CHARLOTTE, NC / ACCESSWIRE / June 17, 2024 / Today is the deadline for various tax filings, including certain business, individual, and nonprofit returns. It's crucial for taxpayers to follow filing requirements to stay compliant with IRS regulations.
Luckily, individuals and entities needing more time to prepare their filings can request an extension from the IRS by submitting the appropriate form(s).
Forms that are Due Today and their Corresponding Extension Forms
Since the original June 15th deadline fell over the weekend, the deadline has been extended to the next business day, which is today (June 17, 2024). Today's deadline applies to the following tax returns:
- Business Tax Returns
The Business Tax Form 1120-F (U.S. Income Tax Return of a Foreign Corporation) is due today for specific filers who do not have an office or business location within the United States of America. If additional filing time is needed, they can request up to a 6-month extension by submitting Form 7004 (Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns).
- Individual Tax Returns
This deadline also applies to individual tax return filers if they meet the following two criteria:
- Form 1040-NR Filers - Includes individuals who are subject to U.S. income tax withholding and did not receive wages as an employee.
- Outside of the U.S. -This applies to individuals outside the country on the Form 1040 filing deadline (April 15, 2024) who received an automatic two-month extension.
Filers who require additional time to file these forms can extend their deadline by submitting Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return).
- Nonprofit Tax Returns
For nonprofits with a fiscal tax year that ended on January 15, 2024, today is the deadline if they are required to file one of the following forms,
- Form 990-N (E-postcard)
- Form 990-EZ (Short Form Return of Organization Exempt from Income Tax)
- Form 990 (Return of Organization Exempt from Income Tax)
- Form 990-PF (Return of Private Foundation)
- Form 990-T (Exempt Organization Business Income Tax Return)
They can acquire a 6-month extension by filing Form 8868 (Application for Extension of Time to File an Exempt Organization Return) if they require additional time to prepare their filings.
ExpressExtension - A Streamlined Solution to Extend Tax Deadlines!
ExpressExtension, an IRS-authorized e-file provider, offers a user-friendly platform with comprehensive features designed to simplify the preparation and submission of tax extension forms. Both seasoned tax professionals and first-time filers can submit their extension forms in just a few simple steps using ExpressExtension.
Here are the key advantages clients can experience using ExpressExtension:
- Express Guarantee: If the IRS rejects the 7004 or 4868 form filed as a duplicate return, ExpressExtension offers a complete return of the filing fee.
- Internal Audit Check: This platform incorporates an error check system that audits the completed returns for common IRS errors, ensuring accuracy before submission.
- Bulk Upload Option: Tax professionals managing multiple clients can utilize the bulk e-filing feature to eliminate manual data entry.
- Free Retransmission of Rejected Returns: Clients can resubmit any rejected extension forms with the IRS at no additional charge.
- Dedicated Customer Support: ExpressExtension provides reliable customer support via live chat, phone, or email to assist clients throughout the filing process.
In addition to bulk upload options, ExpressExtension offers volume-based pricing to help tax professionals save when filing for multiple clients. Choosing ExpressExtension eliminates manual filing, increases savings, and enhances filing efficiency for tax professionals.
When asked about the upcoming deadline, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of ExpressExtension), responded by stating "ExpressExtension simplifies tax extension filing with a user-friendly platform and comprehensive features. Our user-friendly UI and built-in error checks help tax professionals and taxpayers save time and money while increasing efficiency."
About ExpressExtension
ExpressExtension is the one-stop solution for IRS Tax Extensions. As an IRS-authorized, SOC 2 Certified e-file provider, ExpressExtension has been helping businesses, individuals, and non-profit organizations obtain IRS extensions for over a decade. Supported forms include Form 7004, 4868, 8868, and 8809.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For all media inquiries, please contact Stephanie Glanville, Content Writer, at stephanie@spanenterprises.com.
SOURCE: ExpressExtension
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