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3/31/2017

The IRS Form 8809 Deadline is Here!


Time is almost up! 1099s, ACA, and other information returns are due today March 31st, by midnight. We hope that the deadline didn’t sneak up on you, or you could find yourself stressing to get all of your information together to file your return by midnight, tonight.

However, don’t panic, because if you aren’t ready to file you can get an extension of 30 days to file your information returns by e-filing IRS Form 8809 with an e-file provider like ExpressExtension.

IRS Form 8809


IRS Form 8809 or Information Returns Extension Form 8809 can really save you if you’re in a pinch because it provides an automatic extension of 30 days to file your 1099s and ACA forms. For these forms the extension is automatic, meaning you don’t have to provide the IRS with a valid reason for needing an extension.

The extension process for W-2s is a little different because the extensions are not automatic. For the March 31st deadline we’re only referencing the W-2G, form but this is good information to keep in mind for extension requests involving every W-2 form.

To get an extension on your W-2 you’ll need to paper file extension Form 8809 and include a detailed explanation that explains why you need an extension. The request must be done in writing and signed under penalties of perjury. They must also be signed by the person who is duly authorized to sign a return.

In regards to the March 31st deadline, you can use IRS Form 8809 to get an automatic extension on forms 1094-C, 1095, 1097, 1098, 1099, 3921, 3922, and 8029. For Form W-2G you’ll need to paper file extension Form 8809.

Extension deadlines for other information returns vary:

- The 8809 deadline for IRS Forms W-2 and 1099-MISC (NEC only) is January 31st.

- For IRS Forms 1042-S and 5498, the extension deadlines are March 15th and May 31st respectively.

Many people turn to extensions as a way to avoid being hit by IRS penalties and fees. It’s much better to have an extension than IRS penalties. The process to get an extension is quick and easy, then you can relax with more time to file.

How to E-file Form 8809 With ExpressExtension


ExpressExtension is an IRS authorized e-file provider that has streamlined the e-filing process to make it quick and convenient. With ExpressExtension you’ll have your extension approved in a matter of minutes.

Simply create an ExpressExtension account and follow the step-by-step guide to quickly complete your form. Error checks are put in place to catch any mistakes before your form is transmitted directly to the IRS. Once you transmit your form you'll be notified of your extension approval via email.

Our dedicated support team here at ExpressExtension will be standing by to help. Please don’t hesitate to contact us with any questions that you may have over the phone Monday - Friday from 9 AM to 6 PM EST at 803.514.5155, via live chat, or via 24/7 email support at support@expressextension.com. Extended support hours are provided during deadlines.
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3/30/2017

How to get an Extension on Your 1040


Spring is here, and tax season is in the air. The snow is melting and the birds are singing, but wait, tax time is here already?! It’s the end of March?! When did that happen?! That means that the Individual Tax Return deadline on April 18th is almost here!

If you need more time to file, don’t panic. Stay calm and head to an e-file provider like ExpressExtension to e-file IRS Form 4868 for an extension of time to file your 1040 form.

Personal Tax Extension Form 4868


IRS Extension Form 4868 or the Personal Tax Extension Form 4868 is for individual or joint taxpayers to apply for an automatic extension of 6 months to file their IRS Form 1040, 1040A, 1040-EZ, 1040NR, 1040NR-EZ, 1040-PR, or 1040-SS.

Because Form 4868 is automatic you do not have to provide the IRS with a valid reason for needing your extension. All you have to do is correctly fill out Form 4868 and transmit it to the IRS by the April 18, 2017, deadline.

However, keep in mind that Form 4868 doesn’t extend the amount of time you have to pay your taxes, only to file them. Any amount owed to the IRS must be paid in full by the original tax deadline.

To pay any amount owed to the IRS with an extension form you calculate your tentative tax, with is basically an estimation on the amount you owe. Some people refer to the amount they owed last year, but due to the amount of changes that can happen financially and economically over the year, this option may not apply. Try to make your estimate as accurate as possible and remember that you can refer to a CPA or local tax professional for help.

