IRS has always been very lenient with tax filers, providing every possible support and helping hand to them. And here comes the entry of filing an extension and requesting for extra time to get your paper work. However, when it comes to filing an extension, what are our first thoughts? Why these extensions are named automatic but they are not? They come with a prefix “Automatic” but we need to file extension form and pay the dues. So what is the point of using the term automatic?
Sit back and relax, you need to keep reading to know more.
The term “Automatic” does not go literal with forms. Automatic is an IRS jargon, indicating that you can gain extra time to file the return, but you surely have to keep IRS informed. When you are filing for an extension online through ExtensionTax.com, you are required to pay 90% of your dues to get you extension approved by IRS.
This also implies to filers that these extensions provide you with extra time to file your tax return for the respective form not extra time to pay your dues to IRS. If you don’t pay your dues by the due date, you are likely to pay what you owe with penalties and interest.
Well, in some circumstances, taxpayers get an extension of time to file without having to ask. For 2014, that includes:
- · If you’re a US citizen or resident and you live outside of the U.S. or Puerto Rico and your main place of business or post of duty is outside of the US or Puerto Rico, you qualify for a 2 month extension without having to file form 4868. Also, if you are active duty military and live outside of the U.S. you belong to this category. That moves your due date to June 16th 2014 (As June 15th is falling on a weekend) to file and pay. However, interest is still due on any tax payment made after April 17.
- · Members of the military and serving in combat zone localities generally have until at least 180 days after they leave the combat zone to file returns and pay any taxes due.
- · Also, if there are any natural calamities like tornadoes, severe storms or floods affecting any state or city, the citizen of America are applicable for filing by the revised extended due date mentioned by IRS.
ExtensionTax.com is an authentic service provider for filing extension and paying dues. Our security levels are high with encrypted security walls. Your details are safe on our servers, assuring you a reliable and efficient service for filing extension.
We hope and believe that we have cleared your questions and serve you with a better picture about extensions. However, is there something we did not cover or you have queries related to file an extension, do get in touch with our Tax Experts @ 1-866-245-3918 or shoot an email to support@extensiontax.com. We share a good bond, let’s bind in.