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Why You Should File A Tax Extension 2018

Is it just me or do tax deadlines always come at the most inconvenient times?

Schools are preparing for summer break, vacations are being planned, organization events are gearing up, and the list goes on. Adding annual tax filing responsibilities to your ever-growing to-do list is most likely the last thing that you want to do.

Thank goodness for the 2018 tax extension deadline for tax-exempt organizations! It not only gives you extra time to file, bt eliminates the stress and worry of filing taxes for your exempt organization. So why you should file a tax extension 2018? Well sit back, relax, and let us explain.

Woman learning why you should file a tax extension 2018

Why You Should File a Tax Extension 2018

Lower Your Chance of an Audit

The federal government loves setting specific quotas and the IRS must audit a set number of business tax returns every year. However, they will typically fulfill their quota by the May deadline. Take your time and avoid a higher chance of an audit by filing a tax extension 2018.

Adequate Amount of Time to Complete Paperwork

The cliche response to this would be “to get more time to file your 990 Form.” Although this is a great reason to file IRS Form 8868, there is much more to filing this unique extension form. 

IRS Form 8868 can be filed for an automatic extension of 6 months to file your exempt organization’s income tax return. Gather your basic organization details that the IRS requires for you to file a Form 8868, including your organization's name, address, EIN/Tax-ID, tax year period, and which 990 form you typically file. The information must match what the IRS already has on record for your exempt organization.

If you have questions about what to report or how to complete your 990 form, you should file a tax extension 2018 to receive extra time to file correctly. 

NOTE: The only form that cannot be extended with IRS Form 8868 is Form 990-N (e-Postcard). 

Where To File Form 990 Series Tax Extension Online

Our partners at TaxBandits provide everything you need to safely, securely, and easily e-file your appropriate 990 Form before the May 15th deadline. With a single account, you can complete a variety of important tax forms for your nonprofit organization or small business.

Best of all, when you e-file with TaxBandits, you have the option to send your 990 Form information directly to GuideStar, the world’s largest source of nonprofit information.
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How To Extend Your Exempt Organization Tax Deadline


The biggest filing deadline for tax-exempt organizations is coming up on May 15th. Organizations that operate on a calendar tax year from January to December are required to file their appropriate 990 Form by this date. If you need more time to prepare and file your 990 Form, you can extend your exempt organization tax deadline! 

How To Extend Your Exempt Organization Tax Deadline

Extending your organization’s tax deadline is quick and easy when you file IRS Form 8868. You will only need a few pieces of information to get started and when you finish you will have an additional 6 months to file!

Information Needed To File

The following information is needed to file IRS Extension Form 8868:
  1. Organization/Business Name
  2. Address
  3. EIN/FEIN
  4. Tax Estimate (if any)
  5. Type of tax form you are requesting an IRS extension form (990, 990-EZ, etc.)
Pretty straightforward, right? Once you have that information available filing IRS Extension Form 8868 takes no time at all!

How To File IRS Extension Form 8868

The first step to filing IRS Form 8868 is creating your FREE account with ExpressExtension, which takes less than a minute. Then choose IRS Form 8868 to e-file and follow the prompts to enter your information.

Once you have submitted all required information review your return and make sure the information you entered is accurate and correct. Hit the Transmit button and off to the IRS, your 990 extension application goes. You will receive an instant notification as soon as it is accepted by the IRS; which is normally within a few minutes.


Next Steps After Filing a 990 Extension

Once your tax extension has been approved and tax deadline extended you will have an up to 6 months to file your Form 990. You can file the appropriate 990 Form for your organization with our sister product, TaxBandits. TaxBandits covers filings for the Form 990 Series as well as other important tax forms for business owners, nonprofit organizations and more.

Get ahead of the game and file IRS Extension Form 8868 by the May 15th tax deadline.

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The IRS Extends The Tax Day Deadline Due to System Issues


It is official the Internal Revenue Service (IRS) is giving all taxpayers an additional day to file their income tax return following system issues. The IRS has just announced that individuals and businesses with a filing or payment deadline originally due on Tuesday, April 17th, 2018 now have until midnight Wednesday.

Following Technology Collapse The IRS Delays Tax Deadline

All taxpayers will have until Wednesday, April 18th, 2018 to submit tax returns and extensions without penalty. This is following the agency’s system crash for electronically filing returns during the originally scheduled Tax Day deadline.

While the IRS’s electronic filing system came back online Tuesday evening, the direct tax payment system used by IRS-authorized third-party providers is still not going through. However, this will be resolved by tomorrow, April 18th.


“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 has also advised taxpayers needing additional time to file income tax extension Form 4868 for an automatic six-month extension.

