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1/16/2017

Valid Reasons For Filing a Tax Extension



Tax deadlines are the same day every year unless pushed back a day or two for a holiday, but for some reason, the deadlines still sneak up on us. What do you do when taxes seem to come out of nowhere? Do you start frantically digging through piles of paperwork and lose sleep to get everything prepared in time? We hope not, because you can file an extension.

An Extension


If you need a little more time to prepare for your taxes, simply file an extension. Depending on the form you can get between 30 extra days to 6 months to file your taxes. However, it important to know if your extension is automatic or not.

Some forms like the 8868, are automatic, meaning you don’t have to provide a reason for filing the extension. As long as you complete and correctly file the proper paperwork in time then your extension will be automatically approved.

Other forms like the 8809 do not have automatic extensions. This means that you have to provide a valid reason for needed a tax extension that will either be approved or disapproved by the IRS.

If your extension is approved by the IRS you won’t hear from them. However, if your extension isn’t approved you’ll be notified via mail. A letter will be sent to you or the entity that filed the extension.

Also, even when the IRS approves extensions, automatically or not, they reserve the right to terminate the extension at any time. If the IRS chooses to terminate your extension you’ll be notified via mail and the extension notice will be mailed out at least 10 days prior to the termination date.

REMEMBER: Extensions don’t give you extended time to pay your taxes. They only extend the amount of time you have to file them.

Valid Reasons For Extensions


Now that you know more or less what an extension is, let’s go over a few reasons the IRS deems valid for them.

You might have missing or incorrect information. During tax time papers circulate around the office and become mixed in various piles. You may be waiting to get your W2 from your employer, or you may be waiting for your employees so they can tell you if their information on them is correct or not.

Oftentimes financial institutions send out 1099’s to their clients to report interest or dividends, and a majority of these forms get returned either late, or inaccurate information. So, if you finding yourself waiting on information, missing information, or you already know that corrections will be made then file an extension.

You schedule might get busy and something may have bad timing. For example, life doesn’t stop for taxes, even if the IRS thinks it does. That’s why if you find yourself busy with the birth of a child, loss of a loved one, buying or selling a house, with a sudden illness, busy during the peak season for your sales, or busy putting a lot of time in your new business trying to grow it then you’ve got yourself a valid reason for a tax extension.

Maybe you’ve found yourself out of time for the tax season. A lot of people travel for business and a few people like to enjoy early spring vacations around April 15th when tax returns are due. The IRS gets it. While you’re away you might not have access to important documents you need to file and you might not want to e-file. Simply file for an extension. 

If You Can’t Pay…


Unfortunately, being unable to pay for your taxes isn’t a valid reason for an extension. Payments or due regardless if you have an extension or not by the IRS deadline. However, if you can’t afford your taxes you can get an installment plan.

Installment plans are plans agreed upon by the IRS to let you pay for taxes in monthly installments until they’re paid off. However, you’ll still face penalties for paying late, and there will be interest on the amount you owe.

It’s actually oftentimes much cheaper and better to simply pay your taxes with a credit card before they’re due.

If you find yourself in a situation where you absolutely need an installment plan the IRS is flexible and will work with you on the lowest rate you can afford, even though it’s best to pay the amount you owe as quickly as possible. Also, you’ll receive less interest if you can pay off your installment plan within 120 days. 

ExpressExtensions Is Here To Help


We will help you quickly e-file for tax extensions online. Our system provides step by step instructions to help you easily fill out the extension form that you need, and we will notify you via email if the IRS rejects your form.

Also, our outstanding support team is always here to answer any questions that you may have. Contact us via phone Monday - Friday 9 AM to 6 PM EST at 803.514.5155. We also offer 24/7 email support at support@expressextensions.com
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1/12/2017

Remember, Form 7004 Comes With Tentative Taxes



Hey business owners, don’t stress out, but tax time is here again! We know, it always seems like there is something due right around the corner, especially when you’re at your busiest time of year. If you don't have all of your receipts, records in order, or just generally find yourself too busy to file taxes right now, you’re in luck because we can help you file a Form 7004.