Form 4868 is extremely easy to file and can be completed in a matter of minutes. All you need is your full name, address, and social security number. If you’re filing jointly, you’ll need the same information for your spouse. This information needs to match what the IRS has on file, and you can make sure that it does by directly calling the IRS at 1-800-829-1040.

E-Filing With ExpressExtension


ExpressExtension is an e-file provider that’s IRS authorized. They provide Form 4868 and you can take advantage of their system to quickly e-file your extension in a matter of minutes.

You can e-file Form 4868 on your computer, or you can download the free Form 4868 mobile app to e-file your form from the comfort of any location. The 4868 mobile app is available for any iOS and Android smartphone and tablet.

All you have to do is create your free account to get started, then you can follow our step-by-step instruction guide to quickly and correctly fill out your form. We will notify via email when your form has been approved.

If you have any questions about the e-filing process please don’t hesitate to contact our dedicated support team. We’re available via live chat, over the phone at 803.514.5155 Monday - Friday from 9 AM to 6 PM EST, and we also offer 24/7 email support at support@expressextensions.com
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3/27/2017

Form 8809 Provides Extensions For Information Returns


Tax season is in full swing. The business tax returns deadline just passed, and more deadlines for information returns and personal tax returns are rapidly approaching. Don’t let deadlines sneak up on you. If you aren’t prepared for the Information Returns Deadline on March 31st then head to an e-file provider like ExpressExtension to e-file IRS Extension Form 8809.

IRS Extension Form 8809


Information Returns Extension Form 8809 is the form used by businesses to receive an extension of  30 days to file their W-2s, ACA, 1099s, and information returns with the IRS. Most of the extensions on these forms are automatic, meaning you don’t have to provide the IRS with a valid reason for needing an extension. You simply need to correctly complete Form 8809 by your original tax deadline to have your extension approved.

However, the extension request for W-2s is not automatic, and you’ll have to provide the IRS with a valid reason for needing an extension. A few valid reasons for needing an extension include being out of town around the deadline, having your busy season peak during the deadline, or that your business is moving locations, and more.

The Extension Form 8809 deadlines vary based off of which form you’re applying for an extension

on:

The Extension deadline for Form 8809 on IRS Forms W-2 and 1099-MISC (NEC only) is January 31st.

Extension request 8809 must be e-filed for IRS forms W-2G, 1094-C, 1095, 1097, 1098, 1099, 3921, 3922, and 8027 by March 31st.

For IRS Forms 1042-S and 5498, the due dates for Extension Form 8809 are March 15th and May 31st, respectively.

Note: The Extension Form 8809 only extends the amount of time you have to file your information returns, not the amount of time you have to pay your taxes. Any amount owed to the IRS must be paid in full by the original tax deadline.

Failure to file Extension Form 8809 or your information returns by the original tax deadline will result in fees and penalties from the IRS:

If your information is filed less than 30 days late you’ll be subject to a fee of $50, with a maximum penalty of $529,500 per year or $185,000 for small businesses.

If your information return is between 30 to 120 days late you’ll be subject to a $100 fee with a maximum penalty of 1,589,000 per year or $529,500 for small businesses.

If your return is more than 120 days late, or you failed to file at all you’ll be subject to a $260 fee with a maximum penalty of $3,178,500 per year, or $1,059,500 for small businesses.

How to E-file With ExpressExtension


ExpressExension is an IRS authorized e-file provider. Plus, we’ve taken the time to make sure that the e-filing process is quick and convenient, so you’ll have your extension automatically approved in a matter of minutes.

Simply create your free account with ExpressExtension and click ‘New Information Returns Extension’ in the dashboard to get started. Then you’ll be guided with step-by-step instructions on how to complete your form.

Your information will be presented for you to proofread before transmitting your form the IRS. ExpressExtension will also provide an audit check to catch any mistakes. Once any errors have been corrected transmit your form to the IRS.

Then you can check your dashboard for live status updates. You’ll be able to see when your form reaches the IRS and when it’s approved. Also, you’ll be notified about your approval via email.

