Wednesday, May 10, 2017

Head's Up: There's Another IRS Deadline Soon!

Have you ever volunteered for a nonprofit or charity? Chances are, it was a 501(c)(3) organization recognized as tax-exempt by the IRS. But did you know that even tax-exempt organizations have to report to the IRS every year?

Well, head’s up: they do and their main deadline is coming up!

In order to confirm that they’re still operating within the regulations for tax-exempt organizations with the IRS each year, these groups must file one of the forms in the 990 Form Series. And their deadline to have their 990 Form filed is the 15th day of the fifth month after their tax year end date. So, for organizations that follow a calendar year tax year - which runs from January 1 to December 31 - that deadline is May 15!

Curious to know more about the 990 Forms? Well, we’ll tell ya! First, there’s the one that started it all: the 990 Form, also known as the 990 Long Form. This one’s filed by organizations that receive $200,000 or more in gross receipts for the year or those with more than $500,000 in total assets. A lot of information is needed for the 990 Long Form to confirm such large amounts of money are being used for the organization’s tax-exempt purpose.

Slightly less in-depth is the 990-EZ Form, which is filed by organizations that receive between $50,000 and $200,000 in gross receipts annually. Not as much information is needed to complete Form 990-EZ, but filers should still be prepared to provide thorough data on their contributions, expenses, assets, etc. to complete the form.

For those tax-exempt organizations that make fewer than $50,000 in gross receipts annually - which is the majority of them - there’s the Form 990-N, also known as the e-Postcard. It gets this name because it’s an online-only form that must be e-filed either with the IRS directly or through a third-party, IRS-authorized e-file provider (psst…like ExpressTaxExempt!). With the 990-N, all filers need to do is provide their organizations basic identifying information (name, EIN, address, contact), confirm that they made less than $50,000 and are still operational, and submit the return.

Now, based on how they’re set up and receive donations, some tax-exempt organizations fall under the category Private Foundation. These organizations, regardless of their total gross receipts, must file Form 990-PF.

And now for the best part: all of these forms are available to e-file more easily than ever with our sister product, ExpressTaxExempt! They even have the extension form for the 990 Series, Form 8868, so users can get an automatic 6 extra months to file if they need it. So why not pop on over to their website and check ‘em out? Or, if you want, give us a call and we’ll put you right in touch with them to answer any questions you may have!

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Wednesday, April 26, 2017

Your First Quarter Taxes Are Due Soon!

Ahoy there, ExpressIRSForms readers!

You may have noticed we’ve been a little scarce lately…that’s because we’ve consolidated some things around the office and are now officially back full-time as ExpressTaxFilings! Those of you who’ve been with us for a while may remember when we made the switch from ExpressTaxFilings to ExpressIRSForms about a year and a half ago. Well, in order to streamline our e-filing services (and so as not to get e-filers confused with the actual IRS’s e-filing system), we’ve reworked ExpressTaxFilings to be better than ever!

Don’t worry: you can still visit us here and even log into your account from ExpressIRSForms.com, but for official purposes, everything will operate under the name ExpressTaxFilings from now on. Of course, we’ll be popping back over here every now and again to bring you the e-filing information you need to stay compliant with the IRS! Liiike…

Form 941 - to report your 2017 first quarter taxes - is due soon!

And it’s in just under a week, to be exact: the deadline is May 1, 2017.

If this isn’t your first 941 rodeo, you’re probably aware of the rule that the 941 deadline for each quarter is the last day of the month after the quarter ends. Technically, this means Form 941 for the first quarter should be due April 30, but since that day falls on a Sunday this year, the IRS gives you until Monday (May 1) to get everything filed.

Even with all our changes, you can still e-file Form 941 with your ExpressIRSForms (turned ExpressTaxFilings) account! And everything’s just a fast and simple as ever. Of course, if you have any questions, don’t hesitate to give us a call; we’re still here at (704) 684-4751 and via live chat and email at support@ExpressTaxFilings.com!



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Tuesday, April 18, 2017

Not Ready to File Your 1040? Get an Extension!

Okay, everyone, today’s the day! It’s Tax Day 2017, the deadline to have your 2016 personal tax return filed with the IRS.