Form 7004


Form 7004 is an IRS tax form for the application of the automatic extension for filing certain business income tax, information, and other returns. It can be filed for businesses, corporations, certain trusts, and partnerships.

Since the form is automatic then the form is automatically accepted. This is a relief because other nonautomatic forms require you to give a valid reason for your extension that has to be approved by the IRS. You won’t hear from the IRS if your extension is approved.

However, even though the form is automatically accepted by the IRS they reserve the right to terminate your extension at any time. If they choose to terminate your extension you, the person, or the entity that filed for the extension for your business will be notified via mail. The notice will be mailed out at least 10 days prior to the termination date given.

- To file for a five-month extension file form 1a.
- To file for a six-month extension file form 1b.

Remember, your form 7004 must be filed by the time that your business tax return is due. For example, form 1120 is due by March 15th, so to get an extension on it you’ll need to file your form 7004 by March 15th. Otherwise, you may face fines and penalties.

PLEASE NOTE: Now we can’t stress this enough, it’s extremely important to remember that the 7004 only gives you an extension on filing your taxes, not paying for them. You have to pay a tentative tax by March 15th.

A tentative tax is an estimate of the amount of that your tax bill will be. It could end up being more or less. Tentative taxes are calculated before credits are taken into account which could increase or decrease the amount owed. Most people just use the same amount that they paid last year. 

Filing Your Form 7004 With ExpressExtensions


It’s extremely easy to file your form 7004 electronically with ExpressExtensions. We make the process headache free, and it can be completed in a matter of minutes after you create your ExpressExtensions account.

Once you select “Create New Extension” You can follow simple instructions to fill out your form 7004. All you’ll need is your:

- Business Name
- Address
- Tax-ID/EIN
- And Tentative tax.

Once that information is correctly filled in we will handle the rest. Although, you do need to make sure that your information matches what the IRS has and you can do that by contacting the IRS at 1-800-829-4933.

Click submit and you’re done. If the IRS rejects your form for any reason we will email you with instructions on how to correct the issue then you can resubmit your form for free, as many times as you need.

Contact Us With Your Questions


We know that taxes can be confusing with numbers, letters, due dates, and more. Luckily for you, we’re tax pros, and will be more than happy to answer any of your questions over the phone Monday - Friday 9 AM to 6 PM EST at 803.514.5155. We also offer 24/7 email support at support@expressextensions.com.
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1/09/2017

Small Businesses Do Know Your Tax Deductions?



Whoa, 2017 got here fast, and now that the holidays are over it’s really sinking in. Instead of just thinking in terms of a new year meaning a new you, it should also mean a new business. It’s time to grow and prosper more than ever. One simple way to boost your business is to save money where you can, and that can be done by taking advantage of a few small business tax deductions that most people don’t know about.

What Are Deductibles?


Deductibles are what you’re allowed to deduct from taxable income when you’re calculating how much income tax you have due. If used correctly they basically reduce the amount of taxes you owe to the government. Unfortunately, most people don’t know about deductions and write offs they can claim and end up paying more than they have to.

Small Business Deductibles


Meals


You’ve probably heard a business person boasting about writing a meal off at some point in your life because they can. However, in most instances, meals are only covered up to 50% and in some cases, they are actually covered 100%.

When eating out for strictly business reasons like to wine and dine a client keep important records of who you were with, when, why, and where, because the IRS can reject this deductible to prevent people from getting lavish meals every time, and to stop bosses from taking the same coworker out to lunch multiple times a week.

Now, meals are fully covered if they’re to benefit your team. You can provide coffee for your team and the occasional lunch or dinner to say a good job. This is slightly off topic, but you can even give your employees gifts and deduct the costs, up to $25 per person.

Travel


Of course, business trips are deductible. The costs of travel, meals, and lodging are deductible, and in some cases so are the vehicles.