In the rare event that your form is rejected, you’ll be notified via email with instructions on how to correct your form. You can then correct your form and retransmit it to the IRS as many times as necessary for free.

If you have any questions please don’t hesitate to contact the dedicated ExpressExtension support team. We're available via live chat, and over the phone at 803.514.5155 Monday - Friday 9 AM to 6 PM. We also offer 24/7 email support at support@expressextension.com.
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3/23/2017

7 Common Tax Mistakes To Avoid


Why do we fall? To get back up. We’re human and mistakes happen. We can’t say something is just like riding a bike until we learn how to actually ride the bike. Also, we might cry over spilled milk until we learn it’s no big deal. Again, mistakes happen. 

However, simple tax mistakes that are commonly made should be avoided at all cost to prevent your forms from getting rejected. Be prepared for the 2017 tax season by know how to avoid common errors.

Common Tax Mistakes


1. The number one mistake you can make is letting deadlines sneak up on you. Nothing makes a person roll their eyes like taxes, so they wait and put it off til the last minute. Then when they go to file a few days before or even the day of they run into a mistake that they can’t fix in time.

Generally, it’s too late to find a CPA or tax professional to help them out in time. To avoid late filing penalties plan ahead and file or taxes in time or spend a few minutes with ExpressExtension to e-file an extension that automatically grants you an extension of up to 7 months to file.

Note: Extensions do not extend your time to pay your taxes. Any amount owed to the IRS must be paid by the deadline.

2. Another mistake is not following up on tax laws. Congress can change the tax laws on an annual basis that do things like move a deadline up, update failure to file penalties, or change the requirements of certain forms. For example, the April 15th deadline for Form 7004 was moved up to March 15th! If you weren’t aware of that change then you would be in for a shock in April.

3. People try to speed through the process to get it over with and often end up making mistakes. They miss a box that’s supposed to be checked, list the wrong date, or even miss a signature. Slow down and proofread your form before you submit it. There is no need to get rejected over a silly typo.

When e-filing with ExpressExtension all of your information will be clearly listed for you to proofread before submitting your form to the IRS. ExpressExtension also performs an audit check to catch anything that the IRS might flag, so you can make any corrections before transmitting your form. As a result, your extension will be approved in a matter of minutes.

4. It’s fine, math isn’t for everyone. However, you do need it to calculate a few things on your tax forms. By doing the math wrong you could end up in a world of hurt by making mistakes such as over calculating how much you owe to the IRS or underestimating your return. Take your time and double check your math. You could also find someone around you to double check your math for you, or get with a CPA or tax professional.

5. People miss out on major savings by not taking advantage of tax credits and deductions! You can save a lot of money by taking advantage of your home office deduction, student loan interest deduction, child tax credit, and more, you could save upwards of $1,000 on your tax bill! Study your form a little, and read up on the deductions you can lawfully take advantage of prior to filing.

6. People don’t file if they can’t pay. Failure to file comes with penalties and fees. You’ll wind up with a whole lot more on your plate if you simply choose not to file by your tax deadline. If you can’t pay your taxes the IRS will help you set up an installment plan, or an agreed upon payment plan, or you can pay your bill with credit cards for a cheaper interest rate. Paying up front will help you avoid interest and fees later.
 
7. They don’t go to ExpressExtension for more time to file! IRS authorized ExpressExtension is the market leading e-file provider that provides step-by-step instructions on how to complete your form, provides an audit check, and provides live status updates on your form. With ExpressExtension you’ll see when the IRS receives your extension and when it’s accepted. 

In the event that your form is rejected, you’ll be notified via email with instructions on how to correct your form. You can then make your correction and resubmit your form to the IRS as many times as you need to, for free.

Best of all, the dedicated support team at ExpressExtension is always standing by to help. Please don’t hesitate to contact us with any questions that you may have via live chat, phone, or email.
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3/20/2017

IRS Form 7004 Is Due Today


It’s time to file! The IRS business tax return deadline was March 15th, until the deadline was extended due to Winter Storm Stella until March 20th, which is today. If you need more time to file, don’t worry, we're here to help at ExpressExtension with IRS Form 7004.

