IRS Tax Extension Tips for 2012 (Federal Tax Form 7004, Form 4868 & Form 8868)
When filing a Tax Extension for your personal, business, or nonprofit return the simplest way to file this with the IRS is
by E-Filing this. The IRS has authorized ExpressExtension.com as an official E-File provider for Personal Tax Extensions with IRS Form 4868, Business Tax Extensions with IRS Form 7004, and Nonprofit Tax Extensions with IRS form 8868.
There are many misconceptions about filing for tax extensions. One example is that it is not necessary to provide a reason to file for a tax extension. All the IRS requires is that the taxes are paid on time and the extension form is filed before the deadline. This brings up another misconception: filing a tax extension only extends the deadline for a tax return itself. It does not extend the amount of time to pay the taxes.
The great thing about ExpressExtension is that instead of having to file an enormous and confusing IRS Form, they have broken it down into a series of simple questions. There is no complicated tax jargon, and you do not need to be a tax professional to understand how the process works. Just enter all the basic information that is requested. As long as you know basic information about yourself, and your filing status you can E-File this return online in a matter of minutes.
A Business Tax Extension must be filed by March 15 this year, and once they are processed by the IRS, you will be granted an automatic 5 or 6 month tax extension. The exact length of time that your tax deadline is extended depends on your business type. The Form 7004, otherwise known as a Business Tax Extension can be used by Multi-Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts and Estates. Certain Partnerships, Trusts, and Estates are only able to apply for a tax extension of 5 months instead of the 6 month extension; this is determined by which tax form they would be filing for their return.
Individuals can file a tax extension for a personal tax return using ExpressExtension.com for only $12.95. Individuals, Contractors, Single Member LLCs, and Sole Proprietors may file the IRS Form 4868 for an automatic 6 month tax extension. The deadline for this form is April 15.
Non Profit Organizations can file for a tax extension for less than ten dollars. In order to file an IRS Form 8868 for a Non-Profit Organization 3 Month Tax Extension, the price is just $9.95. Since the Non-Profit Tax Extensions are only 3 months, it is possible to E-File for an additional 3 months through Express Extension after the first extension has expired. This Form is typically used by Non-Profit Organizations, and Exempt Organizations.








