5 Good Reasons to Filing Tax Extension.

With not much time remaining until the April 17 IRS income tax deadline, many Americans are scrambling to finalize their income tax returns. This year, a growing percentage of taxpayers will choose to file an IRS income tax extension, which will postpone their tax deadline to October 17.

If you're considering filing tax extension, you're not alone. The IRS recently estimated that 10.2 million of the 140 million tax filers will file for a tax extension this year. What's more, approximately 2 million of those extensions will be electronically filed online.

File Later tax extension service - a popular website where taxpayers can file their income tax extension - compiled the following list of reasons why taxpayers should consider joining the growing trend of taxpayers filing tax extension rather than stress about getting their returns completed by April 15.

Although the IRS doesn't care (or ask) why millions of taxpaying Americans file for extensions every year, you may find these valuable:

1. Accountants and tax professionals are much busier in April than they are in October: Getting the proper amount of time with an accountant gets harder and harder the longer you wait leading up to April 17. Extending your income tax deadline to October 17 will give your accountant or tax pro that extra time to focus on your tax return, which may mean extra tax savings in your pocket.

2. Filing an income tax extension may reduce your chance of audit: IRS auditors have quotas they need to meet every year on the number of returns audited. Returns are sorted for auditors by filing date, and most auditors will have met their quotas before they get to extended returns.

3. Getting paperwork together to complete your taxes isn't easy: Organizing that shoebox of W2s, 1099s, mortgage interest statements, and receipts can take longer than you expect. Giving yourself the extra time needed will ensure you're taxes are done right, and extending will give you extra time to track down any additional deductions so you're getting the biggest tax return possible.

4. For business owners, funding retirement plans such as Simplified Employee Pensions (SEPs) or SIMPLE IRA's can be expensive: Filing income tax extension will also extend your deadline to fund these types of retirement plans.

5. It's easy: Your income tax extension can be filed in less than 10 minutes using an online provider like File Later. The process is completely paper-free, and your extension will be e-filed, meaning you'll get an email confirming the IRS has approved your extension, and you'll have 6 more months to finalize your tax return.

And remember, even though you may be interested in the reasons to extend your income tax return, the IRS doesn't care or ask. As long as your application is filed correctly, your extension will be granted by the IRS and your new tax deadline will be October 17.

Source: Articles Base

Want to Get Personal Tax Extension Online? Efile Form 4868.

You know that not all are capable of filing their taxes before the deadline due to some reasons. And therefore, filing extension form is crucial to get additional time to complete tax return. If you want to file tax extension form, you should learn about it and how you can benefit from filing tax extension.

If you want to learn more about the tax extension issue, you may visit the IRS official website or some important sites. Please note that tax extension form may differ depending on your tax situations. For instance, for business tax extension, you will require filing Form 7004. Similarly, for personal tax extension, Form 4868 is used. You need to file the proper form to get extra time to complete your return.

For making your task faster, you should avail online facilities. If you choose to Efile Form 4868, you will get an automatic extension for 6 months. And you do not have to mention the reason for filing extension form. So, you can electronically send this form to the IRS on or before April 15 to get the extra six month extension.

You get six month extension for filing your return. Please note that you are not getting extension for paying your taxes. So, do not get confused here and make this point clear. You can go through our site if you want to learn more about how to Efile 4868 form easy and hassle-free way. This site can be a fine source for online IRS tax extensions for those who require some more time to complete their taxes.

E-file form 4868 to Get Personal Tax Extension Easily.

There are many who can’t manage to complete their personal tax return by April 15. If you are one of such tax payers, then what will you do when you are left with tax return undone before the deadline? The simple answer is to file tax extension for to get extra time to complete your task to avoid getting penalties. Choose the right tax extension form suitable to your personal return and do it earliest way possible to get some additional time so that you can complete your return meanwhile.

So, the basic thing is to get to know about extension forms and how to file at your convenience. If you are looking to have easy way for personal tax extension, you may consider filing the form 4868. If you are not much familiarized with this form or the way it should be done, it would be better to drop by the IRS official site at irs.gov to learn more. However, as you explore the internet, you will come to see many IRS authorized sites like 4868extension.com providing affordable services in this respect.

For personal return, form 4868 will be a fine option in many ways. More remarkably, you can easily file this tax extension form and grant an automatic six month extension. No hurries and no worries if you prefer this form and do it accurately. You do not have to present a proper reason because of which you are filing extension. What you require to do is to send this 4868 tax extension form to the IRS well before April 15 if you are willing to get extra 6 months period.

There is one thing which you need to take into consideration while you file for extension is that the six month you are granted is not an extension to pay your taxes. When you efile form 4868, you get additional time span just to file your tax return. So, you are not supposed to misunderstand the issue and be misguided. Things need to be pretty clear in your mind before you start doing your task online.

You know that many individuals as well as small business tax filers cannot keep the tune to meet tax deadline. But there is nothing to worry because you can get additional time to complete your return by filing 4868 tax extension online. So, you need to file your extension form right way online so that you would automatically be granted the 6 months time to finish your task.

File Income Tax Extension Online to IRS.

Filing Income Tax Return is not complicated; mainly people miss the deadline of tax filing. You do not have to worry about getting penalized for late tax filing. Now you can file Income Tax Extension form online to IRS and extend the deadline of tax return from April 18th to October 18th. It is pretty easy procedure and you can avoid the rush of April 18. Please note that you are getting tax extension for filing your return, you are not getting extra time for paying your due.

When you file your tax return extension, you will have a great time for preparing and filing your tax return. You do not automatically have to consult a tax professional. You can have sufficient time to gather required information and documents that may be useful while you do filing task online. But you can’t give to waste your time thinking that you are getting six month your extra time. You need to start doing your task right away as soon as you send your online tax extension, otherwise, once you miss the chance then you will have tough time for requesting the other 6 month extension.

You will need to file IRS Income Tax Extension form 4868 for getting extension period. Suppose, even if you owe taxes and cannot pay, please note that the failure to pay penalty is only.5% per month, whereas the failure to file penalty is around 5% of the amount owed per month. If you decide to file income tax extension, you will get around that unfilled penalty until October 18th.

If you wish to get tax extension deadline or would like to extend your filing deadline, you need to send your documents online by April 18th. You can have small interest charges on your tax amount and for that, do your best estimate of taxes you owed. One of the best things is to pay online which is easier, faster and safe.