Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Question of the day:
How long does it take to hear back from the IRS on approval for a personal tax extension?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Question:
What could cause a tax extension to get rejected by the IRS?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Today’s question:
Can I e-file a tax extension for free?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Today’s question:
I can’t pay my taxes on time, so I am filing a tax extension. Does the IRS offer payment plans for unpaid taxes due?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Today’s question:
I filed for a federal tax extension but cannot pay any of my tax liability – what happens now?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Today’s question:
I had to make a payment for federal taxes with my tax extension. What do I need to do for my state?
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. Today I’m starting a Tax Extension FAQ series to go over some of the more common questions and their answers.
Today’s question: Do I have to file a separate tax extension for business and personal needs?
The answer is Yes. The IRS generally requires different tax extension applications for both personal extensions (Form 4868) and business extensions (Form 7004).
There is an exception. Single member LLC businesses – if you own a single member LLC you can file a personal income tax extension which will extend both your personal and business tax deadline.
If you have any questions about tax extensions, please let me know in the comment section below. I’ll do my best to cover it in a future blog post.