You can file tax extension Form 4868 quickly and easily here at ExpressExtension. Our step-by-step filing process is equipped with built-in audits to ensure error-free filing. When you file your tax extension online, you will receive a confirmation email notifying you that your IRS extension was accepted.




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IRS Tax Payment Website Crashes on Tax Day 2018

Of all days for there to be an issue with the IRS Tax Payment System, of course, it would happen on the biggest tax day deadline of the year?! Hard to believe, right? 

The glitch in the IRS Payment System happened a several hours ago and has become the latest trending news topic as the April 17th tax deadline is steadily passing us by. 

Thankfully, taxpayers can still e-file a tax extension online in just a few minutes with ExpressExtension despite the IRS tax payment website crashing on tax day 2018.

IRS Tax Payment Website Crashes on Tax Day 2018

Users who click on the “Direct Pay” button located on the IRS website receive an alert stating that the service is currently unavailable. This would be okay if this happened last week; but with only several more hours left in the day, last-minute tax filers are in a panic trying to avoid IRS penalties and interest.

“We are working to resolve the issue, and taxpayers should continue to file as they normally would.” -David Kautter, Acting IRS Commissioner.
While this hardly provides any reassurances for those needing to file you still have hope with ExpressExtension. Quickly file tax extension Form 4868 before midnight!

At ExpressExtension, we are currently up and running patiently waiting to process your income tax extension by tonight’s deadline.

Tax Extension Form 4868

IRS Extension Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, is used by individual or joint taxpayers to receive an automatic tax extension of up to 6 months to file their personal income tax return Form 1040.

Due on April 17th (TODAY), Form 4868 is used by most filers to extend the time for filing the following tax forms: 

Form 1040, Form 1040A, Form 1040-EZ, Form 1040NR, Form 1040NR-EZ, Form 1040-PR or 1040-SS.

How To File A Tax Extension 2018

Filing Income Tax Extension Form 4868 with ExpressExtension literally takes minutes and will extend your 2018 tax deadline date.

Create your free ExpressExtension account and click "Create Personal Tax Extension" from your account Dashboard. If you owe taxes, you will need to estimate your total income tax payment for the filing year. You can use your prior year tax situation as a reference, but give the most accurate approximation as possible. 

When you have everything ready, our step-by-step guided process will help you file your tax extension online in minutes. You will even be notified of the acceptance of your extension shortly after filing. The clock is ticking and Tax Day 2018 is almost over!

File Tax Extension 2018 Now Before It’s Too Late!

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It's Tax Day 2018! How To Apply For a Tax Extension?

If you need more time to file your tax return 2018, your best bet for avoiding IRS penalties is to file a tax extension. However, today is the last day to file taxes 2018 and request an extension. Here is how to apply for a tax extension before it is too late.

It's Tax Day 2018! How To Apply For a Tax Extension?

Despite the reason for needing additional time, the IRS will automatically grant you a six-month extension of time to file your federal tax return. Also, the application process is quick, easy, and you will likely receive approval within the hour.


What Do You Need To Know Before Filing a Tax Extension?

Any taxpayers can file tax extension Form 4868 and receive an automatic federal tax extension for filing their federal income tax return. However, you are expected and obligated to pay any owed taxes by Tax Day 2018 (TODAY.) 


If you are unable to make your tax payment, you will need to pay penalties and interest. It is highly recommended that you pay as much of the owed taxes as possible to lower your penalty cost.

Keep in mind that the IRS penalty for failing to file your federal income tax return is significantly higher than the penalty for not paying your taxes.

Form 4868 will not extend the payment deadline for your 2018 tax return.


Income Tax Filing Penalties

  • Late Tax Payment:
    • 0.5% of the taxes owed each month it remains unpaid. (Penalty maximum 25%)
  • Late Tax Filing:
    • 5% of the taxes owed each month your return is late. (Penalty maximum 25%)
    • Minimum penalty amount after 90 days is the smaller of $100 or 100 percent of your owed tax amount.
  • Combination Penalties:
    • The failure-to-file penalty minus the failure-to-pay penalty. 
    • Minimum penalty amount after 90 days is the smaller of $130 or 100% of the unpaid tax. 


How to Request a Tax Extension?

Step 1: Calculate Estimated Taxes Owed

Couple needing to file tax extension 2018 to avoid penalties You will need to estimate the amount of taxes you owe for the previous year. You can do this by simply subtracting the total tax amount withheld from your paycheck and your estimated tax payment from the tax amount you owe to the IRS.

Before you estimate your liability amount be sure to reduce your income by all applicable exemptions and deductions.

Use the 2017 tax tables to estimate the amount you owe on your tax return. If you do not pay the full amount you may owe interest and penalties.

