What is tax Extension? A tax extension is an extension of filing tax returns for individuals, Businesses, Partnerships, and certain Trusts. It is an extension of time to file Income Tax Returns and not the payment of Tax.IRS allows you to file the tax returns with in the period of Extension which is filed using IRS Form 4868, 7004, 8868. ExpressExtension.com is one stop solution for any tax related queries and filing your tax extension at low prices. What is the purpose of Form 4868? According to the IRS, you, " Use Form 4868 to apply for 6 more months (if “out of the country” and a U.S. citizen or resident) to file Form 1040, 1040A, 1040EZ, 1040NR, or 1040NR-EZ." What is the purpose of Form 7004? According to the IRS, " Use Form 7004 to request an automatic extension of time to file certain business income tax, information, and other returns. The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file the form by the due date of the return to which the Form 7004 applies, and pay any tax that is due." What is the purpose of Form 8868? According to the IRS, "Form 8868 is used by an exempt organization to request an automatic 3- month extension of time (6 months for a corporation required to file Form 990-T) to file its return and also to apply for an additional (not automatic) 3-month extension if the original 3- month extension was not enough time."
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