Efile Tax Extension
Question: If I efile today for an extension on my taxes, when they are complete can I still efile them?
In other words–does filing for an extension make it mandatory to mail in a physical return or can I still efile my return when complete, say next week or next month?
Answer: Usually you can e-file until about Oct 15.
E-file your tax extension with Express Extension!
Tax File Extension
Question: How do you file a tax extension for a gift tax return?
Answer: The most common form would be to use Form 8892. At the top of the form, it asks questions, so depending on your situation and how you answer the questions, you may need to use a different form that it will tell you to use.
Hope this helps, and Good Luck.
IRS Allows Extension To Voluntary Disclosure,
The United States Internal Revenue Service (IRS) has included changes to its 2011 Offshore Voluntary Disclosure Initiative (OVDI) on its website, including an extension of the compliance deadline under certain conditions.
How to File For a Tax Extension
Tax File Extension Deadline
Question: Penalties for paying tax on time but failing to file by the extension deadline?
Last year I paid a very fair estimated amount (likely 5-10% too much) at the April 15th due date. However, I still have not actualy filed for that year. I am about to file for that year (and the current one), but was curious, should I expect any penalities or fines for the late filing?
Answer: 25% of the underpayment or zero.
State Tax Extensions Available for Residents in Storm Damaged Areas
Due to severe storms that hit Virginia April 27, state Tax Commissioner Craig Burns has granted more residents a 30-day extension on their state taxes.
Tax Tips: Time Is Running Out – Three Deadlines
Tax Filing Extension
Question: Filing tax deadline and extension question… Is it automatic?
Last year, I knew I wasn’t ready at April 15, so I asked my CPA to file for an extension. Got an invoice from CPA for $35. Then I checked online somewhere, I think it said everyone’s Tax Filing Deadline is automatically extended, if one didn’t file on time. Is this true? Did she just charge me $35 for doing nothing? If I want to file an extension but have her prepare my taxes, can I do that?
This year, I’m not sure if I’ll be getting a refund, as I will be reporting larger than last year’s earnings. Do I have to pay in advance if I’m ready to file for an extension (or is that truly an automatic thing?), or can I just pay when I file after April 15?
Thanks in advance.
Please accredit your answer with source (CPA, online webpages, personal experience…)
Answer: As strange as this may sound, you do have to file a request form to receive the automatic extension.
You have to file “Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return”:
http://www.irs.gov/pub/irs-pdf/f4868.pdf
Be aware this extension applies only to filing your tax forms. It’s not a extension for you having to pay your taxes. If you are late paying your taxes, they can still charge you late penalty fees.
This information applies to the Federal IRS tax filing only. Each State has its own Tax Filing Laws.
Silicon Valley conflicted over proposed tax deal
News of President Obama’s proposed deal to extend Bush-era tax cuts for two years and keep the unemployment-benefits pipeline flowing for another 13 months rippled across Silicon Valley on Tuesday, earning muted praise from tech leaders but concern among economists and even small-business owners and the jobless who stand to benefit in the short-term.
President Obama on Tax Cuts and Unemployment Extension
Income Tax Filing Extension
Question: Does tax form 2350 extend state AND Federal Tax Filing date?
I worked in the state of Colorado in 2009, but then moved to the UK in August and worked there. I realize I need to file form 2350 to ask for an extension in order to qualify for the Foreign Earned Income Exclusion, but once I do this, does it extend the federal AND state tax, or just federal? If its just federal, can I file state taxes as normal? Do I have to include foreign earned income on state taxes at all?
Answer: You’ll have to check with the CO DoR. Some states automatically grant any approved Federal extensions while others do not and require a separate extension application. (And most states don’t grant the foreign earned income exclusion so the 2350 extension would be moot. In this case you’d need to file the CO return on time.)
Some states (MO for example) grant an automatic extension if you file a Form 4868 Federal extension. The 4868 gives you a full 6 month extension. Since you moved in August you’ll meet the 330 day test in July so filing Form 4868 will cover you for the foreign earned income exclusion just as well as the 2350 does. The only time you’d need to use the 2350 is for an extension past Oct 15th which isn’t necessary in your case.
Also bear in mind that neither Form 2350 nor 4868 gives you an extension of time to pay any tax due. You get a 60 day extension to June 15th since you reside outside of the US but penalties and interest will accrue from that date on if any tax is due when you do file. For this reason be SURE to enclose payment in full for any tax that you will owe once you do file.
Is a Tax Cut Compromise in the Works?
With a Stronger GOP Post-Election, White House Says Obama is Open to Compromise About Extending Bush Tax Cuts
IRS Debt Help – Filing Extension – Form 4868