What is Tax Extension?
If additional time is needed to file a tax return with the IRS.
An IRS tax extension is meant to extend the amount of time that a person has to file a return.
It does not
extend the amount of time to pay the taxes due.
The IRS will...
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What is Tax Extension?
If additional time is needed to file a tax return with the IRS.
An IRS tax extension is meant to extend the amount of time that a person has to file a return.
It does not
extend the amount of time to pay the taxes due.
The IRS will still expect to receive the estimated tax
amount upon the deadline.
What does an extension do?
Tax extensions are IRS supplementary forms to apply for an extension of time, not an extension to pay
taxes.
To extend the time to file taxes, you ll need to file Form 1138, which you can get from the IRS.
Filing a Tax Extension with the IRS can delay your tax return deadline by up to 6 months.
The IRS is now
accepting this online through E-Filing.
There are several forms that can be filed for this.
The IRS Form
7004 can be filed for businesses wishing to extend their tax return deadline.
For individuals that need a
tax extension, they can use the IRS Form 4868 for a 6 month extension.
Non Profit organizations are not
exempt from b
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