Unless…

If you’re not ready to file, you still have options. Well, one option. Hmm, unless you decide to go rogue and not do anything. Okay, well, you have one legal option that doesn’t end in you owing lots of money in fines to the IRS. And that option is: Form 4868!

Form 4868, a.k.a. the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return is just that: an application you can use to get an automatic six extra months to file your individual or joint tax return. It’s very easy to fill out; all you have to do is provide your basic taxpayer information (name, address, SSN) and an estimate of the taxes you owe or will receive as a refund. That’s it - you don’t even need to have a reason for why you need more time to file.

Keep in mind that if you’re filing a joint personal tax return, you can still use Form 4868, but you will need your spouse’s taxpayer information (name and SSN as it appears with the IRS) as well. You’ll also want to keep in mind that Form 4868 only extends the amount of time you have to file your tax return forms; it doesn’t extend the deadline to pay any taxes you may owe.

Now, Form 4868 is also due today, but as you can gather from the information needed, it won’t take nearly as long as completing your 1040 Form. In fact, if you e-file it with our sister product, ExpressExtension, you’ll be done in just a few minutes and receive email confirmation of your extension from the IRS within 15 minutes to an hour!

So what are you waiting for? Stop rushing through that 1040 and take a break to go file your 4868 application form. Then, you’ll be able to come back to your tax return anytime between now and October and finish it when you can give it the attention it deserves. Because goodness knows the IRS isn’t crazy about incorrectly completed or filed returns.

If you have any questions about getting started with ExpressExtension, give us a call and we’ll connect you with one of the friendly EE team members, or contact them directly at (803) 514-5155.

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Tuesday, April 4, 2017

Introducing Form 941 E-filing!

Move over Forms 1099-B and 1099-S, there’s a new form in town, and its name is...Form 941!

That’s right: the Employer’s Quarterly Federal Tax Return is now available to be e-filed through ExpressIRSForms, your favorite business-oriented, IRS-authorized e-filer! And just in time for the first quarter deadline at the end of this month!

And just a brief refresher for those of you still in 1099 or ACA mode: Form 941 is the document used to report income taxes, social security tax, and/or Medicare tax withheld from employee paychecks. It’s also the form you use to pay your employer portion of social security or Medicare tax. And when you e-file with ExpressIRSForms, you can transmit your forms and pay your taxes securely all in one place!

When you e-file Form 941 with ExpressIRSForms, you get access to all of the built-in features you love that make e-filing as simple and secure as possible. Just sign in, start a new 941 Form, then follow the step-by-step instructions to complete all the required fields with the correct information. Before you transmit, you’ll be given the option to pay your taxes now or pay them by check or EFT (Electronic Funds Transfer) later.

And, as always, your form goes through a series of built-in error checks to ensure it’s sent off as accurate as possible, nearly eliminating your chance for a form rejection.

Also, as always, when you e-file with ExpressIRSForms, you get complimentary access to our top-of-the-line, US-based customer service support team. They’re available by phone (704-684-4751), live chat (through the site), and email (support@ExpressIRSForms.com) and are always ready to take your questions, in English or Spanish!


Get started with ExpressIRSForms today to see how easy filing your quarterly taxes can be!



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Tuesday, March 28, 2017

Your Business's IRS Forms Are Due This Week!

It’s getting down to the nitty-gritty for IRS return filing for business owners!

Not only are your 1099 Forms due by this Friday (well, except for the 1099-MISCs reporting nonemployee compensation that were due January 31), your Affordable Care Act Forms 1094 and 1095 are due as well! And this is the e-filing deadline so, if for some reason, you were thinking of sending in paper forms: don’t. They’ll be counted as late, you’ll incur a late-filing penalty, and you’ll be making the whole ordeal a lot more difficult for yourself - especially since e-filing is the easier, more secure option for filing anyway.

You may remember last year and years before when W-2 Forms were due March 31 as well. Unfortunately - and we tried to warn you! - the IRS changed the W-2 deadline for 2016 tax year forms to January 31, 2017. If you missed the memo, try to get these forms in as soon as possible, but remember there’s a chance you’ll receive IRS penalties anyway.

At any rate, this year for the 2016 tax year, Forms 1099 and ACA Forms 1094 and 1095 are due this Friday, March 31, 2017.

