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Posts Tagged ‘E-filing Tax Extension’

IRS Video of 2012 Tax Season with Deadline Extended to April 17

January 19th, 2012
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The Internal Revenue Service starts 2012 tax season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds.

Taxpayers will have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 falls on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia, falls this year on Monday, April 16. According to federal law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have two extra days to file this year. Taxpayers requesting an extension will have until Oct. 15 to file their 2012 tax returns.

Here is a video from the IRS about Tax deadline Extended to April 17:

Author: Categories: Efile Tax Extension, ExpressExtension.com, Form 4868, Form 7004, Form 8868, IRS Tax Extension Videos, IRS Videos, Tax Deadline extended video, Tax Extension Tags: , , , , , , , , , , ,

IRS Grants One Week Extension for those affected by Hurricane Irene

September 7th, 2011
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Our hearts go out to all those across the East coast that were recently affected by Hurricane Irene. Fortunately, the IRS will also extend the tax deadline for those with taxes due on September 15th this year to instead be due on September 22nd.  

The official rules for the extension to be effective require the taxpayer’s preparer to be located in an area that was either under an order to evacuate or was issued a severe weather warning due to Hurricane Irene.  

To view the Official IRS newsletter, see the text below:

WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers whose preparers were affected by Hurricane Irene until Sept. 22 to file returns normally due Sept. 15. The taxpayer’s preparer must be located in an area that was under an evacuation order or a severe weather warning because of Hurricane Irene, even if the preparer is located outside of the federally declared disaster areas.
This relief, which primarily applies to corporations, partnerships and trusts that previously obtained a tax filing extension, is available to taxpayers regardless of their location.
This relief does not apply to any tax payment requirements.

 

This relief is in addition to the filing and payment relief the IRS is providing to taxpayers located in disaster areas declared by the Federal Emergency Management Agency (FEMA). For details, visit TaxRelief in Disaster Situations on the IRS website,www.irs.gov.
Author: Categories: Business Tax Extension, E-file tax extension, Form 4868, Form 7004, IRS Grants one Week extension, Personal Tax Extension, Tax Extension Tags: , , , , , , , , , ,

A Record Number of E-Filings

April 19th, 2011
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As of Right Now (April 18, 2011) there have already been over 100 Million people who have E-Filed their Tax Returns with the IRS this year!  That is already an 8.8 percent increase from last year.  Such a sharp increase could perhaps be because this is an odd tax year.  Instead of taxes coming due on the traditional April 15th Deadline, taxpayers had until Monday April 18th this year.  This delay is because Friday, April 15th was Emancipation Day, which is a Washington DC holiday.  This gave taxpayers an extra 3 days to file their tax returns.  The IRS E-File program began in 1990 and has steadily increased in popularity.  There have nearly been one billion tax returns filed since its beginning.  It is important for taxpayers to also know that it is not too late to file for a tax extension.  You can file a Personal tax extension by filing a Form 4868 which is an “Application for Automatic Extension of Time to File US Individual Income Tax Return.”  This form allows taxpayers to delay their tax deadline to October.

NonProfit organizations can also file a tax extension by filing Form 8868.  These forms are different because it consists of two parts: an automatic 3 month extension, and a non-automatic additional 3 month extension.  These must be filed separately if one wants to use them both.  

Taxpayers can also file these E-File these forms from the comfort of their own home or office!  An excellent tax preparation software program for Tax Extensions is ExpressExtension.com.  The process only takes about 10 minutes and in the end, you receive an email confirmation once the extension is processed by the IRS.  

Author: Categories: Business Tax Extension, Form 4868, Form 7004, Personal Tax Extension, Tax Extension Tags: , , , , , , , , , ,

What Forms to File For a Tax Extension?

