May 15, 2023, is the Last Date to File Business Tax Extension Form 8868 for Tax-Exempted Organizations.
Attention business taxpayers! If you own a tax — exempted organization or are a tax filer for such organizations, you must remember that the last date to apply for business income tax extension to the IRS is May 15, 2023. Tax–exempted organizations are not entitled to any tax payments to the IRS. However, they must file their yearly tax returns to the IRS within the deadline to maintain their tax — exempted status with the federal government. If a tax–exempted organization doesn’t file tax returns for three consecutive years, it will lose the exemption status, and IRS will take action for tax evasion. Therefore, all tax–exempted organizations must report their taxes using the original form or apply for business tax extension form 8868 to get the extra time by the deadline.
File form 8868 to get six months extension time.
Tax–exempted organizations like charities, non-profit organizations, educational and healthcare institutions, and similar businesses are not required to pay any taxes to the federal government. But they must report their taxes to the IRS using Form 990 within the deadline. If they cannot report the taxes on time, they must apply for the business income tax extension form 8868 to get the extension period to report the taxes. This form is used to apply for an automatic 6-month extension of time to file instead of the previous 3-month automatic extension and subsequent request for an additional 3-month extension.
The last date is approaching soon!
It is common for business organizations to apply for the tax extension form to their time to prepare the taxes accurately. As the IRS rejects improper tax returns and will not issue the acknowledgment on time, they will utilize the time to submit the taxes with proofs and supporting documents. Therefore, apply for form 8868 business tax extension by May 15, 2023, and get the extension till November 15, 2023, to file your tax reports to the IRS.
E-file form 8868 on TaxGarden.com!
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 today. Taxgarden.com offers a simple and quick e-filing process with secure technology as per IRS guidelines. You will have a secure form 8869 tax extension for your tax-exempt organizations. You can e-file form 8868 tax extension for 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 April 27th, 2023.