If you use a car, truck, or small van for your business keep track of the mileage, gas, oil changes, parking fees, insurance, and maintenance costs because they can all be deducted.

However, keep in mind that these costs can only be deducted when used for business purposes. Your daily commute isn’t included!

Rent & Utilities


If you have a business you need a place to put it. That’s a fact. Once you place it in an office building, store front, factory, or any other type of facility you can deduct the rent! Also, you can deduct the cost of maintenance and insurance on the space.

Here’s a fun fact, you might even be able to deduct your cost of moving when changing business spaces. Just make sure to properly file the paperwork, and remember that the new location must be at least fifty miles away from the old one.

If you rent any equipment, or if you’re leasing to own any equipment the costs of those items can be deducted as well.

There are basic necessities to keep a business running, right? You know like electricity, water, gas, phones, and internet? They’re very important these days, that’s why they’re deductible. Although, keep in mind that items like phones must be used for business purposes only. Records of who you call will show if you’ve been making personal calls or not.

This isn’t necessarily a utility, but buildings need to be cleaned, and workplaces need to be sanitary, which is why cleaning products that your cleaning staff uses can be counted as deductibles. 

Employees


You know those people who work for you and make it possible for your business to succeed? They provide you with some deductibles. For example, their wages count as deductibles. Even if you have a contractor or a freelancer, whatever you pay them can be deducted.

Employee benefit plans such as education or training for licenses count as deductibles, as well as retirement plans.

When is comes to health insurance small businesses might qualify to claim a tax credit for up to 50% of insurance premiums on each employee. However, if you’re self-employed you can apply for a deduction on your personal tax return, not your businesses. 

Claim Those Deductibles!


It’s a new year, and it’s time to take your business to new levels of success. Start by finding savings wherever you can, even with tax deductibles. You may be eligible for tons of deductibles that you may not even know about. This is where an accountant or certified professional can help.

Also, the ExpressExtension team is always here to help. Please don’t hesitate to contact us over the phone Monday - Friday from 9 AM to 6 PM EST at 803.514.5155. We also offer 24/7 email support at support@expressextension.com
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1/05/2017

Prepare For The Changes Coming to Form 8809



Happy new year, again. We’re sure you’ve been hearing that a lot lately, as we’re officially a few days into 2017. Remember the tax season in 2016? We hope it wasn’t stressful for you, and thank you for filing with us if you did.

As we bring in the new year we also bring in a new tax year, which unfortunately isn’t too exciting unless you’re an accountant. However, it’s important to keep in mind that with the new year comes tax changes, so whether you’re excited about taxes or not, please keep note of what’s new or different.

One form that has made some notable changes is the form 8809.

What is the form 8809?


We’re glad you asked, that’s an easy question for us to answer. Form 8809 is the information return tax extension form for employers who need more time to file their 1099s, W-2s, or ACA forms with the IRS.

For whatever reason, if you’re really busy, or just planning in advance to file a little later then the form 8809 is your go to for an extension.

In order to get your 30-day extension, you must have your form 8809 correctly filled out and submitted to the IRS by the due date of the file you’re trying to get an extension on. Keep in mind that you’ll now have to provide a valid reason for your extension.

Please remember that the extension only grants you 30 extra days. You’ll still be responsible for filing your taxes. If your extension has not been approved and you file your taxes late, or don’t file them at all you could be subject to fines and penalties.

So, What’s Changed Regarding the Form 8809?


Ah, another good question! In 2017 the IRS will only allow employers to file a single 30-day extension for the w2 series, and the extension will not be automatic. Meaning that instead of your form 8809 being automatically approved for being turned in on time, you’ll have to provide a valid reason for needing an extension, and it will need to be approved by the IRS. However, these changes may not go into effect until the 2018 season.

Currently, if you need more time to file your 1099s or W-2s, you can file an 8809 for an automatic extension. You can also file for a second 30-day extension but you will need a valid reason for this extension and it must be approved by the IRS.

