Do You Need To File An Extension Request With The IRS?
Martha’s Income Tax can help you to apply from getting a 6-month IRS tax extension. We’ve happy to assist you to apply before the original filing deadline and get an extra time of tax preparation until October 15.
Here’s how to extend your IRS income tax filing deadline
First: Provide your information to “Martha’s Income TAX” to star your application. The IRS requires that you provide certain personal information in order to file a tax extension this includes your name, address, and Social Security Number (as well as your spouse’s, if applicable). W-2’s, 1099s, prior year tax returns, and all of those complicated tax forms are not required! All you need is to fill and send it to us by email you tax extension application form. Your data will be protected by our first-rate security technology and shared only with the IRS.
Second: Calculate Your Tax. When you request an extension, you must provide an estimate of your tax liability (if any) for that year. Remember, this is not an extension to pay, this is an extension of time to file your You must also report any estimated tax payments you made for the tax year.
Martha’s Income Tax will help you to make this process quick and easy. In fact, you don’t even have to worry about digging up past tax returns, W-2 forms, 1099 information returns, or other complex tax forms. Or, many customers simply assume a similar tax situation to last year. If you expect to owe and you want to make a tax payment to avoid potential IRS interest and late payment penalties, we can help you make that payment directly to the IRS via Electronic Funds Withdrawal (EFW) from your bank account.
Taxpayers can file extensions of time to file income tax returns electronically or by paper. When the extension is filed electronically, the IRS will post the extension to the appropriate taxpayer’s account under the relevant tax form and tax period. If the IRS rejects the electronic filing because of, for example, a mismatch of information, the taxpayer can resubmit or file by paper. When an extension is paper-filed (and proof of mailing is retained by the taxpayer or representative), it is input by IRS personnel to the taxpayer’s account.
Even when an extension is filed, any balance due must be paid by the original due date of the return to avoid a failure-to-pay penalty and interest. For corporate taxpayers, if at least 90% of the tax shown on the filed return is not paid with the filing of the extension by the original due date, the extension will not be approved, possibly causing a failure-to-file penalty to be assessed—in addition to the failure-to-pay penalty and interest.
For individual taxpayers, however, an extension may be approved regardless of payment of any balance due by the original due date (although reasonable efforts should be made to complete the amounts included on Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return). While a failure-to-pay penalty (at 0.5% of the tax shown or assessed on the return, per month (or portion of a month), with a 25% cap) will be imposed until the tax is paid, the higher failure-to-file penalty (at 5% of the tax required to be shown on the return after any earlier payments or credits, per month (or portion of a month), also with a 25% cap) will not be assessed as long as an extension is filed by the original due date and the return is filed by the extended due date. (During periods where both the failure-to-file and failure-to-pay penalty apply, the maximum for both penalties together is 5% per month, effectively reducing the failure-to-file penalty to 4.5% per month. Where both penalties apply to their maximum amounts, the total will reach a combined 47.5%.)
Individual taxpayers who are unable to pay by the original due date can file an extension, thus saving them the higher failure-to-file penalty, as long as they file by the extended due date.
DO YOU NEED HELP PREPARING YOUR TAXES, RESPONDING TO THE IRS OR CORRECTION AN OLD TAX RETURN?
For more than 20 years at the same location, Martha’s Income Tax have provided trusted and effective tax services to Las Vegas community, with experienced tax advisors who are friendly and understanding. Our tax advisors can provide you with a fast tax refund estimate and then work with you to pursue a maximum tax refund.