Of course, ExpressIRSForms is here to help you get those forms e-filed correctly and securely on time, but if you’re still a little hesitant, we’ve also got another card to play: Form 8809. Form 8809 is the extension form for information returns like Forms 1099 and 1094/1095 and when you apply, you get an automatic 30-day extension to get your forms to the IRS. Don’t even have to have an excuse or anything! You can e-file Form 8809 and get your extension confirmation email all in just a few hours - and for only $3.55 - with ExpressIRSForms!

You can even go ahead and e-file a Form 8809 and if you still get your other forms in on time, you’re golden! The IRS doesn’t care if you apply for an extension and don’t use it, but they do very much care if you don’t apply for an extension and end up being late.

So, to get started, just log into your ExpressIRSForms account, click the big, orange Start New Form button, and get going on your 8809, 1099, and/or ACA Forms! And if you have any questions, don’t hesitate to reach out to our support team: we’re available Monday through Friday, 9:00 a.m. to 6:00 p.m. EST by phone (704-684-4751) and live chat. And we also provide 24/7 assistance at support@ExpressIRSForms.com!

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Monday, March 20, 2017

You Still Have Until TODAY to File Form 7004!


Have you filed a Form 7004 to extend the amount of time you have to file your business tax return forms yet?

Well, what are you waiting for - the new deadline’s today!

The deadline for Form 7004, which is normally March 15 - the same day your business taxes are due* - was extended last week by the IRS due to Winter Storm Stella.

Since Stella blew through and caused quite a few delays for quite a few people, the IRS decided to extend the March 15, 2017, deadline for the 2016 tax year to March 20, 2017. Which is today! Now, your new, extended deadline date for when your return is due will remain the same, which will be either August 31, September 15, or October 15, 2017, depending on your business and the fiscal year it follows.

If you need somewhere to file Form 7004 really quickly, look no further than our sister product, ExpressExtension. With our simplified interview-style format, completing and e-filing your Form 7004 can be done in less than 10 minutes, and could get you up to seven extra months to file your forms. We’ll even send you an email confirmation when the IRS approves your extension request, something they don’t provide when you paper file.




The same friendly, expert customer support you’re used to with ExpressIRSForms is available to all our ExpressExtension users as well so if you have any questions about Form 7004 or how to e-file, don’t hesitate to give us a call!





*Remember: Form 7004 does not give you more time to pay any taxes due by March 15 for your business's 2016 tax year. If you still owe any taxes, you'll need to remit them to the IRS as soon as possible.
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Tuesday, March 14, 2017

File Form 7004 TOMORROW to Extend Your Business Tax Return Deadline!

Hey! Do you need to file ANY of these forms with the IRS tomorrow:
  • Forms 706-GS(D), 706-GS(T),
  • Forms 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120S, 1120-SF,
  • Forms 1041, 1041-N, 1041-QFT, 1042,
  • Forms 1065, 1065-B, 1066,
  • Form 3520-A, or
  • Forms 8612, 8613, 8752, 8804, 8831, 8876, 8924, 8928
for your business?

Are you not exactly ready to file one (or more) of these forms by tomorrow?

If you answered yes and then no, it’s time to head on over to ExpressExtension to e-file your Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and other Returns. It only takes a few minutes and you’ll get anywhere from five and a half to seven extra months to file your return.

Important Note: Form 7004 does not extend the amount of time you have to pay any business taxes you owe to the IRS. Unfortunately, those are still due by their original deadline. BUT it does give you a few months to get everything in order so you can file a complete, correct return.

One of the easiest ways to apply for an extension with Form 7004 is with ExpressExtension. All you need is your business’s EIN, basic contact info, and the name of the form for which you’re extending the deadline. You don’t even need to include a reason why you need more time, so long as you have the information mentioned, you’ll automatically receive more time to file!

When you e-file with ExpressExtension, your form is double checked by the system to be sure it’s free of errors, and after you submit your form, you’ll get an email from us when it’s been approved. You should see this approval email within 24 hours of submitting your form.

And then voila! You’ve got 5½ - 7 more months to file! Easy as that.

If you have any questions once you’re over at ExpressExtension, we’d be happy to help in any way we can! Just give us a call (803-514-5155) or send us a live chat Monday through Friday, 9:00 a.m. to 6:00 p.m. EST or send us an email anytime at support@ExpressExtension.com!

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