Tag Archives: Extension Tax EFile

March 16 Form 7004 Deadline is just couple of days to go

Paying taxes is not optional – it’s the law. Taxpayers do have options when it comes to how they pay their taxes. The IRS offers several easy ways to pay taxes. Taxpayers can pay online, by phone or with their mobile device using the IRS2Go app, just to name a few. Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and S corporation shareholders who expect to owe $1,000 or more when they file. Individuals who participate in the gig economy might also have to make estimated payments.

Taxpayers should remember a few important things.

  • An extension of time to file a return is not an extension of time to pay.
  • Taxpayers should pay any taxes they owe by the March 16 deadline to avoid possible penalties and interest.
  • The extension request must be filed electronically or postmarked no later than March 16, 2020.

Not yet ready with all the required paper work to report the taxes, and looking to seek additional time with the IRS? then you must file the extension application by the due date of your business tax return.  Corporate tax returns (Forms 1120, 1120-A, and 1120-S) or partnership tax return (Form 1065) filers have to report Form 7004 for an automatic 6-month extension of time to file the return by September 15. Do remember to make the deposit on the Form 7004 return, of what you estimate you owe in tax. Form 7004 extension request is due by March 16, 2020.

The IRS strongly encourages people to file their tax returns electronically and choose direct deposit for faster refunds. Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. The IRS says, Form 7004 does not extend the time for payment of tax.” You must pay taxes due (estimated) by your tax return due date, even if you file an extension application. You will need to estimate as best you can because under-estimating can subject your business to fines and penalties.

Extension Application with ExtensionTax.com:

We’re the leaders in Federal Excise Tax online reporting and started supporting Federal Extension Applications since 2010 to make it more affordable and economic for our excise users and now we’re support many individuals and businesses to report the federal extension application online. Electronic filing provides fast acknowledgement that the IRS has received the return and reduces normal processing time, making compliance with reporting and disclosure of requirements easier. Electronically through http://ExtensionTax.com an IRS Authorized e-File Provider at just $14.99. Simple steps and clear work flow to complete the return faster and receive back an acknowledgement quicker.

We have a dedicated team of support agents to help you through your extension application and address any questions that come-up in the process of efiling. Reach us at 866 – 245 – 3918 or write to us at support@extensiontax.com.

November 15 deadline coming up for calendar-year tax-exempt organizations that requested six-month form extensions

If your organization filed Form 8868 for a six-month extension to file its calendar year 2017 Forms 990, 990-EZ, 990-PF, or 990-BL,the extended deadline is November 15. Filers of non-calendar year returns may see initial and extended due dates here. View File Error-Free Forms 990 before filing.

Filing deadline extensions for hurricane impact areas 

The IRS extended certain filing deadlines for taxpayers, including exempt organizations, in certain counties in North Carolina, South Carolina, Virginia, Florida and Georgia. Organizations in affected counties that had an original or extended due date on or after September 7, 2018 and before January 31, 2019 (North Carolina, South Carolina and Virginia), October 7, 2018 (Florida), or October 9, 2018 (Georgia), now have until February 28, 2019 to file affected returns, including Form 990-series annual information returns and Form 990-T, Exempt Organization Business Income Tax Return.

New IRS YouTube video for Tax Exempt Organization Search 

The video explains features of the new, mobile friendly Tax Exempt Organization Search launched earlier this year.

Tax-Exempt and Government Entities issues Annual Priority & Program Letters

This report highlights TE/GE’s 2018 accomplishments and explains the compliance programs in fiscal year 2019.

Advisory Committee on Tax Exempt and Government Entities (ACT) issues 2018 report of recommendations 

The ACT made recommendations regarding incentivizing universal e-filing for Form 990.


extensiontax.com

Many tax-exempt organizations must file information returns by May 15 or claim extension of time using IRS Form 8868 at ExtensionTax.com

The Internal Revenue Service reminded certain tax-exempt organizations that the Tuesday, May 15 filing deadline for Form 990-series information returns is fast approaching. Need more time to work on your papers or need extra time? then request IRS for additional time by filing extension tax form 8868 online at http://ExtensionTax.com and push your Due Date from May 15, 2018 to November 15, 2018.

Form 990-series information returns and notices are normally due on the 15th day of the fifth month after an organization’s tax-year ends. Many organizations use the calendar year as their tax year, making May 15, 2018 the deadline to file for 2017.

Know your return Due Date’s here

Extension of time for exempt organisations

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Now Time to Claim Extra Time for Exempt Organization Tax Returns using Form 8868 at ExtensionTax.com

The Extension Tax Form 8868 for Application for Extension of Time to File an Exempt Organization Return is now Due on May 15th, just couple of days left. Form 8868 is used by an exempt organization to request an automatic 6-month extension of time to file its return and also to apply for an additional (not automatic) 3-month extension if the original 6-month extension was not enough.

IRS Tax Form 8868 is now Due

Electronic Filing is just $9.99

Extension of time can be claimed using IRS Form 8868, by reporting it with-in the actual deadline (May 15), gives you additional time to work with your paper work. Extension of time will push your due date from May 15 to November 15, this 6-month automatic extension of time can be claimed electronically (eFile) at http://ExtensionTax.com. You may also seek additional (not automatic) 3-month of extension if required, however IRS wants you to file this additional extension request as a paper return. Continue reading

IRS provides additional day to file and pay for taxpayers through Wednesday, April 18; IRS processing systems back online

In the latest IRS release (Issue Number: IR-2018-100), April 17th Deadline is pushed to April 18th, as there was a system issue and tool some time to set it right. Here is the details from the IRS release.

WASHINGTON — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or payment due date of April 17 will now have until midnight on Wednesday, April 18. Taxpayers do not need to do anything to receive this extra time.

The IRS encountered system issues Tuesday morning. Throughout the system outage, taxpayers were still able to file their tax returns electronically through their software providers and Free File. Taxpayers using paper to file and pay their taxes at the deadline were not affected by the system issue.

“This is the busiest tax day of the year, and the IRS apologizes for the inconvenience this system issue caused for taxpayers,” said Acting IRS Commissioner David Kautter. “The IRS appreciates everyone’s patience during this period. The extra time will help taxpayers affected by this situation.”

The IRS advised taxpayers to continue to file their taxes as normal Tuesday evening – whether electronically or on paper. Automatic six-month extensions are available to taxpayers who need additional time to file can visit https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return.

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