6-Month Extension Archives

What S-Corporations Need to Know About Form 7004 for Tax Year 2022-23

March 15, 2023

Filing a tax extension deadline allows businesses to prepare their tax returns and submit them to the IRS. Three different forms can be used by businesses to file their tax extensions. S Corporations should use Form 7004 to avail of an automatic six-month extension to submit their returns with the IRS. What is IRS Form 7004? IRS Form 7004 covers a range of returns, offering an additional six months for S Corporation to file them. The tax...

What is Form 7004, and what are the Instructions to fill it out?

March 10, 2023

The IRS tax Form 7004 is used to file automatic six-month extension time to file income returns, information returns, and business income tax with the IRS. If the taxpayer requires more time to file their business tax returns for the year, they can submit Form 7004 to the IRS. The IRs will grant an automatic six-month extension to submit the paperwork for their business tax. Filing this extension doesn’t exempt the taxpayer from paying the taxes; they...

E-file Form 8868 Exempt Organization Return? Non-profit Tax Extension

May 14, 2022

Are you an administrator, manager, or director running a tax-exempt organization looking for a federal tax extension? Then you must know the details about form 8868. Non-profit groups, charities, and other tax-exempt organizations can file form 8868 for an extension of six months for filing form 990. By filing form 8868, you gain an extension for form 990/990-EZ, form 990-BL, form 990-PF, and form 4720. Requirements for filing form 8868 The best feature of form 8868 is...

What is an IRS Tax Extension? Know More about Form 4868

November 9, 2020

Do you need more time to file your taxes? The IRS extension form 4868 is always available for extension purposes. Let’s peek through and get to know what an IRS tax extension form 4868. What is an IRS 4868 Extension? Citizens filing a federal income tax and looking for a time extension beyond the April filing deadline can gain an extension. The extension is obtained by filing the IRS extension form 4868. By filling this form, your...

IRS provides tax relief for victims of Hurricane Sally; 15- October deadline, other dates extended to 15-Jan

October 14, 2020

Have you been a victim of the latest natural disaster Hurricane Sally? Do you know deadline extension and tax relief for affected victims? Based on your location, there is tax relief for hurricane Sally victims. Here’s a glimpse of it. Hurricane Sally Relief Due Date Extended Oct. 15 to Jan. 15 The IRS has declared relief for victims affected by hurricane Sally. The storm arose on 14-September 2020, and taxpayers affected by the storm have an extended...

COVID-19 PANDEMIC PROMPTS MANY TAX CHANGES

April 30, 2020

Is the covid-19 affected form 2290 deadline for 2020-21 tax year

The government responded to the COVID-19 pandemic by giving breaks for the American taxpayers from filing forms to paying taxes. Filing and Payment Suspensions The IRS released a notice stating that they are suspending much federal tax amount and filing deadlines to July 15, 2020. For people whose filing and paying falls on or after April 1, 2020, and before July 15, 2020. This applies to all the taxpayers. There will no penalty or interest for the...

Pros and Cons of Filing a 4868 Personal Tax Extension

April 7, 2020

When the tax filer is unable to file the tax on or before the given deadline, then the tax filer can request for a tax extension. The persons who are serving in the military get an automatic tax extension without any requests. Usually, when a tax extension is made, it moves the deadline to file the tax further. Having said that, there are both Pros and Cons in filing a 4868 tax extension. Pros of filing 4868...

Due Dates for Business Tax Returns and Extensions

March 11, 2020

Form 7004 which is otherwise known as an Application for Automation Time Extension for filing Business Income tax return and other related returns. Filing this business tax extension application (Form 7004) online is made simple and quick by e-filing Form 7004 with an IRS Authorized tax service provider like Tax2efile.com. IRS Form 7004 Extension for Business Tax Returns Generally, Form 7004 consists of three main sections and the extension time provided by submitting the form to the...