IRS Form 7004


Business Tax Extension Form 7004 is the application for businesses to receive more time to file their business tax and other information returns. Simply by correctly filling out the form and transmitting it to the IRS by the extended March 20th deadline, you’ll automatically receive an extension of up to 7 months to file.

Because IRS Form 7004 is automatic you can receive your extension in a matter of minutes. The IRS no longer requires a valid reason for needing an extension or a signature, so you can literally e-file it in little to no time.

It doesn’t matter why you need more time to file. Maybe you’re out of time, maybe you want to plan ahead, maybe you need more time to gather your information. Either way, your extension will automatically be approved.

The penalties for not filing your business tax returns in time are pretty steep. Interest accrues on the amount you owe the IRS on a monthly basis until you file your return and pay your tax bill. IRS 7004 provides businesses with a way to get around these penalties by giving them more time to file.

Important: Business Tax Extension Form 7004 only extends the time to file, not to pay your tax bill. Any payments owed to the IRS must be fully paid by the original tax deadline. In this case, the deadline is March 20, 2017.

The length of the extension you receive depends on your business type and tax year.

- 6-month automatic extensions are given to C-Corporations with tax years ending December 31st.
- Certain estates and trusts receive automatic 5 ½ month extensions.
- 6-month extensions are given for forms in Part I and IV whose tax year doesn't end on December 31 or June 30, as well as other forms.
- C-Corporations with tax years ending on June 30th receive automatic 7-month extensions.

E-Filing With ExpressExtension


ExpressExtension is an IRS authorized e-file provider that’s safe and secure. They’ve taken the time to make the extension process fast and headache free so your extension can be automatically approved.

Getting started is easy. Simply gather the materials that are required for you to file IRS Form 7004, like your business name, address, and EIN/Tax-ID and create your free account. The required information needs to match what the IRS has on file, and you can make sure that it does by contacting the IRS directly.
Once your information is gathered click ‘Create New Form’ from the dashboard and follow the simple instruction guide. You’ll first be asked to enter in details like your business name, address, and the primary contact.

Then you’ll select the business entity type and which form you’re applying for an extension on. Select the tax year and select the option is your organization is a holding company.

Next, you’ll need to make any payment owed to the IRS. The payment is basically a guess on the amount you’ll owe on your tax bill. Some companies refer to the amount they owed last year, but due to economic turbulence, this may not be an option. Make your estimation as accurate as possible.

Then all of your information will be displayed for you to carefully check and make sure there are no errors. After any corrections have been made simply pay ExpressExtension for the form and transmit it to the IRS to instantly have your extension approved.

If you need any assistance the dedicated support team at ExpressExtension will be standing by to answer your questions. Please don’t hesitate to contact us over the phone Monday-Friday from 9 AM to 6 PM EST at 803.514.5155, via live chat, or via 24/7 email support at support@expressextension.com
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3/16/2017

The IRS Form 7004 Deadline Is Extended To March 20th.


Do you need more time to file? Well luckily, you have a few extra days to file your business income tax returns. Due to the recent winter storm Stella, the IRS has extended business tax return deadline to March 20th. This gives businesses 5 extra days to file after the original March 15th deadline. You can also gain even more time to file by filing Business Tax Extension Form 7004 with ExpressExtension for an automatic extension of up to 7 months to file.

Business Tax Extension Form 7004


IRS Form 7004 is the application for the extension of time to file business income tax and other information returns. As long as businesses correctly fill out this form and transmit to the IRS up until midnight on the day of the extended March 20th deadline in their local time zone they’ll receive an automatic extension of up to 7 months to file. 

Keep in mind that IRS Form 7004 is automatic, this means that the filing process to get your extension approved only takes a few minutes because you don’t have to provide the IRS with a valid reason for needing your extension. You simply have to submit it by the deadline. However, the earlier you file Form 7004 the better, for peace of mind, knowing that your extension has been approved.

