2013 TAX EXTENSION DEADLINE

BOSTON — The state Department of Revenue has extended the deadline for certain corporate tax filings and payment for taxpayers who were impacted by Hurricane Sandy. The extensions will largely affect companies with operations in Massachusetts and a …

Income Tax Filing is an extremely main task and you cannot ignore it any cost. The penalty of neglecting to pay the Income tax can be extremely grave. There is a time limit that one has to follow for filing the income tax but often the public are given the Income tax extension deadline.

The Income tax extension deadline is only given to individuals or businesses that file their tax returns regularly and fill the forms properly. They are only given extension only to make sure that the filing is correct and will give them beneficial terms. The term for the tax extension is maximum six months. Filing for income tax is very easy and trouble-free. Today you also have the facility of filing it online without getting out of your offices or home. You can even file for the taxes before time on the condition that your paper work is thoroughly completed. There are almost more than 20 million individuals and almost five million businesses that file for the income tax extension every year on year.

Therefore, the State governments give the people Income tax extension deadline so that people can follow their taxes. Those who do not file even after the deadline are entitled to pay huge amount of penalties. Tax extensions are given so that you can file the taxes in a more accurate way. The extension gives you an extra time to prepare your statements in a better way and file for the taxes. The last date for businesses to file taxes is March 15 whereas the last for individuals to file the personal income tax is April 15. If the tax is not paid on time then you are entitled to pay a penalty that keeps on increasing month after month till the time your taxes remain unpaid.

After the Income tax extension deadline you also have to pay the interest fee which keeps on accumulating till the time the taxes remain unpaid.

The interest rate is around 0.5% of the tax liability. This keeps on accumulating every month. Therefore it is important to pay your taxes on time so that you may not have to bear unnecessary loses. It is mandatory for every individual to file for the taxes.

A 6-month extension of time to file is not an extension of time to pay. You must make an accurate estimate of your tax and send any necessary payment with your Form 4868 or pay the tax due by credit card. If you find you cannot pay the full amount due with Form 4868, you can still get the extension. You will owe interest on the unpaid amount.

You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Interest and penalties are assessed (charged) from the original due date of your return.

RT @NJGrowsBiz: Tax filing deadline extension for #businesses affected by Hurricane Sandy announced http://t.co/txAjO8Nn #njsandy

Orlando, FL (PRWEB) November 26, 2013

While thousands of Americans will be spending the Monday after the Thanksgiving weekend (known as Cyber Monday) in front of their computers looking for deals, Fast Forward Academy hopes that some of them will be considering how to wisely invest in their future tax career by searching for online tax courses. To help with that goal, Fast Forward Academy announces a 25% one-day sale, taking place on Cyber Monday.

Any aspiring enrolled agent or registered tax preparer who is studying for upcoming exams can purchase exam preparation packages for a reduced fee. Additionally, any current tax professional who still need to complete required continuing education hours before the end-of-year deadline can do so at a lower cost if purchased on Monday, November 26.

Fast Forward Academy is a known for its high quality, tax education products, offering students a variety of packages and prices to meet their needs. All exam preparation packages include access to a comprehensive study guide, a content-rich test bank that covers extensive material and practice exams that emulate the actual exam. Interactive features have also been built into these tax training courses, as well as community features that allow a student to see how he or she ranks amongst a particular group.

Those students preparing to take the challenging EA exams have an 80% chance of passing all three exams on the first try if they prepare using Fast Forward Academys online preparation method. Aspiring registered tax preparers can be assured that 92.9% of students who study using Fast Forward Academy materials will pass the RTRP exam on the first try.

In addition to exam preparation materials, Fast Forward Academy also offers a wealth of continuing education courses for practicing tax professionals. Those already working in the tax industry who need to complete required CPE credits can choose from a variety of online tax training courses and a multitude of delivery methods from Fast Forward Academy.