Now the removal of the automatic 30-day extension comes with good reason, it’s not a willy-nilly decision. It’s to make W-2 forms available earlier in the system in order to more easily detect identity theft and refund fraud. 

Also, the W-2 filing penalties have changed:


You’ll now receive a $50 penalty per W-2 if the forms are filed late within 30 days of the due date. The maximum penalty is now $532,000 per year and $186,000 for small businesses.

You’ll receive a $100 penalty per W-2 if the forms are filed over 30 days past the due date, but are filed before August 1st. The maximum penalty is $3,193,000 per year and $532,000 for small businesses.

You’ll receive a $260 penalty per form if you file after August 1st, and don’t file corrections, or don’t file the required forms. The maximum penalty is $3,193,000 per year, and $1,064,000 for small businesses.

You’ll receive a $530 penalty per form if the failure to file is due to intentional disregard with no maximum penalty, even for small businesses.

PLEASE NOTE: Your 1099s, W-2s, and ACA forms are now due by January 31st, so your form 8809 to get an extension on these forms needs to be filed by January 31st.

Stay Up To Date With ExpressExtension


We’re here to help! We will be more than happy to answer your questions via phone Monday-Friday 9 AM to 6 PM EST at 803.514.5155, with 24/7 email support at support@expressexstension.com. Also, be sure to keep checking back for our updates and changes made to tax filing extensions made by the IRS.
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1/03/2017

Important Details Regarding Extension Form 8868



With the new year comes new tax seasons. Ready or not, it’s time to file. Luckily, you can file an extension for your forms 990, 7004, 4868, and more to give you more time to get all of your tax documents in order. Today we're looking at everything you need to know for the extension form 8868.

All About Your Form 8868.


First of all, form 8868 is the extension organization tax extension form for nonprofits, charities, and other tax-exempt groups applying for an extension up to 6 months.

This extension is used when nonprofit groups need more time before filing their form 990, which is return of organization exempt from income tax form. It’s used by the government in order to make sure that nonprofit organizations and charities aren’t taking advantage of or abusing their exempt status.

Keep in mind that there are different form 990s

When you file for an extension the first time you’ll automatically receive an extension for 3 months. Because the extension is automatic, you don’t need to give a reason as to why you need the extension. Simply file the extension in time in order to gain the extension.

Now if you want to file a second extension, you can only do so if you properly filed your first extension in time. So, unfortunately, if you missed the deadline, don’t even think about it. Also, the second deadline isn’t automatic, so you’ll have to provide a valid reason for needing another extension.

What You Need To File Your Form 8868


No worries, filing your form 8868 is a quick and simple process. All you need is your:


- Organization name
- Address
- EIN/Tax-ID
- Tax year period
- And which form 990 you typically file.

However, keep in mind that this information needs to match the information that the IRS has on record. To verify that your information matches simply give the IRS a call at 1-877-829-5500.

Taxes can be intimidating, with the confusion of what to file, when, where, and how. That’s why ExpressExtension makes it a priority to simplify the process for you.

Filing With ExpressExtension


When you want to file a form 8868 then going to ExpressExtension is the right place to do so, because all you have to do is spend a moment creating an account to get started. Then click on ‘Create Form Org Extension” from the dashboard and you’ll be taken to the screen with the form 8868 for you to fill out.

We won’t leave you hanging because we provide step by step instructions on how to fill the form out. We even will notify you if check boxes or fields are left unchecked or empty. Your form will also be scanned for errors and mistakes.

Once submitted to the IRS you should quickly receive your IRS confirmation via email. You’ll receive confirmations faster during the peak season.

Also, if the IRS rejects your extension you’ll be sent an email with details as to why, with instructions on how to correct the issue. All you will need to do is log into your ExpressExtension account and make the correction. You can then retransmit your form as many times as you need for free.

