FileLater.com blogs

What to Do After You've Filed an Income Tax Extension

dan@intersearch.tax — Mon, 06 Aug 2018 16:36:19 +0000

Now that you’ve gotten extra months to file your taxes by doing an online tax extension with FileLater you might be curious what happens next. With the extra time our team has addressed some of the most common tax extension questions.

How do I know the IRS received my tax extension and that it was approved?

If you filed your tax extension online with FileLater you can expect to receive a confirmation email from FileLater within 24 hours of filing the extension. Know that you can also always review the status of your extension by logging into your FileLater account.

Know that FileLater will let you know when your tax extension has been submitted and accepted. In some cases the IRS will reject a tax extension if some of the information is not correct. FileLater will also notify you if this happens and help you make the changes to your tax extension for resubmittal.

It’s also important to know that extensions only extend the amount of time you have to file your taxes. They do not push back the deadline required to pay any taxes owed. If you think you will owe taxes you are still required to send an estimated payment to the IRS by the regular tax deadline along with an extension. You’ll want to do this to avoid paying any penalties or interest later.

What can I do if I filed an extension but didn’t send an estimated payment?

If you were not ready to file your taxes and went with an extension it is important to know you are required to send your estimated tax payment to the IRS as soon as possible. Failing to do so could lead to paying penalties and interest. To get help estimating your taxes, use IRS.com.

Can I e-file my tax return to the IRS after the filing date in April?

Yes. You can complete and efile your tax return, often for FREE depending on your tax situation at 1040.com.

Tax Extensions for Military and Support Personnel Serving in a Combat Zone

dan@intersearch.tax — Mon, 06 Aug 2018 16:23:04 +0000

Taxpayers who are serving in a combat zone or in a contingency operation in support of the Armed Forces are entitled to automatically extend their tax filing AND tax payment deadlines. When taxpayers are serving in a qualified combat zone, the deadline for filing and payment is increased by 180 days from the last day they are in a qualified combat zone OR the last day of continuous hospitalization related to injury from military service. In addition to this 180 day extension, those qualified service members can also extend their deadline for up to three and a half additional months depending on when they entered the combat zone. This three and a half months represents the time normally alloted for filing taxes (January 1 - April 15). For example, if a service member was in the combat zone on January 1st, they will have an additional 9 1/2 months to file and pay their taxes after they leave the combat zone. If the service member entered the combat zone on February 1st, they would have an additional 8 1/2 months to file and pay and so on.

Information on the U.S. combat zones that are currently recognized can be found on the IRS website. There is no requirement to file a tax extension with the IRS for personnel in combat zones and it is also important to note that this is a rare exception where the IRS grants an extension to file your tax return AND to pay any taxes you may have due. In addition, military personnel can always eFile their tax extension with FileLater.com for FREE as long as they use their .mil email address when they register.

E-file An IRS Income Tax Extension Online

dan@intersearch.tax — Fri, 03 Aug 2018 16:41:43 +0000

Too busy to get your taxes done on time? It only take 5 minutes to get yourself and an extra 6 months to file your tax return? Join the more than 15 million businesses and individuals who file a tax extension each year. Here at FileLater.com in just 5 minutes you can extend your tax deadline from April 15th to October 15th. Simply enter in your basic information and we submit your tax extension directly to the IRS. You will also get email confirmation that the IRS has received and confirmed your tax extension. If for any reason it gets rejected, we will notify you so you can make the necessary changes to resubmit. It's really that easy and you don't need to provide the IRS with a reason. FileLater is is the leader in online tax extensions, and an authorized IRS e-file provider as well as a Better Business Bureau accredited business.

Who Is Eligible For A Tax Extension? Everyone!

hdvo@remarkmedia.com — Mon, 09 Nov 2015 17:57:08 +0000

Don’t have enough time to get your taxes filed by the end of the tax season? Maybe you’re also waiting for certain tax information and details as well? Have no fear, you are eligible for a tax extension that will give you extra months to file your taxes.

You read that correctly. Getting a tax extension online will give you the extra time you need to get all your paperwork and tax materials to file with the IRS. Tax extensions can be done online at FileLater.com. For a personal tax extension simply fill out form 4868, and for a business tax extension fill out form 7004.

The best part about doing a tax extension is that you don’t need to provide any special information to the IRS. The IRS grants income tax extensions to individuals and businesses that properly fill out the extension forms and submit on time. You can get a six month personal extension or a five or six month business extension.

One of the best parts about using FileLater.com is that you get an answer from the IRS letting you know that your extension has been accepted. We also let you know if your extension gets rejected and help you fix the problems and resubmit so you get accepted. There is no IRS penalty for re-submitting a tax extension.

