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11/30/2012

Questions About Tax Extensions

Each year, millions of individuals and businesses file tax extensions with the IRS. One of the Easiest Ways to file this isthrough ExpressExtension.com.  As an Authorized E-File Provider, ExpressExtension can securely send your tax information to the IRS instantly. This is a real time saver and a very easy way to get additional time to file a tax return.


Here are some commonly asked questions about Tax Extensions:

How long does it take to file a tax extension?
With ExpressExtension, the process only takes a matter minutes (about 5 – 10 minutes). The traditional filing process could take days to mail the return, and even longer for the IRS to actually process it.

Do I need a reason to file a Tax Extension?
No.  The IRS does not require any reason to file a tax extension. Just complete the appropriate Tax Extension Form, and submit it by the filing deadline.

What IRS Form do I need to file a Tax Extension?
IRS Form 7004 – Business Tax Extension
IRS Form 4868 – Personal Tax Extension
IRS Form 8868 – Nonprofit Tax Extension

When will I know if the IRS accepts my Tax Extension?
If the Tax Extension is E-Filed through ExpressExtension, you will receive an email notification once the form has been processed by the IRS. This is typically within an hour of E-Filing. The traditional process of paper filing will not provide any sort of notification to let you know if it has been processed.

What information do I need to File a Tax Extension?
A Tax Extension form is fairly simple. All that is needed is basic contact information, filing status/business type, and an estimated tax amount.

What is My Tax Amount?
This is one area where ExpressExtension cannot give advice.  If you have questions about your tax amount, Filing status or Business, you will need to refer to a Tax Professional or the IRS.

What if I don’t have access to a computer?
ExpressExtension can be accessed from any smartphone.  Just use our Mobile Site: Express4868.com which can be accessed from any iPhone, Android, BlackBerry, Windows Phone, or iPod.

Who do I contact if I have general questions?
If you have any questions about filing Tax Extensions, you can contact the Express Tax Support Center in Rock Hill, SC at 803-514-5155 between the hours of 8am – 6pm EST, Monday through Friday or email support@ExpressExtension.com.
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11/28/2012

What You Need to Know About IRS Tax Extensions

There may times when it is beneficial to file a Tax Extension. The easiest way to file this is through ExpressExtension.com.

First, you need to determine which Form you are required to file for the extension.
  • IRS Form 7004: This form is used by businesses such as Multi-Member LLCs, C Corporations, S Corporations, Partnerships, Trusts, and Estates. This is commonly referred to as a form for Business Tax Extensions. This IRS Form gives a Tax Extension of 5 – 6 months and is due by March 15, 2013.
  • IRS Form 4868: This IRS form is used for filing Individual or Personal Tax Extensions. This can be used to extend the tax deadline by 6 months for personal returns, 1099 Contractors, Sole Proprietorships, and Single-Member LLCs and is due by April 15, 2013.
  • IRS Form 8868: Non-Profit and Exempt Organizations can use the Form 8868 to apply for an automatic 3 month tax extension or a non-automatic additional 3 month extension and is due by May 15, 2013.

Filing Status: If you are filing a business or nonprofit tax extension, it is required to list your business or organization type and the specific tax return form that will be filed. Likewise, if a person is filing an individual tax extension, it is required to list your filing status (married filing jointly, single, married filing separately, etc.)

Estimated Tax Amount: A Tax Extension extends the amount of time to file a tax return. It does not extend the amount of time to pay taxes. Therefore, the IRS will still expect the full tax payment at the traditional deadline.

Business Tax Year: Although it is common to use the calendar year as the business tax year, that is not always the case. If a business follows a different tax period, that will need to be specified. Also if a business was started or ended during the year, its tax period may be shorter than a full year.

Tax Extensions: Filing a Tax Extension with the IRS extends the amount of time to file a Tax Return. It does not extend the amount of time to pay taxes. The IRS will still expect a tax payment to be made by the traditional filing deadlines, but the tax return itself is not required until the extended deadline.

If you have any questions about filing Tax Extensions, you can contact the Express Tax Support Center in Rock Hill, SC at 803-514-5155 between the hours of 8am – 6pm EST, Monday through Friday or email support@ExpressExtension.com.
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11/26/2012

E-File Tax Extensions with ExpressExtension

Tax Extensions can be E-Filed in a matter of minutes when you use ExpressExtension.com. All you need to complete a tax extension is a basic understanding of your business information and an estimated tax liability for the year.

ExpressExtension currently supports:
  • Form 7004 - Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns due by March 15 for a 6 month tax extension.
  • Form 4868  - Application for Automatic Extension of Time To File U.S. Individual Income Tax Return due by April 15 for a 6 month tax extension.
  • Form 8868 - Application for Extension of Time To File an Exempt Organization Return due by May 15 for a 3 month extension.
These tax forms can be submitted through ExpressExtension, anywhere, anytime within minutes. With ExpressExtension the IRS sends an automated message accepting the tax extension as soon as the return has been submitted, provided the information submitted is consistent with what the IRS has on file. So there is no need to wait around for the IRS to accept the extension.

ExpressExtension offers affordable pricing options and top notch customer support. For any questions contact the Express Tax Support Center in Rock Hill, SC at 803-514-5155 between the hours of 8am – 6pm EST, Monday through Friday or email support@ExpressExtension.com.
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11/19/2012

E-File IRS Tax Extension Forms

Filing tax returns is unavoidable, however it is possible to delay when you file.  Express Extension offers a quick and easy way for taxpayers, businesses, and nonprofit organizations to E-File a tax extension with the IRS in just a few minutes.  Using Express Extension is much easier than the traditional paper filing process and it is also much quicker.
There are several popular myths about filing a tax extension that need to be addressed:
  • Myth: A Tax Extension will delay the time you have to pay taxes.
  • Fact: Taxes Must Be Paid on Time!  A Tax Extension extends the amount of time to file a tax return. This means that you have more time to prepare all of your tax-related documents and get the most out of your credits and refunds.
  • Myth: The IRS will impose penalties for filing a tax extension.
  • Fact: The IRS will not penalize you as long as your application for extension is not late and your taxes are paid on time.
  • Myth: The IRS requires a reason to file a tax extension.
  • Fact: Form 4868 and 7004 contains no questions inquiring why a tax extension is necessary. The form is very straightforward and easy to figure out.

Like our other tax products, Express Extension is written in plain English.  There is no confusing tax jargon, just a few straightforward questions.  The program is very self-explanatory and is easy to navigate through.

On top of all that, Express Extension also offers top notch customer support from our US Based Customer Support center in Rock Hill, SC.  For any questions you can email support@expressextension.com or call us at 704.234.6000.
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