We Are Always Here To Help


You don’t have to figure out your taxes on your own. If you have any questions please don’t hesitate to contact our outstanding support team. We’re available Monday-Friday 9 AM to 6 PM EST on the phone at 803.514.5155, with 24/7 email support at support@expressextension.com.
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12/19/2016

5 Cautious Tax Tips for Small Businesses

With 2016 quickly coming to an end, it’s quite common for small businesses to review their tax and financial documents around this time of year. Many of you may have to file with the IRS as early as January, so it’s best to get ready at least before the holiday break.

While preparing for the upcoming tax season, there’s unlimited amount of tax advice for small businesses you can find on the Internet - some great, others not so much. To avoid the risk of IRS fines or penalties, here are five “tax tips” you should think twice before using.

1. Maximize Deductions with Business Spending
As the end of the year approaches, you might be enticed to crank up your spending habits to drive deduction claims and decrease your tax bill. Before going all out, think about the long-term effects of these additional expenses. Buying new equipment or an advertising initiative will cut down tax liabilities, but if those costs hinder your company from paying bills the next month, you’re taking more of a financial loss than gain.

2. Claim Car, Meals, and Home Office Expenses
It’s perfectly reasonable for you to claim travel expenses, meal costs, and a home office as a business expense; however, the caution lies within claiming expenses that are unqualified. The IRS states you can only deduct vehicle costs for business use.

You can claim up to 50% of meals and entertainment costs for business purposes and claim costs for maintaining a room in your house dedicated specifically to conduct business. The point here is that personal spending is prohibited - these are costs charged to your company. And be prepared to provide evidence with receipts, the business purpose of each cost, and who might have been with you when making the purchase.

3. File All Employees as Independent Contractors
Rumor is that reporting employees as independent contractors saves money on payroll taxes. While this may or may not be true, facts show that it leads to penalty fees and interest charges as well. The IRS clearly states which of your workers are considered regular employees and which are independent contractors. Once the IRS finds out, you could end up paying a lot more than what you were trying to save.

4. Avoid Claiming Deductions At All
There is such a thing as being overly cautious, and in this case, it could prevent tax claims that you’re entitled to have. Fears of possible audits shouldn’t deter you from claiming legitimate deductions. You can always seek assistance from a tax professional or CPA about which claims you’re eligible to file.

5. Wait Until Tax Season to Worry About Taxes
If you follow this “advice,” you probably wouldn’t be reading this blog at all. We understand that the daily operations of running a business take hard work and lots of time, but federal taxes are also an important aspect of owning a small business. Tax preparation is never a one-time event. Successful, less-stressed business owners know to plan throughout the year to have a smooth tax season. At the very least, consider outsourcing to a tax firm if necessary.

If you need more time to file for your small business, e-file IRS Form 4868 with ExpressExtension.com - you can get approved quickly and easily for a 6-month extension to file income taxes; larger companies are eligible to submit an IRS Form 7004 tax extension. You won’t even need to step away from your operations - download our FREE Express 4868 or 7004 mobile app and conveniently e-file anywhere using your iOS or Android device.

Call our U.S. - based support team for questions or help with your e-filing experience at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST - send us a request via email with support@ExpressExtension.com.


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12/14/2016

Adjusting Payroll Withholdings

We’re nearly two weeks away from the end of the year - just two weeks! Honestly, where does the time go? Tax season typically begins again at the start of the new year, but you still have time right now to make changes regarding your tax situation.

If you received either a large tax bill or a substantial tax refund this past year, that means one of two things: you either didn’t have enough taxes taken out of your paycheck, or you had too much come from your pay. The good news is you can adjust these amounts.

Change Your Withholdings
The IRS has no limits on how often you change your withholdings; however, your employer or payroll office may impose restrictions - you should check to be sure. And be well-informed of the long-term effects of the changes you’re willing to make.

While overpaying the IRS isn’t a drastic nuisance, it does allow the government interest-free access to your money which you could probably have used at that time. Conversely, paying the IRS too little can lead to all sorts of trouble like an under-withholding penalty and interest added to your tax bill - consult with a tax professional about your options.