So who is eligible for a tax extension? Anyone that needs some extra time to file his or her taxes.

Why A Tax Extension Makes Sense

hdvo@remarkmedia.com — Mon, 05 Oct 2015 16:41:27 +0000

Nobody enjoys doing his or her taxes. Most Americans live a busy lifestyle that is made more chaotic, stressful, and confusing come tax season. Finding enough time to sit down for multiple hours and sift through all the forms, receipts, and tax changes for that year isn’t fun for anyone. Many people don’t know they are eligible to get a tax extension that grants them six extra months to file their taxes.

Besides being eligible for the extended time to file, one of the greatest benefits in getting a tax extension is that you don’t need to provide the IRS with any explanation. Using FileLater everyone is eligible and there is virtually no restrictions when it comes to personal extensions. The IRS realizes that some people simply cannot make the date and tax form 4868 for personal extensions and tax form 7004 for business extensions can quickly and easily be filled out and electronically submitted to the IRS through our website.

Ensure you get the largest tax refund by using the extra filing time to find every tax credit and tax deduction you are eligible for. The tax laws change every year and there will obviously be many changes for 2018. Make sure you take advantage of every opportunity to get the most money back.

Many Americans just run into complications come tax time. Sometimes it’s lost or misplaced W-2 or 1099 forms, or maybe you never even received them. Sometimes there is a family emergency or planned travel for work or vacationing. Others may need time to gather all of their receipts for the year. No matter the reason FileLater makes it easy to obtain a tax extension. Do yourself a favor and find peace of mind with a six-month tax extension.

If you need more time to file your tax return, you can request a tax extension online.

Information About Taxpayer ID Numbers

hdvo@remarkmedia.com — Wed, 30 Sep 2015 21:33:37 +0000

The IRS uses Taxpayer Identification Numbers (TINs) in the administration of U.S. tax laws. All TINs are issued by the IRS except for Social Security Numbers (SSNs), which are issued by the Social Security Administration (SSA) instead. You must provide your TIN on all tax returns, schedules, statements, and other tax-related documents.

There are 3 main types of TINs explained in this article:

• Social Security Number (SSN)
• Individual Taxpayer Identification Number (ITIN)
• Employer Identification Number (EIN)

Social Security Number (SSN)

Your SSN is a unique 9-digit number that links you to the Social Security system. You are required to enter your SSN on your income tax return. If you are claiming a personal exemption for your spouse or dependent, you must provide their SSN on your tax return as well. If your spouse or dependent is not eligible for an SSN, you should enter their ITIN instead (see below).

Married couples should include both spouses SSNs on their tax return, whether they file jointly or separately. (If filing jointly, make sure the SSNs are listed in the same order as the names.) If you changed your name due to marriage/divorce, you should report the change to the Social Security Administration (SSA) before filing your tax return to avoid IRS processing delays.

To obtain an SSN for yourself or your dependent, file Form SS-5 (Application for a Social Security Card) with your local SSA office. It typically takes around 2 weeks to get an SSN.

Individual Taxpayer Identification Number (ITIN)

If you are a nonresident or resident alien and you are not eligible for an SSN, you can obtain an ITIN from the IRS. ITINs are available for certain nonresident and resident aliens, their spouses, and their dependents.

To obtain an ITIN, file Form W-7 (Application for IRS Individual Taxpayer Identification Number) with the IRS. It typically takes around 6-10 weeks to get an ITIN.

You should enter the appropriate ITIN wherever an SSN is requested on your tax return. If you are requesting an ITIN in order to file your tax return, attach Form W-7 to your completed tax return. See the Form W-7 Instructions for more information.

Employer Identification Number (EIN)

An EIN (also referred to as a “federal tax identification number”) is a 9-digit number used by the IRS to identify a particular business entity. EINs are available for corporations, partnerships, sole proprietorships, trusts, estates, and other legal entities.

You can review more information on how to get an EIN Number at LLC Formations or you can fax or mail a paper Form SS-4 (Application for Employer Identification Number) [ https://www.irs.gov/pub/irs-pdf/fss4.pdf ] to the IRS.

You should only have one EIN per business entity. Make sure to provide your EIN on every tax form and document that you send to the IRS or SSA. Do not use your SSN as a substitute for an EIN. If you have not been issued an EIN by the time your tax return is due, write “Applied For” and the date you applied wherever an EIN is requested.

For more information, see “IRS Requirements & How to Apply for an EIN.”

If you need more time to file your tax return, you can request a tax extension online.