April 15 falls on a Sunday this year. Since April 15th falls on a weekend, the official deadline had to be changed. It could not be the following Monday (April 16) either due to the fact that April 16th is Emancipation Day. Emancipation Day is considered to be a holiday for the District of Columbia, and Federal Law declares that agencies such as the IRS must observe such holidays of the District of Columbia.

This will be the second year in a row in which the deadline for most tax returns will not be on the traditional deadline of April 15. Tax returns were also later last year due to the Emancipation Day holiday.The same deadline applies to anyone filing a Personal Tax Extension as well as a normal tax return. If a Tax Extension is applied for, this does notpostpone the tax payment. It only extends the time in which to file the tax return itself with the IRS.

Any taxes due must still be paid by April 17 deadline, but with a tax extension, the completed return does not need to be filed until October 15. This 6 month extensionallows tax preparers and others to get the most out of any credits and refunds.One of the easiest ways to apply for a tax extension is through www.Extensiontax.com The Fast and Easy-To-use System makes tax extensions simple and easy.  The entire process takes only a few minutes to complete.

One of the greatest things about filing with Extensiontax.com is our dedication towards quality customer support.  If you have any questions about the filing process or would like a little help along the way, you can call, email or chat online with our Tax Expertsanytime. You can email the us at support@extensiontax.com or chat with us online from the website:Extensiontax.com Overall, it is hard to go wrong with an easy-to-use system, a helpful team along the way, and affordable pricing options.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290Form8849Form720 & Extensions for  Form4868,  Form8868 and Form7004.

www.ExtensionTax.com /www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at  support@extensiontax.comsupport@taxexcise.com

IRS Terms That You Need To Know When You File For An Extension!

Filing a Tax Extension is very simple when you use Extensiontax.com.  All that is required to file it is basic information about your business.  There are few terms that one needs to know before submitting a Tax Extension for a Business, Individual, or Nonprofit Organization.

IRS Form 7004: This form is used by businesses such as Multi-Member LLCs, C Corporations, S Corporations, Partnerships, Trusts, and Estates.  This is commonly referred to as a form forBusiness Tax Extensions.  This IRS Form gives aTax Extension of 5 – 6 months.

IRS Form 4868: This form is used for filing Individual or Personal Tax Extensions.  This IRS form gives a Tax Extension of 6 months for personal returns, 1099 Contractors, Sole Proprietorship’s, and Single-Member LLCs.

IRS Form 8868: This form is used by Non-Profit and Exempt Organizations.This IRS form is used to apply for an automatic 3 month tax extension or a non-automatic (additional) 3 month extension.

Tax Extensions: Filing for a Extension with the IRS extends the amount of time to file a Tax Return.  It does not extend the amount of time to pay taxes.  The IRS wants the taxes to be paid by the traditional filing deadlines.

Filing Status: If you are filing for an individual tax extension, it is required to list your filing status (married filing jointly, single, married filing separately, etc.).The same way if you are filing an Extension for a business or nonprofit organization, it is required to list your business or organization’s type and the specific tax form that will be filed.

Business Tax Year: It is common to use the calendar year as the business tax year but that is not the case for every Business.If a business follows a different tax period, that needs to be specified.  Also if a business was started or ended during the year, its tax period may be shorter than a full year and that needs to be specified too.

Estimated Tax Amount: Tax Extension extends only the amount of time to file a tax return.  It does not extend the amount of time to pay taxes.  Therefore, you need to pay the full Tax amount that is due to the IRS by the traditional deadline.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290Form8849Form720 & Extensions for  Form4868,  Form8868 and Form7004.

www.ExtensionTax.com /www.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at  support@extensiontax.comsupport@taxexcise.com

IRS Reminds Parents of Ten Tax Benefits

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Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits.

Here are 10 things the IRS wants parents to consider when filing their taxes this year.

1. Dependents In most cases, a child can be claimed as a dependent in the year they were born.

2. Child Tax Credit You may be able to take this credit for each of your children under age 17. If you do not benefit from the full amount of the Child Tax Credit, you may be eligible for the                                                                       Additional Child Tax Credit.

3. Child and Dependent Care Credit You may be able to claim this credit if you pay someone to care for your child or children under age 13 so that you can work or look for work.

4. Earned Income Tax Credit The EITC is a tax benefit for certain people who work and have earned income from wages, self-employment or farming. EITC reduces the amount of tax you owe and may also give you a refund.

5. Adoption Credit You may be able to take a tax credit for qualifying expenses paid to adopt an eligible child. If you claim the adoption credit, you must file a paper tax return with required adoption-related documents.

6. Children with earned income If your child has income earned from working, they may be required to file a tax return.

7. Children with investment income Under certain circumstances a child’s investment income may be taxed at their parent’s tax rate.

8. Higher education credits Education tax credits can help offset the costs of higher education. The American Opportunity and the Lifetime Learning Credits are education credits that can reduce your federal income tax dollar-for-dollar.

9. Student loan interest You may be able to deduct interest paid on a qualified student loan, even if you do not itemize your deductions.

10. Self-employed health insurance deduction If you were self-employed and paid for health insurance, you may be able to deduct any premiums you paid for coverage for any child of yours who was under age 27 at the end of the year, even if the child was not your dependent.

Forms and publications on these topics are available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

E-file your IRS Tax Extensions with www.ExtensionTax.com.

www.ExtensionTax.com is committed to provide the Best in Quality and Service for all our users,  www.ExtensionTax.comwww.TaxExcise.com is a certified, IRS authorized, e-file service provider for  Extensions for  Form4868,  Form8868 and Form7004 & for Form 2290Form8849Form720 .

www.ExtensionTax.comwww.TaxExcise.com are products of Think Trade Inc. We are a BBB accredited company with A+ certification.
For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at  support@extensiontax.comsupport@taxexcise.com.