April 15th, 2011
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During this hectic time of year, millions of people find that they have very little time to file their tax returns.  Fortunately, Uncle Sam is willing to be flexible and will accept tax returns after the traditional April deadline.  This can be made possible by filing a tax extension with the IRS.  There are several different IRS Forms that can be filed and each one is very different.  The 3 major IRS Forms for Tax Extensions are Form 7004, Form 4868, and Form 8868.  Businesses typically file a Form 7004 in March to apply for a 5-6 month Tax Extension.  Individuals file a Form 4868 in April for an automatic 6 month tax extension.  Non Profit Organizations use the Form 8868 to receive a 3 month tax extension.  

Businesses that may file Form 7004 include Multi Member LLC’s, C-Corporations, S-Corporations, Partnerships, Trusts, and Estates.  Businesses often find themselves overwhelmed, and since there are such few reasons to not file an extension, it is becoming increasingly normal.  Also, once a business get used to filing an extension, it becomes more difficult to go back to the traditional filing deadline.

Individuals wishing to file an extension with form 4868 can apply in April, and extend their filing deadline until October.  The IRS Form 4868 can be used for Personal Returns, 1099 Contractors, Sole Proprietorships , and Single Member LLC’s.

Non-Profit Organizations wishing to file a tax extension  can do so by filing Form 8868.  This form grants a 3 month extension of time to file.  They can then file an additional 3 month extension of time after that.  Groups that can file this return include Non-Profits and Exempt Organizations.

All of these forms can be E-Filed with the IRS from the comfort of your own home or office.  One of the best online providers of this is ExpressExtension.com.  They can E-File these forms with the IRS in minutes and the user will receive a confirmation from the IRS automatically.

Author: Categories: Business Tax Extension, E-filing tax extension with IRS, filing a tax extension, Form 4868, Form 7004, Personal Tax Extension, six months tax extension, Tax Extension Tags: , , , , , , , , ,

IRS Form 7004: Automatic Extension for Business Tax Returns

December 24th, 2010
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Beginning January 18, 2011, businesses can automatically extend the filing deadline for their 2010 returns. The IRS automatically grants filing extensions to nearly every business that properly files an IRS Form 7004.

IRS Form 7004, officially known as the “Form 7004 – Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns,” is a request for an automatic extension of time to file certain business tax returns. The extension will be granted by the IRS if the business:

  1. Complete IRS Form 7004 properly,
  2. Make a proper estimate of the tax (if applicable),
  3. File the form by the due date of the return to which the Form 7004 applies, and
  4. Pay any tax that is due.
An IRS Form 7004 can be submitted to automatically extend the filing deadline for 32 different IRS returns. The IRS typically grants automatic extensions of five (5) or six (6) months, depending on the return for which the extension is filed. The eligible returns and length of automatic extensions are listed below:

Automatic 5-Month Extension:
Form 1065
Form 8804
Form 1041 (estate)
Form 1041 (trust)
Automatic 6-Month Extension:
Form 1041-N
Form 1041-QFT
Form 1042
Form 1065-B
Form 1066
Form 1120
Form 1120-C
Form 1120-F
Form 1120-FSC
Form 1120-H
Form 1120-L
Form 1120-ND
Form 1120-PC
Form 1120-POL
Form 1120-REIT
Form 1120-RIC
Form 1120S
Form 1120-SF
Form 3520-A
Form 706-GS (D)
Form 706-GS (T)
Form 8612
Form 8613
Form 8725
Form 8831
Form 8876
Form 8924
Form 8928
Please note: IRS Form 7004 does not extend the time for payment of tax. Generally, payment of any balance due according to IRS Form 7004 is required by the due date of the return for which this extension is filed. For more information please visit www.ExpressExtension.com or call 704-234-6000.
Author: Categories: Application for Automatic Extension of Time, Business Tax Extension, E-filing tax extension with IRS, file a tax extension, filing a tax extension, Form 7004, IRS Form 7004, Personal and Business Returns, Tax Extension E-file Provider, Tax Professional Tags: , , , , , , , ,
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