If you just don't have your information ready or you're too busy to file you can use Form 7004 to avoid the IRS penalties to come with the failure to file by the deadline.

Remember: Form 7004 doesn’t extend the amount of time you have to pay your taxes. Any amount owed to the IRS must be paid in full by the original tax deadline.

It's important to know that the length of the extension you receive varies based off of your business type and tax year. For example:

- C-Corporations with tax years ending on December 31st receive an automatic 6-month extension.
- 5 ½ month extensions are given to certain estates and trusts.
- 6-month extension for forms in Part I and IV whose tax year doesn't end on December 31 or June 30, as well as other forms.
- C-Corporations with tax years ending on June 30th receive an automatic 7-month extension.

How to E-File With ExpressExtension


ExpressExtension is an IRS authorized e-file provider that’s safe and secure. Plus, they’ve streamlined the process to make e-filing Form 7004 and getting your extension instantly approved quick and easy.

All you have to do is create your free ExpressExtension account to get started. Then click “Create Business Tax Extension.

First, you’ll be asked to enter your basic business details, such as the business name, address, Tax-ID/EIN, and primary contact information. Make sure this information matches what the IRS has on file. You can do so by contacting the IRS directly at 1-800-829-4933.
Next, you’ll select your business entity type and select the IRS form you need an extension on. Then
you will select the tax year and select the option if your organization is a holding company.

After that you’ll be asked to make any payment owed to the IRS is applicable. This payment is an estimation of the amount you owe. Some businesses refer to the amount they owed last year, but due to economic turbulence, this option may not apply. Try to make your estimation as accurate as possible.

Then your information will be displayed so you can carefully review your form for errors. After that ExpressExtension will perform a quick audit check to catch any mistakes. Once any corrections that need to be made have been completed you can pay ExpressExtension and transmit your form to the IRS.

Note: You’ll only be asked for payment when you transmit your form to the IRS.

If you have any questions please don’t hesitate to contact the dedicated ExpressExtension support team via live chat, phone, or email. They’ll provide extended hours to be of service during the new March 20th deadline.
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3/15/2017

The IRS Form 7004 Deadline is Today!


The time to file your business income tax return is here! Are you ready to file? Do you have all of the information necessary to file gathered? We hope so because the failure to file will result in penalties and interest from the IRS! However, you could also avoid penalties and put off filing a little later by e-filing Business Tax Extension Form 7004 with ExpressExtension.

File IRS Form 7004 Today!


Business Tax Extension Form 7004 is the application for the extension of time to file business income tax and other information returns. As long as businesses correctly fill out this form and transmit to the IRS up until midnight the day of the March 15th deadline in their local time zone they’ll receive an automatic extension of up to 7 months to file.

The great this about IRS Form 7004 is the fact that it is automatic. This means that the filing process to get your extension approved only takes a few minutes because you don’t have to provide the IRS with a valid reason for needing your extension. You simply have to submit it by the deadline. However, the earlier you file Form 7004 the better, for peace of mind.

Form 7004 is used as a way to give yourself more time to file if you need more time to gather information or if you’re just too busy to file right now. Plus, this extension will allow you to file later
without getting hit with IRS penalties.

The penalties for failing to file differ based off of what type of business entity your business is. However, each of the penalties do grow larger on a monthly basis until you file.

Also, the length of the extension you receive varies based off of your business type and tax year. For example:

- C-Corporations with tax years ending on December 31st receive an automatic 6-month extension.
- 5 ½ month extensions are given to certain estates and trusts.
- 6-month extension for forms in Part I and IV whose tax year doesn't end on December 31 or June 30, as well as other forms.
- C-Corporations with tax years ending on June 30th receive an automatic 7-month extension.

Important: Form 7004 doesn’t extend the amount of time you have to pay your taxes. Any amount owed to the IRS must be paid in full by the original tax deadline.

How to E-File With ExpressExtension


ExpressExtension is an IRS authorized e-file provider that’s safe and secure. Plus, they’ve streamlined the process to make e-filing Form 7004 and getting your extension instantly approved quick and easy.

