Stop that. Take a deep breath and ask yourself, “When have the good people at ExpressExtension ever let me down?”
So, the IRS has this thing called a Perfection Period. You can think of it as a kind of grace period for rejected returns or extensions.
“What is a Perfection Period?”
The IRS defines it as a “look back” period that’s determined once a return or an extension is accepted. Depending on which form you e-filed, the IRS looks back ten days from the electronic postmark to see if there have been any rejections for the same Employer Identification Number (EIN) and tax period.
If they find one or more rejections within that 10-day period, the IRS will use the date of the earliest rejection as the official acceptance date of your e-file.
“OK. But what does that mean?”
It means that even if you resubmit your extension after the original due date, as long as it’s within ten days of when you first received the rejection, then your e-file won’t be counted as late. The IRS will mark it as being received on the same day they rejected you.
Things to Consider About your Perfection Period
The most important thing to consider is that a Perfection Period varies with different extension forms. For Exempt Organization Extension Form 8868 and Business Tax Extension Form 7004, the period lasts only five days. Other things to consider
- You must retransmit the corrected return within the Perfection Period.
- You can retransmit more than once during the Perfection Period.
- Any retransmission after the end of the Perfection Period results in a late filing
- The Perfection Period can never be extended regardless of weekends, holidays, or end of year cutoffs
In any situation, rejection doesn’t feel good. But all you can really do is get up, dust yourself off, and try it again. With ExpressExtension, you can e-file your Form 8868, 7004, & 4868 and, if rejected, you can correct and resubmit through us for FREE.
For any questions or assistance with e-filing your tax extension, you can call our live professionals by phone (803-514-5155, Monday through Friday from 9am to 6pm EST), email (firstname.lastname@example.org), or live chat (www.expressextension.com).