Business Tax Extension Form 8868 for Tax–Exempted Organizations are Due Soon!
Hello business taxpayers! The deadline to apply for business income tax extension form 8868 to get the extension time to report your taxes for the 2022 tax year is just 4 days away. The last date is May 15, 2023, and you must not miss this deadline to apply for an extension to get the automatic six-month extra time from the IRS.
Tax — exempted organizations must file their tax returns.
Certain organizations like charities, educational institutions, trusts, healthcare institutions and other similar organizations are not liable for tax payments to the state and federal governments. They have got a tax–exempt status from the IRS due to the services they provide for the people. These organizations need not pay any taxes but must file their income tax reports for the tax year within the deadline. Or they can apply for a tax extension using the appropriate extension form and submit the tax reports with all supporting documents. Suppose you are a business taxpayer for a tax — exempted organization. In that case, you must report your taxes using the original tax form or apply for an extension using form 8868 within the deadline to get the automatic extension period from the IRS. If you fail to apply for an extension and don’t report your taxes through the original form on time, the IRS charges penalties, late fees and more. Also, if you fail to report the business income taxes for your tax–exempted organizations for three consecutive years, your organization will lose the tax–exempt status from the government. Therefore, e-file form 8868 on TaxGarden.com and immediately get the automatic six-month extension.
Let us look into the list of original tax forms that are eligible to apply for a tax extension using Form 8868,
- Form 990 or Form 990-EZ
- Form 990-T (Corporation)
- Form 990-BL
- Form 1041-A
- Form 4720 (Individual)
- Form 990-T (trust other than Individual)
- Form 990-PF Form 5227
- Form 990-T (sec. 401(a) or 408(a) trust)
- Form 6069
- Form 990-T (trust other than above)
- Form 8870
Therefore, taxpayers using the above mention forms to report their business income taxes must use Form 8868 to apply for an extended period to the IRS.
E-file Form 8868 on TaxGarden.com now!
Taxgarden.com is an IRS-approved modern e-file service provider for business and personal income tax extension forms. You can easily apply for form 8868 online in the comfort of your home and enjoy the six-month automatic tax extension period. You can register for free at taxgarden.com using your PC or smartphone and start applying for your business tax extension form 8868 directly to the IRS. Taxgarden.com offers a simple, quick e-filing process with secure technology per IRS guidelines. You will have a secure form 8868 tax extension for your tax-exempt organizations. The IRS will not send any acceptance to you once they approve your form 8868 application, but you will get an email confirmation from us once your extension application is approved from the IRS side. You can e-file form 8868 tax extension only at $11.99 per application and enjoy the penalty-free tax extension time with Taxgarden.com. Contact our customer support executives at +1–855–615–1040 for assistance regarding form 8868 tax extension queries.
Originally published at https://blog.taxgarden.com on May 11th, 2023.