All you have to do is create your free ExpressExtension account to get started. Then click “Create Business Tax Extension.

First, you’ll be asked to enter your basic business details, such as the business name, address, Tax-ID/EIN, and primary contact information. Make sure this information matches what the IRS has on file. You can do so by contacting the IRS directly at 1-800-829-4933.

Next, you’ll select your business entity type and select the IRS form you need an extension on. Then
you will select the tax year and select the option if your organization is a holding company.

After that you’ll be asked to make any payment owed to the IRS is applicable. This payment is an estimation of the amount you owe. Some businesses refer to the amount they owed last year, but due to economic turbulence, this option may not apply. Try to make your estimation as accurate as possible.

Then your information will be displayed so you can carefully review your form for errors. After that ExpressExtension will perform a quick audit check to catch any mistakes. Once any corrections that need to be made have been completed you can pay ExpressExtension and transmit your form to the IRS.

Note: You’ll only be asked for payment when you transmit your form to the IRS.

If you have any questions please don’t hesitate to contact the dedicated ExpressExtension support team via live chat, phone, or email. They’ll provide extended hours to be of service during the March 15th deadline.
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3/13/2017

The IRS Form 7004 Deadline Is Almost Here!


Due to recent economic turbulence businesses have found themselves to be pretty busy. So busy, in fact, that they might not have time to file their business tax returns by the March 15th deadline. However, don’t let the deadline sneak up on you. You won’t want to deal with the penalties and fees for not paying. If you need more time to file then file Business Tax Extension Form 7004 by March 15th with ExpressExtension!

Form 7004


IRS Form 7004 or Business Tax Extension Form 7004 is the application for an extension of time to file certain business income tax and other information returns. If Form 7004 is correctly filled out and submitted to the IRS by the March 15th deadline you’ll receive an automatic extension of up to 7 months to file your taxes. Now that’s a lot of extra time to gather all of your information to file!

Anyone can apply for an extension on their business tax returns or other information returns with Form 7004 as long as their business entity is one of the following:

C-Corporation
S-Corporation
Multi-Member LLC
Partnership
Trust
Estate

Form 7004 is now automatic, meaning you don’t have to provide the IRS with a valid reason for needing an extension and it no longer requires a signature. You can complete the form online in a matter of minutes, without have to mail anything to the IRS and your extension will automatically be approved.

Now the length of extension that you receive depends on your business type and tax year. For example:

C-Corporations with tax years ending on December 31st will receive an automatic 6-month extension.

Certain estates and trusts will receive an automatic 5 ½ month extension.

C-Corporations whose tax years don’t end on December 31st or June 30th will receive an automatic 6-month extension.

C-Corporations with tax years ending on June 30th will receive an automatic 7-month extension.

How To E-File Form 7004


Filing Form 7004 is a quick and simple process. All you have to do is create a free ExpressExtension account and click ‘Create Form’ to get started. ExpressExtension is an IRS authorized e-file provider with a safe and secure website that’s encrypted. Your information will be guarded.

When you start the filing process make sure you have the necessary information gathered to complete Form 7004 such as your business name, address, and Tax-ID. Then ExpressExtension will provide you with step-by-step instructions that explain how to correctly fill out Form 7004 to make the process fast and easy.

If applicable you’ll need to pay the tax owed to the IRS. This is known as a tentative tax and is basically an estimation of the amount you’ll owe. Some businesses refer to the amount that they owed the previous year, but with economic turbulence that option may not apply. Try to make the estimation as accurate as possible. Refer to a local CPA or tax professional if you’d like assistance with your tentative tax.

Before your Form 7004 is transmitted to the IRS it’s reviewed for any errors. This way you can correct any typos or mistakes before your form. Be sure to carefully proofread it, to avoid your form getting rejected over a silly mistake like the wrong year on the date or a misspelled name.

In the rare event that your form is rejected, you’ll be notified via email with instructions on how to correct your form. You can then resubmit your form to the IRS as many times as necessary for free.

