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5/28/2014

ExpressExtension Tax Challenge: Will You Be Victorious?

Obtaining tax knowledge is like an epic quest with difficult challenges and the adventure never ends. You have survived the past tax season and now it is time to prepare before the next one begins. To sharpen your tax skills, ExpressExtension challenges you to solve each riddle with the name of the correct tax extension. Will you be victorious and claim Tax Extension Glory, or will you be defeated?

First Riddle:
In my name the numbers are all even. The first number in my name is also the month I am due. I can be filed to extend the deadline for the 1040 series. The third number in my name is how many months you will receive an automatic extension for by filing me. You do not have to explain why you are filing me, but you are required to properly estimate your tax liability. What extension form am I?

Second Riddle:
You can divide my form number by 6 to get 1478. I have two parts and one is non-automatic. When filing Part I, the amount of months received for your extension is the 2nd prime number. My due date depends on your tax period. I am for Nonprofits, but I can not extend the 990-N. What extension form am I?

Third Riddle:
If you subtract the first and last number in my name, you get the month of my due date. C and S-corporations can file me to extend their tax deadline. Business is in my name and extending your deadline is my game. What extension form am I?

Have you claimed Tax Extension Glory? Check your answers:
First Riddle
Second Riddle
Third Riddle

Stay alert this summer, you never know where the quest to know IRS Tax Forms will take you next.
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5/15/2014

Surviving the Deadline: Form 8868

Form 8868, Exempt Organizations Tax ExtensionThis is your Survival Guide to make it through the Form 8868 Exempt Organizations Tax Extension DEADLINE.

If you can keep it together and follow our guide, you will survive the deadline and give yourself an additional 3-months to e-file your exempt organization's tax return.

Survival Tip 1: Don't Stress.
ExpressExtension.com has got your back and will be with you all the way to the end of Deadline Day, and beyond.

Survival Tip 2: Gather supplies.
To properly execute a correct transmission of your Form 8868 to the IRS you will need the following:  your business/organization name & address, EIN/FEIN, estimated amount of tax owed to the IRS (only if there is any), and the type of tax form that is normally filed for your organization - ex. 990, 990-EZ, 990-T.

Survival Tip 3: Log into your ExpressExtension account.
If you do not have an ExpressExtension.com account, no problem you will still get through this unscathed. Simply create an account, it will just take a second then continue to Survival Tip 4.

Survival Tip 4: Complete Form 8868 & Transmit to IRS
You've almost made it! Do you have the information from Survival Tip 2? Great. Now just select to e-file Form 8868 from your ExpressExtension.com homepage. Follow the steps to enter your business information. When the process is complete, select Transmit to quickly send your Form 8868 to the IRS.

Survival Tip 5: Relax, You survived the deadline.
Congratulations! Now all you have to do is sit back & relax. We will send you a confirmation e-mail verifying your From 8868 was accepted by the IRS. Just make sure to mark your calendar for the extended due date, if you miss the extended deadline you may incur hefty IRS penalties.

Warning: You cannot use Form 8868 to extend the due date of Form 990-N. 

In Case Of Emergency
If you need assistance when e-filing your Form 8868, our US-Based support team would be more than happy to help. You can contact us via phone: 803-514-5155 or email: support@expressextension.com. To guarantee your deadline survival, our ExpressExtension Support Team will be available 9-6 EST for phone and live chat support and 24/7 email support.



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5/02/2014

E-File An Exempt Organization Tax Extension Before The Deadline

The Exempt Organization Tax Deadline is *Thursday May 15th at midnight, according to your time zone. If you need more time to file your IRS Income Tax Return, you can extend your deadline for 3 months by e-filing an Exempt Organizations Tax Extension Form 8868 with ExpressExtension.com.


What is Form 8868?
Form 8868 is used by an exempt organization to request an automatic 3-month extension of time ( 6 months for a corporation required to file Form 990-T) to file. Form 8868 can also be e-file for an additional (not-automatic) 3-month extension of time to file. Exempt organizations extensions have 2 parts. Our site allows you to file either one. You can even e-file Part II through us, even if you didn't file Part I with us.

Part I: Automatic 3-Month Extension of Time
This will automatically extend the filing deadline for 3 months ( or 6 months for Form 990-T).

Part II: Additional (Not-Automatic) 3-Month Extension of Time
You would only file Part II if you have been granted an automatic 3-month extension on a previously filed Form 8868.

Note: You cannot use form 8868 to extend the due date of Form 990-N

Who is Form 8868 for?
  • Charitable Organizations
  • Churches & Religious Organizations
  • Private foundations
  • Other NonProfits
What will you need to file Form 8868?
Before e-filing your extension, you will need to have: your business/organization name & address, EIN/FEIN, estimated amount of tax owed to the IRS (if any), and the type of tax form you normally file your income tax returns on - ex. 990, 990-EZ, 990-T. It is very important that this information matches what the IRS has on record for your organization. If you are unsure of any of the information needed to file your extension, we recommend contacting the IRS Exempt Organizations Hotline at 1-877-829-5500.

Once you've got your information and estimation in hand, you can create an account with ExpressExtension and simply follow the directions to transmit your Form 8868.

* This deadline is for reporting period - January 1, 2013 - December 31, 2013. Find out your tax reporting period posted by the IRS.
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