Tax Season Simplied: ExpressExtension Features Designed for Tax Professionals
January has come and gone, but tax season is just getting started! There are many IRS deadlines ahead including some of the 1099 Forms, ACA 1095 forms, business tax returns, tax-exempt returns, and personal tax returns.
Now is the perfect time for tax professionals to purchase their prepaid credits to lock in their best pricing, and begin the process of filing IRS tax returns for their clients in preparation for the many deadlines throughout tax season.
The following features are available from ExpressExtension to make this possible.
A Volume-based Pricing Model
ExpressExtension offers volume-based pricing to help maximize savings for tax pros. The more forms you plan to file, the more you will save on the price per form. This allows you to purchase your credits for tax season now and continue to apply them throughout tax season, each time you file for your clients.
Bulk Upload Templates for Simplified Filing
Filing each extension form manually is an option, but for tax professionals and CPAs filing on behalf of many clients and filing in bulk is a great option. ExpressExtension makes the process easy, simply download the template for the extension form you wish to file in bulk, then complete the template by filling in all of the required fields. Once complete, simply upload the file to your account. After reviewing your forms you can transmit them to the IRS.
Easily Track Client Filings
The ExpressExtension account Dashboard makes it easy to track the status of all the forms you’ve filed for your clients. When the IRS processes these forms your account will be instantly updated and you will receive email notifications as well.
Having this information at a glance allows you to stay proactive and manage your clients’ extensions efficiently. Any rejected forms can be easily corrected and transmitted to the IRS. Additionally, ExpressExtension will provide the IRS reason for rejection.
Extension Forms Supported by ExpressExtension
ExpressExtension now supports the following IRS Tax Extensions for the 2023 tax year:
Form 7004: Application of Extension of Time to File Certain Business Tax, Information, and Other Returns
- Form 7004 can be filed by businesses that are classified as a corporation, C-corporation, S-corporation, LLC, partnership, trust, and estate can file Form 7004 to request an extension of up to 6 months on their business income tax return. This business tax extension applies to several commonly used forms, such as Form 1065, 1120, 120-S,1041, and more
Form 4868: Application of Automatic Extension of Time to File U.S. Individual Income Tax Return
- Form 4868 can be filed by individual taxpayers who have the option to file Form 4868, granting them a 6-month extension for filing their personal income tax returns. This personal tax extension applies to commonly used forms, such as Form 1040 and 1040-NR (Non-resident).
Form 8809: Application of Automatic Extension of Time to File Information Returns
- Businesses are obligated to submit various information returns to the IRS, reporting payments made during business operations, employee compensation, Affordable Care Act forms, and other relevant details. To request a 30-day extension, businesses can use Form 8809 with the IRS. Commonly extended forms using this process include Form 1099, ACA Form 1095, and more.
Please note that we also support the e-filing of Form 8868, the form filed by tax-exempt organizations to extend their 990 deadline. However, currently, the IRS has temporarily suspended the e-filing of Form 8868 due to maintenance.
The IRS anticipates reopening the e-file system in mid-March, at which point the e-filing of Form 8868 will resume. Once this resumes, you can easily e-file Form 8868 with ExpressExtension.
Create your ExpressExtension account today and kickstart tax season with our Tax Pro features! Don’t worry, our expert Support Team is here to assist you during the filing process. They are available via email, phone, and live chat.