If you have any questions please don’t hesitate to contact our dedicated support team here at ExpressExtension. We’re available via live chat, phone, and email.
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3/09/2017

How To Avoid IRS Penalties

Nothing is serious as the IRS. They have their deadlines set in place and will come after you if you don’t file your taxes and don’t pay your tax bill. Remember this as the March 15th deadline for business income tax returns approaches. It looks like you have a little less than a week to file.

If you need more time to file, you can get an extension of up to 7 months with Business Tax Extension Form 7004. Just keep in mind that it only extend your time to file, not to pay your taxes.

Failure to file your taxes, file an extension, or pay your tax bill by March 15th will result in some hefty penalties and interest. The penalties are a little different based on business type:

C-Corporations that fail to file their returns are hit with a monthly 5% penalty on the unpaid tax return until the balance is paid. The minimum penalty, if not filed for more than 60 days is $135, or the unpaid tax amount, depending on which is smaller. 25% of the unpaid tax amount is the maximum penalty that the IRS can give.

S-Corporations that fail to file have to deal with a month 5% penalty on their unpaid tax amount until their return is filed. However, the penalty is limited to 25% of the unpaid tax.

If LLCs fail to file they are hit with a monthly penalty of $195. The penalty is per each managing member and can add up quick. The maximum penalty for this is 12 months.

Don’t let deadlines sneak up on you and don’t get hit with penalties and interest charged by the IRS, file an extension to give yourself more time to file instead.

Filing Extension Form 7004 with ExpressExtension


IRS Form 7004, or the Business Tax Extension Form 7004 is the application for the extension of time to file certain business income tax and other information returns. Depending on your business type and tax your you could receive up to an automatic 7-month extension to file.

Because extension Form 7004 is now automatic you no longer have to provide the IRS with a signature or a valid reason for needing an extension. As long as the form is correctly filled out and turned in by the original deadline your extension will be approved.

However, since 7004 does not extend the amount of time you have to pay your taxes you will have to pay a tentative tax with it. This is basically an estimation of the amount you’ll owe to the IRS.

Some businesses calculate their tentative tax based off of the amount they owed the previous year, but with economic turbulence, that method may not produce an accurate number. You can always refer a CPA or tax professional to help you calculate your tentative tax, just make sure your estimation is as accurate as possible.

Filing with IRS authorized ExpressExtension is easy. Simply create your free account and click 'Create Form' to get started. Then we will guide you step by step with instructions on how to correctly complete your form in a matter of minutes.

Before your form is transmitted to the IRS it’s scanned for errors so you can make any corrections before the form is sent off. Then you can view the status of your form in your account dashboard to see when it makes it to the IRS and when it’s approved.

If your form is rejected we will notify you via email, with instructions on how you can correct your form. You can then edit your form and submit it to the IRS as many times as necessary for free.

We’re always here to help. If you have any questions please don’t hesitate to contact our dedicated support team via live chat, phone, or email.
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3/06/2017

The Extension Deadline For Forms 1120-S & 1065 is March 15th!

Warning! Tax deadlines are approaching! Are you ready to file? We hope so because failure to file in time will result in penalties, interest charges, fees, and more. But what happens if you simply need a little more time to file?! The answer to that question is easy, file an extension. Since the deadline for extension Form 7004 is on March 15th today we’ll go over exactly what it is.

Extension Form 7004


Business Tax Extension Form 7004 can quickly and easily be e-filed online with ExpressExtension in a matter of minutes. It’s basically an application for an extension of time to file certain business income tax and other information returns.

Businesses file IRS Form 7004 in order to request an automatic extension of up to 7 months to file business income taxes for 2016 based on business type and tax year period.

For those who need to file form 1120-S and Form 1065 the fact that Form 7004 is automatic is great news because this means that you don’t have to provide the IRS with a valid reason for needing an extension. All you have to do is correctly fill out the form and transmit it to the IRS by the March 15th deadline.

Keep in mind that Form 7004 only extends your time to file, not your time to pay your tax bill. When filing an extension be sure to pay your tentative tax the IRS by the March 15th deadline.

