Before we even realize it, the tax season is here. And all the taxpayers need to stay alert on their respective due dates to file their tax returns and pay the tax dues to the IRS within the deadline to avoid any last-minute mishaps. The IRS will charge late fees, penalties, and interests if you miss the deadline based on your total tax due amount. The interest will be 0.5% to 1% based on your category, and it can go up to 25% per month of the total tax amount. Even 25% interest is unnecessary because you have the option to file a tax extension with the IRS to save you from all these penalties and interests. But IRS doesn’t grant tax extension time to pay your tax due amount. You have to pay at least 90% percent of your total tax amount by the actual deadline. IRS only gives a six-month tax extension time to submit your entire tax reports for the year along with the supporting documents.
Extensiontax.com provides the best e-filing service for tax extension applications Form 7004, Form 4868, Form 8868, and Form 2350. We are an IRS authorized e-file service provider known for e-filing IRS tax extension forms for business and individual taxes. You can e-file all the above-mentioned tax extension forms to the IRS only at $14.99 per form in extensiontax.com.
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” said IRS Commissioner Chuck Rettig. “Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.”
Quarterly Federal Excise Tax Form 720 for the 4th Quarter of 2020 was due this February 1 and if you have missed it file and pay the taxes at the earliest to make it less taxing. You can still report the taxes and pay the dues electronically at TaxExcise.com to lower your tax late filing charges, penalties and interests.
The tax filing deadline has come and gone. If you didn’t file a tax return and pay the taxes you owe to the IRS on your FET should have, you need to take action now. Filing soon is very important because the late-filing penalty and late-payment penalty on unpaid taxes adds up quickly.
The IRS is processing tax returns, issuing refunds and accepting payments. Taxpayers who mail or who have already mailed a tax return will experience a longer wait. IRS encourages all taxpayers to make use of the electronic filing, it is fast, easy and safe. TaxExcise.com is the only website that offers secured and simple electronic filing services for all the Federal Excise Tax Returns at one place. TaxExcise.com is the most experienced and most trusted electronic filing service since 2007.
The Internal Revenue Service announced that the nation’s tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. If you’re not ready with your Federal Income taxes for individual and business taxes, to get extra time to prepare on your tax return file for extension of time.
Federal Tax Extension Application Online
When the coronavirus pandemic hit in full force in March 2020, it upended normal life in a very meaningful way. Businesses were forced to shut down. Schools closed for in-person learning all over the country. And countless families were left scrambling to pay their bills.
Given that chaos, the IRS made what many agree was a smart and reasonable decision — to postpone 2020’s tax-filing deadline from April 15 to July 15. Not only were taxpayers given an extra three months to submit their returns, but they also got three more months to pay any tax debt they owed without incurring interest or penalties.
Unfortunately, tax filers won’t get any extra time this year to tackle their tax returns. The IRS has confirmed this week that it will not, in fact, be pushing back the April 15 deadline this year. If you haven’t begun to give your taxes some thought, now’s the time to get moving.
Start working with your Extension Tax Application to push your due date from April 15 to October 15 automatically by filing the extension tax forms with the IRS on time
ThinkTrade 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.
That time of the year where every one of us has a tax deadline to complete reporting the tax returns. No matter if it is a Personal Tax reporting or Business Tax reporting April 15 is the deadline. Filing an extension will allow you to push your deadline back six months from April 15 to October 15, 2019. It’s important to keep in mind an extension only pushes back the due date for the filing of your tax documents. It does not give you extra time to pay on any taxes you may owe.