File IRS Form W-4
Whatever you decide to do, it’s as simple as submitting a new W-4 form to your employer or payroll office. The IRS even offers an online withholding calculator which produces proper amounts that should come from your paycheck. If you plan on using it, be sure to have

  • Your most recent pay stub available
  • Your last income tax return available
  • Estimated values, if applicable - results are only as accurate as the information you provide

Married couples with combined income should also coordinate separate withholding amounts to avoid underpaying the IRS - seek your local tax advisor for more details.

More Time to File Income Tax
Whether you decide to change your tax situation now or closer to tax season, you can receive extra time to file your income tax return. With ExpressExtension.com, you can securely transmit IRS Form 4868 in just a few minutes and get approved for an automatic 6-month extension.

Nowhere near a computer - not a problem! Download our FREE Express 4868 mobile app for your favorite iOS or Android device and conveniently e-file from anywhere at any time. After transmitting, you’ll receive an approval email and copy of your submitted return.

Contact our U.S - based customer support team for any questions or assistance with e-filing personal tax extensions with the IRS - call us at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us via email with support@ExpressExtension.com.


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12/12/2016

IRS 8809 Extension for Information Returns

Believe it or not, we’re about two weeks away from the end of 2016. And while most of us are getting excited about the holidays, let’s not forget that tax compliance starts rather quickly after the new year - as soon as January to be exact.

If you’re not quite prepared to file by the end of January, or you’re just overly cautious, we recommend e-filing an IRS 8809 extension form for an automatic 30-day extension to file required information returns. Here are a few tax forms that are eligible for an 8809 extension:

IRS Form 1099 and W-2s
A couple of information returns are due earlier this upcoming year than usual. Those of you who need to e-file Form 1099-MISC with Box 7 completed or W-2 forms with the IRS have until January 31. All other 1099 forms are still due by March 31. You can e-file 1099s and W-2s quickly and easily with ExpressIRSForms.com.

Important: The IRS no longer allows automatic extensions for W-2 forms. To receive extra filing time, you must submit a paper Form 8809 to the IRS before the January 31 deadline.

Affordable Care Act (ACA Forms)
While there may be confusion about the future of ACA reporting, one thing is for certain - the IRS still requires applicable large employers and third-party administrators to file 1094 and 1095 forms for the 2016 tax year.

If you plan on submitting them electronically, the deadline is March 31. E-file your ACA forms with ease through the complete service of our sister site, ACAWise.com - exclusive features include API integration, various data format import, ACA code and TIN verification, corrections and re-filing, and postal mailing to recipients.

Form 1042-S and 5498
IRS Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, is due by March 15 and Form 5498, IRA Contribution Information, is due by May 31. Your 8809 must be submitted by these deadlines to receive an extension.

IRS Penalties
Failing to file IRS Form 8809, or any of the information returns, on time leads to the following penalties:

  • $30 per information return that is less than 30 days late with a maximum fee of $250,000 annually or $75,000 for small businesses
  • $60 per information return that is within 30 to 120 days late with a maximum fee of $ 500,000 annually or $200,000 for small businesses
  • $120 per information return that is over 120 days late with a maximum fee of $1,500,000 annually or $500,000 for small businesses

The holidays are just around the corner with a new tax season following close behind. Get your tax extension automatically approved for applicable returns with ExpressExtension.com. Our U.S. - based support team in Rock Hill, South Carolina is standing by - contact us with any questions at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m EST or send an email to support@ExpressExtension.com.


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12/07/2016

Schedule A Tax Deductions

When it comes to claiming tax deductions, most taxpayers go for the standard method with their income tax return - it’s usually easier than itemizing, there are no receipts to backtrack, and amounts typically increase each year for inflation.

But, in most cases, itemized deductions can get you a bigger tax break and possibly a larger refund. Completing a Schedule A for deductions may require more effort than the standard method, but you only need to fill out the sections that apply to you.