Step 2: Create Your ExpressExtension Account
Create your free account and click “Create Personal Tax Extension” from your account Dashboard. At this point, you can pay any owed income taxes; if you are expecting a tax refund, you will mark the amount as zero.

The Form 4868 process is very straightforward and requires minimal information. However, we will guide you through step-by-step to ensure your form is filed correctly the first time.

You will need the following income tax information:
  • Name
  • Address
  • Social Security Number

Step 3: File Tax Extension 2018
Once you have completed and reviewed your Form 4868, you can file a tax extension 2018 directly with the IRS. When the IRS accepts your form, you will be notified immediately via email.

Please keep in mind that while Form 4868 does provide you with an extension of time to file you are still required to pay at least 90 percent of your owed taxes.



File For Tax Extension 2018

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Income Tax Filing Penalties You Need to Know

Ready or not Tax Day is tomorrow! If you have not filed your income tax return yet, you might be staring down the barrel of hefty IRS penalties. To encourage you to file an IRS extension here are the income tax filing penalties you need to know before its too late.

Income Tax Filing Penalties You Need to Know

If you owe money to the IRS, you might believe not filing a tax return is the best option. Unfortunately, this is the worst thing you could do. The IRS penalty for failing to file your income tax form is significantly higher than the penalty for not paying your taxes owed.

When Do Tax Return Penalties Apply?

If you owe taxes to the IRS and do not file your tax return or file an extension by tomorrow’s Tax Day deadline you will incur penalties and interest. This amount will be based on the total tax amount you owe to the IRS.

However, penalties and interest typically do not apply when you are expecting a tax refund and fail to file a tax return.

Income Tax Filing Penalties

  • Late Tax Payment:
    • 0.5% per month of the total tax unpaid tax. (Penalty maximum 25%)
  • Late Tax Filing:
    • 5% of the taxes owed each month your return is late (Penalty maximum 25%)
    • Minimum penalty amount after 90 days is the smaller of $100 or 100 percent of your owed tax amount.
  • Combination Penalties:
    • The failure-to-file penalty minus the failure-to-pay penalty. 
    • Minimum penalty amount after 90 days is the smaller of $130 or 100% of the unpaid tax. 


Need More Time to File Your Income Tax Return?

If you need more time to file your tax return, you can receive a six-month extension of time to file with IRS Form 4868. The 1040 extension form officially titled the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. If you need to file IRS extension Form 4868, you will need to e-file by midnight tomorrow. If you submit before midnight on the Tax Day deadline (tomorrow), you will automatically be approved for an additional six months to file your tax return without incurring IRS penalties.


How Can I File My 1040 Extension Online?

You can file tax extension Form 4868 quickly and easily here at ExpressExtension. Our step-by-step interview-style process is equipped with built-in audits to ensure error-free filing. When you file your tax extension online. You will receive a confirmation email notifying you that your IRS extension was accepted.



Avoid Penalties By Filing a Tax Extension



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The Best Way to Get More Time to File for Tax Day Deadline?



Spring is here, and the April 17th tax deadline will be here before we know it. But many of us will not be ready to file our federal tax returns on Tuesday. Thankfully, the IRS allows you to request an extension of time to file your income tax return.

Do You Need More Time to File Your Tax Return?

It is understandable that you have a lot on your plate and meeting deadlines is often difficult. If you are unable to file your federal income tax return by the April 17 deadline, don’t worry about the IRS taking your down. Well, as long as you file an income tax extension.





What is IRS Extension Form 4868?

IRS Form 4868 is the 1040 extension formally titled the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. If you need to file tax extension Form 4868, you will need to e-file by midnight on April 17th, 2018. If you file by the tax extension deadline, you will receive an additional six months to file your tax return without incurring IRS penalties.


Where Can You File a Tax Extension Online?

You can file tax extension Form 4868 with ExpressExension quickly and easily. Their step-by-step interview-style process is equipped with built-in audits to ensure error-free filing. When you file your tax extension online, you will receive a confirmation email within 48 hours notifying you that your IRS extension was accepted.

What You Need To File An Income Tax Extension

  • Sign-up for a free account with ExpressExtension.com
  • Gather the following information: 
    • Name and Address (Spouse’s name if filing jointly)
    • Social Security Number (SSN) (Spouse’s SSN if filing jointly)
    • Estimated total tax liability for 2017 tax year
    • Total 2017 tax withholdings and tax payments
    • Estimated tax payment owed to the IRS (if any)
IRS extension Form 4868 is an extension of time to file and not an extension of time to pay taxes. If you owe the IRS, you will need to pay this amount when you file tax extension Form 4868.






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