Fast Forward Academy president, Matt McBride, says that the Cyber Monday specials make sense, since the majority of Fast Forward Academys content is delivered online. Students and tax professionals alike who are seeking out our material are already quite comfortable with the online environment, states McBride. By offering reduced rates on EA preparation packages, RTRP exam study materials and CPE courses, we hope to appeal to more aspiring and current tax professionals who may be seeking out our products.

Fast Forward Academy offers various packages and bundles designed to meet the needs of professionals at all levels.

Click here to see how Fast Forward Academy can help you succeed in the tax industry.

About Fast Forward Academy

Fast Forward Academy, LLC provides companies and individuals around the world with the tools to help them efficiently manage their professional education needs. The name Fast Forward Academy reflects the scope of our missionhelping students and professionals accomplish more in less time. To realize this goal, we make every effort to provide the most useful and efficient exam prep material in the market place, all designed to help our students Learn Fast and Pass. Our principal focus is to supply rapid training and streamlined continuing education to professionals in the fields of taxation, securities and insurance.

####








Income Tax Filing is an extremely main task and you cannot ignore it any cost. The penalty of neglecting to pay the Income tax can be extremely grave. There is a time limit that one has to follow for filing the income tax but often the public are given the Income tax extension deadline.

The Income tax extension deadline is only given to individuals or businesses that file their tax returns regularly and fill the forms properly. They are only given extension only to make sure that the filing is correct and will give them beneficial terms. The term for the tax extension is maximum six months. Filing for income tax is very easy and trouble-free. Today you also have the facility of filing it online without getting out of your offices or home. You can even file for the taxes before time on the condition that your paper work is thoroughly completed. There are almost more than 20 million individuals and almost five million businesses that file for the income tax extension every year on year.

Therefore, the State governments give the people Income tax extension deadline so that people can follow their taxes. Those who do not file even after the deadline are entitled to pay huge amount of penalties. Tax extensions are given so that you can file the taxes in a more accurate way. The extension gives you an extra time to prepare your statements in a better way and file for the taxes. The last date for businesses to file taxes is March 15 whereas the last for individuals to file the personal income tax is April 15. If the tax is not paid on time then you are entitled to pay a penalty that keeps on increasing month after month till the time your taxes remain unpaid.

After the Income tax extension deadline you also have to pay the interest fee which keeps on accumulating till the time the taxes remain unpaid.

The interest rate is around 0.5% of the tax liability. This keeps on accumulating every month. Therefore it is important to pay your taxes on time so that you may not have to bear unnecessary loses. It is mandatory for every individual to file for the taxes.

A 6-month extension of time to file is not an extension of time to pay. You must make an accurate estimate of your tax and send any necessary payment with your Form 4868 or pay the tax due by credit card. If you find you cannot pay the full amount due with Form 4868, you can still get the extension. You will owe interest on the unpaid amount.

You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Interest and penalties are assessed (charged) from the original due date of your return.

They say death and taxes are the only things you can count on in life. I don’t know about that, but I do know that the tax return filing deadline for taxpayers is quickly approaching. Voting is a key part of living in a democracy. Unfortunately, so is the act of paying taxes. We actually pay them far more than we realize. While everyone gripes about income taxes, we pay sales taxes in most states every day. Still, it is the income tax return filing deadline that drives must taxpayers crazy.

The deadline for filing your return for the 2008 tax year is April 15, 2013. That’s a Wednesday this year. By the end of that day, you will need to have filed a return electronically or by mail as necessary. If you send it by regular mail, it is often wise to send it registered so you’ll get confirmation it was received by the IRS.

What if you can’t meet the deadline? Life has a way of getting busy and filing taxes can be something that takes a lot of time if for no other reason than to gather and organize your tax documents. Fortunately, it is not a big deal. You can simply file for a six month extension by filing Form 4868. The extension is automatically granted.