A tentative tax is an estimation of the amount you owe. Some businesses reference their tax bill from the previous year and match that number, however, businesses can change a lot over the duration of one year so the amount owed can fluctuate. Try to give the most accurate estimation as possible, or consult an accountant or tax professional if you need help.

As referenced above the length of your automatic extension is determined by your business type and tax year:

C Corporations with tax years ending on December 31st are granted a 6-month automatic extension.

Certain trusts and estates are granted an automatic 5 and ½ month extension.

Corporations whose tax years mustn't end on either December 31st or June 30th are granted an automatic 6-month extension.

C Corporations with tax years ending on June 30th are granted an automatic 7-month extension.

E-Filing With ExpressExtension


With ExpressExtension you can easily file your Form 7004 in a matter of minutes. We even let you break free from your desk because you can use the ExpressExtension app on your iPad or Android tablet to file your Form 7004 from any location.

All you have to do is create your free ExpressExtension account to get started. We provide step by step instructions on how to fill out your form. We then scan it for any errors to catch any mistakes before your form is transmitted to the IRS.

Once you transmit your form you can view the status of it from your account dashboard. You’ll be able to see when your form reaches the IRS and when it’s approved. If you form is rejected you’ll be notified via email with instructions on how to correct your form. You can then make your corrections and resubmit your form the the IRS as many times as necessary for free.

Plus, with ExpressExtension you’re never alone. Our dedicated support team is always standing by to help. If you have any questions please don’t hesitate to contact us via live chat, phone, or email.
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3/02/2017

C-Corporations Need To File Extension Form 7004 By March 15th!

This serves as your official reminder that if your corporation is a C-Corporation the deadline to file your business income taxes is rapidly approaching on March 15th! That’s this month!

Don’t freak out, and if you’re already panicking, calm down. Here, at ExpressExtensions we can help by providing you with the Business Tax Extension Form 7004. All you have to do is spend a few minutes e-filing it by March 15th to automatically receive up to 7 extra months to file your return.

Just to be clear the IRS Form 7004 is the application for the extension of time to file certain business income tax and other information returns. It grants an automatic extension of up to 7 months to file income taxes for 2016 but differs based off your business type and tax year period.

For example, C Corporations with their tax years ending December 31st receive an automatic 6-month extension.

Certain Estates and Trusts receive an automatic 5 and ½ month extension.

Corporations whose tax years mustn't end on December 31st or June 30th receive an automatic 6-month extension.

C-Corporations with tax years ending on June 30th receive an automatic 7-month extension.

So be sure to know your business type and tax year information!

One of the best things about Form 7004, is that it’s automatic, meaning you don’t have to provide the IRS with a valid reason for needing an extension. As long as you have the form correctly filled out and transmitted to the IRS by the deadline A few other extensions require you to provide a reason that may be rejected.

Also, please be sure to remember that the Form 7004 only extends your time to file, it doesn’t extend the amount of time you have to pay your taxes. Failure to pay in time will result in fees, penalties, and interest.

This means that when you file your extension that you need to pay a tentative tax on it. A tentative tax is an estimation on the amount you owe. Some corporations base their tentative tax off of what they owed for the previous year, but as many changes happen during the year the number you owe could change greatly.

The information you need to file Form 7004 includes your business name, address, and either your Tax-ID or EIN. It’s important that this information matches what the IRS has on file. You can verify this by contacting the IRS directly by calling their number at 1-800-829-4933.

E-Filing With ExpressExtension


The best way to file Form 7004 is with ExpressExtensions. We provide the form as well as easy to follow instructions that will walk you through the process step by step. We even scan your form for mistakes before it’s transmitted to the IRS to catch any corrections that need to be made.

Once your form is transmitted to the IRS you can look at the status of it in your account to see when it reaches the IRS and when it gets approved! If your form gets rejected we will notify you via email with instructions on how to correct your form. You can then resubmit your form to the IRS as many times as necessary for free.

Plus, with ExpressExtension you’re never alone. Our dedicated support team is always standing by to help. Please don’t hesitate to contact us via phone, live chat, or email with any questions that you may have.
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