That’s true…many people are unable to file their income tax returns due to many reasons be it lack of time, incomplete tax forms or they just need more time to sort out their tax papers. People who file incorrect tax forms incur penalties and those who fail to file on time too incur penalties, causing them tension, loss of money and unnecessary waste of time. But every problem has a solution and even tax industry has many solutions for tax payers, one being the tax extension forms
Tax extension forms are official forms designed to ask for extra time to file tax return from the IRS. For individuals, sole proprietors, single member LLCs and 1099 contractors IRS has designed form 4868 also known as Application of Automatic Extension of Time to File U.S. Individual Tax Return to get an automatic 6 month extension on their income tax filing. The last date to file an income tax return is April 17th 2012, however if you opt to efile tax extension form 4868, it will extend your tax date to October 15th 2012.
IRS form 4868 filing guide
There are 2 methods to complete form 4868 filing. One is the paper filing format and the other is the efiling format. Millions of individuals opt for efile method of income tax extension because of its ease, efficiency, security and speed.
When you are filing form 4868, make sure to have certain information already in hand such as: your name (and your spouse’s name, if you are filing jointly) and address and your social security number(s), The estimate of your total tax liability for the year, The total payments you have already made, The balance due, The amount you are paying.
Yes it is very essential that you ensure weather you owe taxes to IRS or weather you will be receiving refund. IRS DOES NOT grant extra time to pay your tax liability due. So, if you do owe any taxes to IRS, make sure you pay them along with your tax extension form.
Benefits to file tax extension form 4868 electronically:
• Last year 10.1 million people efiled tax extension form and IRS did not ask for any reason
• It gives you more time to prepare and file tax extension returns accurately
• Electronic filing of tax extension form saves you from late filing tax penalty and incorrect filing penalty
• Efiling tax extension forms provides IRS confirmation receipt (not for paper filing)
• Efiling tax extension form is paper free and very cost effective.
Tax extension forms are official forms designed to ask for extra time to file tax return from the IRS. For individuals, sole proprietors, single member LLCs and 1099 contractors IRS has designed form 4868 also known as Application of Automatic Extension of Time to File U.S. Individual Tax Return to get an automatic 6 month extension on their income tax filing. The last date to file an income tax return is April 17th 2012, however if you opt to efile tax extension form 4868, it will extend your tax date to October 15th 2012.
IRS form 4868 filing guide
There are 2 methods to complete form 4868 filing. One is the paper filing format and the other is the efiling format. Millions of individuals opt for efile method of income tax extension because of its ease, efficiency, security and speed.
When you are filing form 4868, make sure to have certain information already in hand such as: your name (and your spouse’s name, if you are filing jointly) and address and your social security number(s), The estimate of your total tax liability for the year, The total payments you have already made, The balance due, The amount you are paying.
Yes it is very essential that you ensure weather you owe taxes to IRS or weather you will be receiving refund. IRS DOES NOT grant extra time to pay your tax liability due. So, if you do owe any taxes to IRS, make sure you pay them along with your tax extension form.
Benefits to file tax extension form 4868 electronically:
• Last year 10.1 million people efiled tax extension form and IRS did not ask for any reason
• It gives you more time to prepare and file tax extension returns accurately
• Electronic filing of tax extension form saves you from late filing tax penalty and incorrect filing penalty
• Efiling tax extension forms provides IRS confirmation receipt (not for paper filing)
• Efiling tax extension form is paper free and very cost effective.
Greenextensiontax.com is an IRS certified and approved efile provider offering quick, secure and easy solution to efile tax extension forms online. Greenextensiontax.com has over 8 years of rich and proficient experience in efile and tax technology industry. Using Greenextensiontax.com green efile tool It takes less than $9.5 and less than 5 minutes to extend your tax dates to October 15th 2012.
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