Tag Archives: Form 7004

Tomorrow March 15 is the deadline for Form 7004 Business Tax Extension

The Business Income Tax Extension Form 7004 is due for certain business types by March 15th; Corporations, including S-corporations, operating on the calendar year for tax purposes must file for their business tax extension on the 15th day of the 3rd month. Some other business types like Partnerships, LLCs, and sole proprietorships have until April 15th for the due date to file for their tax extension. Don’t wait till the last minute to efile an extension form, file early to get it done right away. Electronic filing is simple, easy and quick; as easy as 1-2-3!

Form 7004 can be e-filed through http://ExtensionTax.com. All the returns shown on Form 7004 are eligible for an automatic extension of time to file from the due date of the return. However, Form 7004 cannot be filed electronically for Forms 8612, 8613, 8725, 8831, 8876, or 706-GS(D). Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns varies with the calendar or fiscal year filing deadlines. File a separate Form 7004 for each return for which you are requesting an extension of time to file.  Continue reading

Business taxpayers should take another look at their estimated tax payments

IRS in their latest issue (Issue Number: Tax Reform Tax Tip 2019-23) has alerted the business taxpayers to double check the estimated tax payments, and here it from the alert…

Taxpayers who pay quarterly estimated tax payments may want to revisit the amount they pay. The Tax Cuts and Jobs Act changed the way most taxpayers calculate their tax. These taxpayers include those with substantial income not subject to withholding, such as small business owners and self-employed individuals. The tax reform changes include:

  • Revised tax rates and brackets
  • New and revised business deductions
  • Limiting or discontinuing deductions
  • Increasing the standard deduction
  • Removing personal exemptions
  • Increasing the child tax credit

Continue reading

Extension From 7004 is due in Another 10 Days!

“The difference between death and taxes is death doesn’t get worse every time Congress meets”                       – Will Rogers

March 15th will be the deadline to file your business income tax return and if you need more time to file, it’s not too late to e-file an extension with www.Extensiontax.com . Missing your tax deadline can incur hefty penalties & Interests.  Extensiontax.com is your one-stop e-filing solution for IRS tax extensions. E-filing an extension for your business tax return is quick and easy… Continue reading

Common Errors to Avoid when Filing a Tax Return

IRS in the recent Tax Tip issue (Issue Number: Tax Tip Number 2018-55) covered the common errors to avoid when filing a tax return. Electronic filing can very well eliminate the common errors and will collect all required data to be filled in a tax return. However here is the tax tip from IRS….

To ensure they meet their tax obligations, taxpayers should file accurate tax returns. If a taxpayer makes an error on their tax return, it will likely take longer to process and could delay a refund. Taxpayers can avoid many common errors by filing electronically, the most accurate way to file a tax return. All taxpayers can use IRS Free File.

Here are common errors to avoid when preparing a tax return: Continue reading

Tips for Getting Unclaimed 2014 Tax Refunds

IRS in its recent issue (Issue Number: IR-2018-83) has highlighted that refunds worth $1 billion is still unclaimed for tax year 2014… here is the complete message from them. Read it here 

Further to that IRS has also highlighted in its Tax Tips (Issue Number:    IRS Tax Tip 2018-53) for Getting Unclaimed 2014 Tax Refunds.

The IRS reminds taxpayers they may have money waiting for them. About 1 million taxpayers who did not file a 2014 federal income tax return have unclaimed tax refunds totaling about $1.1 billion. Here are some things taxpayers should know about these unclaimed refunds: Continue reading

List of ThinkTrade Inc’s Services – You Need This Month!

ListThinkTrade Inc is authorized and certified by IRS to offer e-filing services for federal excise and extension taxes. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.ExtensionTax.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline. Right now we are in the month of April and we know that there is a huge list of tax Forms that are due this month.

 

Below are the lists of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Applications: Continue reading