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

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

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

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

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

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...