Tag Archives: Form 8868

Why it’s important for taxpayers to know their filing status

When a taxpayer files their tax return, they need to know their filing status. What folks should remember is that a taxpayer’s status could change during the year. So, any time is a good a time for a taxpayer to learn about the different filing statuses and which one is best for them.

Knowing the correct filing status can help taxpayers determine several things about filing their tax return:

  • Is the taxpayer required to file a federal tax return or should they file to receive a refund?
  • What is their standard deduction amount?
  • Is the taxpayer eligibility for certain credits?
  • How much tax they should pay?
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Many tax-exempt organizations must file information returns by May 15

Form 990-series returns are due on the 15th day of the fifth month after an organization’s tax year ends. In 2019, May 15 is the deadline to file for organizations using a calendar year tax year. If you need an extension of time to file, use Form 8868, Application for Automatic Extension of Time to File an Exempt Organization Return.

IRS is sending back incomplete and incorrect returns  

The IRS sends back Form 990 series returns filed on paper – and rejects electronically filed returns – when they are incomplete or the wrong return. What happens if my Form 990 is missing information or a schedule, or is the wrong return? 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

Few More Hours Left To Efile for an Extension Through Form 8868. Hurry Up!

Welcome back, tax filers. Hope you are pink of health. Last week we had a blog on form 8868, providing you with an overview about the form. However, today we are here to remind you about the due date that is going to expire in another few hours. Every organization or individual is required to file income taxes through various forms and pay their dues and this applies to Exempt organizations as well. We would assume, they don’t pay taxes, but that is not the case. They do pay, but minimal they have to submit their original documents while filing taxes through  Form 990, Form 990 BL, Form 990 EZ, Form 990 PF, Form 990 T (corporation) 6 months extension, Form 990-T (trust other than above), Form 4720, Form 6069, Form 8870. Continue reading

Form 8868- Extension Of Time To File An Exempt Organization Return

Serving the nation is noble job; the nobility is showcased through paying taxes. Every individual staying in America is suppose to file their taxes by the due date. And if they are not ready with their paper work, IRS provides them with extension of time to prepare their documents. However, we always assume that government and exempt organizations are free from taxes as they belong to the Government and they really have nothing to do with taxes. Continue reading