TaxExtension - PowerPoint PPT Presentation

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TaxExtension

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File form 4868 and get up to 6 month of extension for your personal tax return. Request an extension on or before May 17, 2021 – PowerPoint PPT presentation

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Title: TaxExtension


1



2020 IRS Form 4868 - Application For Automatic
Extension Of Individual Income Tax Return
  • Personal Tax Extension Form 1040 is due by April
    15, 2021.

2
What is Form 4868 Extension?
  • IRS Form 4868 is an extension form for extending
    the time to file your personal income tax return.
    It can be sent to the IRS (Internal Revenue
    Service) and if your informations are error-free,
    you will get an additional 6 months of time to
    file your individual income tax return.

803-514-5155
support_at_expressextension.com
3
Who Should File Form 4868?
  • Tax Extension Form 4868 is for individual
    taxpayers. It is not applicable for corporations
    or other business entities.
  • Federal Income Tax Return Filers
  • 1099 Independent Contractors
  • Sole Proprietorships (Schedule C)
  • Single-Member LLCs

803-514-5155
support_at_expressextension.com
4
When is the Deadline to file Form 4868
  • The Treasury Department and Internal Revenue
    Service have currently announced that the federal
    income tax filing due date for individuals will
    be automatically extended from April 15, 2021, to
    May 15, 2021.
  • If the due date falls on Saturday, Sunday or any
    legal holidays, then the due date will be the
    next business day (May 17, 2021).

803-514-5155
support_at_expressextension.com
5
How to File Form 4868?
  • Follow the below steps to complete your 4868
    extension online
  • Step 1 Choose the extension type (Either
    individual or joint filing) you would like to
    file.
  • Step 2 Enter your personal details such as Name,
    Address, SSN
  • Step 3 Enter your tax payment details if you owe
    any taxes
  • Step 4 Review your Form
  • Step 5 Transmit your Form 4868 to the IRS.

803-514-5155
support_at_expressextension.com
6
Is there any extension available for Payment?
  • No, Filing Form 4868 extension will not extend
    the time to pay your taxes. It is only extend the
    time to file your income tax return with the IRS.
    You have to pay your tax dues on or before the
    actual due date to avoid penalties. According to
    the current revision, the Deadline to file
    Personal tax extension is May 17, 2021.
  • The late payment penalty wont be charged if you
    can show reasonable cause for not paying on time.
    Attach a statement to your return fully
    explaining the reason. Dont attach the statement
    to Form 4868.

803-514-5155
support_at_expressextension.com
7
How Do I Submit Form 4868?




































  • Paper Filing
  • You can paper file Extension Form 4868 by hand
    and wait for days for your form to reach the IRS
    by mail and that's if your Form doesn't get lost
    with your postal carrier.
  • When your form reaches the IRS you won't be
    notified when it gets approved.
  • Even though this process makes it harder for
    sending your information, you won't know the
    status of your form.
  • E-filing
  • Another option is to e-file 4868. By choosing an
    IRS authorized e-file provider like 4868.co,
    where you can quickly and easily fill out your
    Extension Form 4868 and then transmit it directly
    to the IRS.
  • Then you'll receive a notification via email when
    your extension has been approved.

803-514-5155
support_at_expressextension.com
8
Why Do You Need 7004.co?
  • IRS Authorized
  • No Explanation requires
  • Make your tax payment easily
  • Instant IRS Approval
  • Free Re-transmission for rejected return
  • File from any device
  • U.S Based Customer Support

803-514-5155
support_at_expressextension.com
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