Here are a few deductions from Schedule A that might be worth your time around tax season:

Gifts to Charity
You can report just about every charitable contribution on Schedule A. They can be cash donations including credit charges and checks, or other donations like household items and clothing. Whatever gift you gave, be sure to have a receipt from the charitable organization as proof.

Medical Expenses and Dental
Even with insurance, you still have out-of-pocket costs to pay each time you visit your doctor or dentist. It’s no secret you can total these amounts and claim a deduction. The only catch is that the value must be at least 10% of your gross income if you’re under 65 years of age.

State and Local Income/Sales Tax
If you’re paying state and local income taxes, you can get a deduction from those payments. But if your state income rate is low, and you made a huge purchase this year for a vehicle or something, you may just want to report the sales tax. The reason is you can only deduct one or the other - income tax or sales tax.

Property Tax
Homeowners can deduct the amount from their annual property tax bill as well as real estate taxes on any vacation homes or land you have for personal use. Those who pay taxes on various vehicles can deduct those amounts as well.

Losses from Casualty or Theft
Earlier this year, Hurricane Matthew pounded the east coast of the United States. Any recovery costs spent from a major disaster is tax deductible - the same goes for expenses from an unexpected accident or being the victim of a crime.

These are small glimpses of deductions that are available for taxpayers each year with a Schedule A. There are much more options like interest or insurance premiums, unreimbursed job expenses - you can even deduct costs from tax preparation fees. Check with your local tax professional for more details.

And if you need more time to get your itemized deductions together, e-file IRS Form 4868 with ExpressExtension.com. In minutes, you can transmit a personal tax extension and get approved for six extra months to file your income tax return. Download our FREE Express 4868 app and e-file from anywhere using your iOS or Android device.

Contact our U.S. - based support team in Rock Hill, South Carolina for any questions or assistance with e-filing tax extensions - we’re available at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST or email us day or night with support@ExpressExtension.com.


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12/05/2016

Filing Joint 4868 Tax Extensions

Extension Form 4868 is a tax extension that extends the IRS deadline for personal income tax returns. The 4868 form is typically due before April 15 and increases your time to file by six months to October 15.

The IRS doesn’t require any explanation why you’re requesting an extension; however, you do need to accurately estimate any tax liabilities you may owe for the filing year, if applicable. Individual or joint taxpayers can submit IRS Form 4868.

Extension for Joint Filers
To file a joint tax extension, you’ll only need one 4868 form. You’ll also need basic information such as full name, address, and social security number - not just for yourself, but for your spouse as well. If you want to confirm personal tax details for you or your partner, you can contact the IRS at 800.829.1040.

Joint Tax Liabilities
If you and your spouse filed separate 4868 forms but decided to file your income tax return jointly, you can report the total amount of estimated taxes paid from both extensions on the correct line of your joint return.

Conversely, if you all file an extension jointly, but ended up filing separate income tax returns, you can report the total amount of taxes paid on one of your tax returns - or you and your spouse can divide the value on both.

E-file Form 4868 with ExpressExtension
Our cloud-based system and step-by-step instructions quickly guide you through the simple e-filing process - we even double-check to ensure your information is correct. After completing Form 4868, you can transmit it through our IRS-authorized, secure network.

We’ll keep you updated about your filing status with real-time email notifications, but approvals typically happen within minutes. If the IRS rejects your request because of errors, we’ll identify them so you can make changes and re-transmit at no extra charge.

Mobile E-filing
File a joint extension from anywhere at any time with our FREE downloadable Express 4868 app for your favorite iOS or Android tablet and smartphone devices. Utilize the same streamlined features to conveniently e-file directly to the IRS, and get approval, without a desktop computer.

For any questions or assistance about e-filing a joint personal tax extension, call our U.S. - based customer support team at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST. You can also email us 24/7 with support@ExpressExtension.com.


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