Monthly Archives: November, 2013

Things to Keep in Mind When you File Form 4868

You may know by now what the form 4868 is, some may not. Briefly, it is a form that you file in place of your taxes (this being said, do not file on April 15th, do it before hand) that acts as an application to get an extension on filing your actual tax return.  This form in particular is an application for a six month extension; others will give you four, the other will give you five month extensions. You are able to plead you case as to why you are filing for this extension, and from what we can tell the government is more than willing to listen. Typically, not having your information necessary to fill out your tax return in time is reason enough, honestly. But there are still some things to consider and keep in mind when you are filling the 4868 tax form out.

Remember what you need and the stipulations that come with the form

Before you start filling out the 4868 tax form, be sure you have all of the information handy that is necessary to fill it out successfully. This is pretty general information that you will need, but it still helps to be fully prepared before doing so.

form 4868 extension filing

Be sure you have all income information and possible payments owed to the government; they will need to know this in order to process your application. You must be sure to put down your legal name (if you had changed this since the last tax year, you need to report this to the IRS before you can file this form) and your permanent address. Your social security number will be necessary for this as well. If you are filing joint, you need to have your spouse’s information ready as well, and be sure you put this in the exact order as it will appear on your return.

You need to keep in mind that while this form does extend the due date for your return, it does not extend the due date for any payments you may owe to the IRS. Many people have mistaken this form to include that as well, but this is simply not the case. So keep up with your payments, and you won’t get hit with any late fees on anything.

Remember the due date on the actual form

This is due by April 15th, just like your taxes would have been. If you have any doubt about being granted the extension, get this form in as soon as possible, so you can plan for the worst. You will be assessed late feed if you do not file it on time, so remember that. And just because you are granted those six months does not mean you need to wait until those six months are up. Get your taxes prepared and filed as soon as possible; you will reap more benefit and reward by doing this. In order to take care of this quickly, e-file form 4868 instead of mailing it in. The process is exponentially faster this way. Get in touch with to file your extension.


Staying Exempt: Who needs to file a Tax Form 990 n or 990 n Postcard?

If you are a small non-profit business, you may be surprised to learn that you will need to file an ‘e-postcard’; most known as the IRS Form 990-N. Most if not all small nonprofits often do not realize that if they fail to file they will immediately lost their tax-exempt status and furthermore, those who donate will not be able to make a claim for a tax deduction for their donations. This form is used to make the operations of nonprofits easier for those her operate them and much more; continue reading for more information.

Who Must File Form 990-N?

All nonprofits that make a gross in receipts of no more than $25,000 or under are required to file a Form 990-N; this was put into effect in 2007’s tax year. From 2007’s tax year and until 2010’s tax year, your receipts were to satisfy the requirements for the average $25,000 or under during the last 3 tax years; including the year that the return will be filed. In 2010’s tax year, there was a change made. This change that took place was with the $25,000 threshold for filing; this meant that the $25,000 went up to $50,000 making it so that more small nonprofits could become eligible to file the e-postcards in 2011’s tax year.

How should a Form 990-N be Filed?

The process for filing a Form 990-N is so easy that the IRS does not really consider it to be a tax return like some might believe it to be; it literally takes you no time at all to complete, maybe 15 minutes to be exact. The Form 990-N is found and filed online via a website that is operated by the Urban Institute, which is a large nonprofit that has been helping all of the nonprofit community to be IRS compliant for a number of years. Once you have completed the form, you can send it electronically.

What if a Form 990-N is not Filed?

The IRS is really serious about having everyone follow and file anything for tax purposes; especially when it comes to getting the small nonprofits to file a Form 990-N. In the event that you do not file this form for even a single year, the IRS will send you a reminder notice.  However, should you fail to file a Form 990-N year after year; things will get tougher and tougher just to get back into good standing overall. If a nonprofit is required to file Form 990-N and fails to do so after 3 consecutive tax years, the nonprofit will immediately lose its ability to be legally tax-exempt on the filing due date of the third year.

Should your nonprofit lose its tax-exempt status, you will be required to re-apply for a federal tax exemption again. What does this mean? In short, it means filing an IRS Form 1023 again as well as paying for the large filing fee.

Over the years, several nonprofits have been affected by this new Form 990-N filing requirement are no longer open for business and thousands of active nonprofits will face losing their tax exemptions by not adhering to the new filing rules. It is because of this that you want to make 100% sure that your nonprofit will not be one of those that unfortunately experienced such a loss. Get in touch with to file your non profit tax.

Form 7004 Extension and E-Filing

Tax time is a busy time for everyone. The beginning of the year businesses are readying their returns and sending them out to their employees as well as doing their own. Sometimes getting things in order takes longer than expected, and the IRS is aware of this. However, they are not particularly lenient with late payments without an official extension. For personal or business returns it is important to file an extension with the IRS to avoid penalties such as fees, audits, and tax evasion charges. The form for extending your deadline to file most business returns is the IRS Tax Form 7004.

What is IRS Tax Form 7004?

Form 7004 is the application for automatic extension of time for filing certain business income tax, informational, and other returns. The Form 7004 Extension can be used by corporations, partnerships, other small businesses, and certain trusts. There are three parts to this extension form, part three is for everyone and you will file part one or two depending on the type of tax extension being requested.

The extension form is to be used if you will not be able to file your corporate income tax return on time by the original due date. Officially requesting an extension will save you from late fees and the possibility of a tax evasion suit in the future.

Filing Extension Form 7004

This form is valid for extending several tax returns and there are two different ways to file for the extension. The form can either be mailed in or submitted via e-file. For forms 8612, 8613, 8725, 8831, 8876, and 706-GS(D) extension forms must be mailed in to the appropriate address. However, for most others e-file is appropriate. There are a few options for e-filing form 7004. A tax preparer can file the form for you, either by mail or e-file, you can file the form yourself through a third party – such as – or you can go to and use one of their e-filing options.

Remember that an extension is for you to extend your due date for the current year’s tax return, not for any payments. Form 7004 will not extend any payment deadline for taxes due. Issues regarding payment must be dealt with separately and payment must be made on time unless otherwise arranged with the IRS.

Filling out the form is easy and is available at as a PDF form that you can edit, save, and print right from the website to mail in or e-file. Extension forms should be submitted before the original deadline to file your return, otherwise you will still be considered “late” and may incur penalties. E-filing your 7004 form ensures that the form will be received in a timely manner and you will have automatic confirmation of the delivery, meaning you can file your extension closer to the deadline without chancing missing it. It also means that mail delays will have no effect on the delivery of your documents.

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Get information on all IRS related tax forms like, form 2290, form 1099, 4868, 990n and more. Get expert advice on efiling your tax through IRS approved e-filing service provider,

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