It is important to understand that the extension is only for the time to file the tax return. It is not an extension on the time to pay the actual taxes you owe. If you owe, you must pay on or before April 15, 2013. What happens if you do not pay? You will be assessed penalties and interest on the amount you owe. The longer you wait, the more it will end up costing you. If you completely fail to pay, the IRS will want to have a little chat with you that you really are not going to enjoy.

Everyone knows things are tough these days given the economic mess we are going through.

This includes the IRS. If you have run into problems, it makes sense to go ahead and file your tax return even if you can’t pay. As strange as it may seem, the IRS is actually one of the most helpful government agencies when things go wrong. The IRS actually showed businesses impacted by Hurricane Katrina how to amend returns from previous years to claim losses from the hurricane and get massive tax refunds that could be used to restart businesses.

The IRS is helping taxpayers in the current situation by putting them on extremely friendly payment plans. The key is to stay in touch with the agency when you run into problems. The people the IRS goes after are the ones who just stop filing and stick their heads in the sand. When the IRS doesn’t hear from you, it assumes the worst.

Income Tax Filing is an extremely main task and you cannot ignore it any cost. The penalty of neglecting to pay the Income tax can be extremely grave. There is a time limit that one has to follow for filing the income tax but often the public are given the Income tax extension deadline.

The Income tax extension deadline is only given to individuals or businesses that file their tax returns regularly and fill the forms properly. They are only given extension only to make sure that the filing is correct and will give them beneficial terms. The term for the tax extension is maximum six months. Filing for income tax is very easy and trouble-free. Today you also have the facility of filing it online without getting out of your offices or home. You can even file for the taxes before time on the condition that your paper work is thoroughly completed. There are almost more than 20 million individuals and almost five million businesses that file for the income tax extension every year on year.

Therefore, the State governments give the people Income tax extension deadline so that people can follow their taxes. Those who do not file even after the deadline are entitled to pay huge amount of penalties. Tax extensions are given so that you can file the taxes in a more accurate way. The extension gives you an extra time to prepare your statements in a better way and file for the taxes. The last date for businesses to file taxes is March 15 whereas the last for individuals to file the personal income tax is April 15. If the tax is not paid on time then you are entitled to pay a penalty that keeps on increasing month after month till the time your taxes remain unpaid.

After the Income tax extension deadline you also have to pay the interest fee which keeps on accumulating till the time the taxes remain unpaid.

The interest rate is around 0.5% of the tax liability. This keeps on accumulating every month. Therefore it is important to pay your taxes on time so that you may not have to bear unnecessary loses. It is mandatory for every individual to file for the taxes.

A 6-month extension of time to file is not an extension of time to pay. You must make an accurate estimate of your tax and send any necessary payment with your Form 4868 or pay the tax due by credit card. If you find you cannot pay the full amount due with Form 4868, you can still get the extension. You will owe interest on the unpaid amount.

You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Interest and penalties are assessed (charged) from the original due date of your return.

They say death and taxes are the only things you can count on in life. I don’t know about that, but I do know that the tax return filing deadline for taxpayers is quickly approaching. Voting is a key part of living in a democracy. Unfortunately, so is the act of paying taxes. We actually pay them far more than we realize. While everyone gripes about income taxes, we pay sales taxes in most states every day. Still, it is the income tax return filing deadline that drives must taxpayers crazy.

The deadline for filing your return for the 2008 tax year is April 15, 2013. That’s a Wednesday this year. By the end of that day, you will need to have filed a return electronically or by mail as necessary. If you send it by regular mail, it is often wise to send it registered so you’ll get confirmation it was received by the IRS.

What if you can’t meet the deadline? Life has a way of getting busy and filing taxes can be something that takes a lot of time if for no other reason than to gather and organize your tax documents. Fortunately, it is not a big deal. You can simply file for a six month extension by filing Form 4868. The extension is automatically granted.

It is important to understand that the extension is only for the time to file the tax return. It is not an extension on the time to pay the actual taxes you owe. If you owe, you must pay on or before April 15, 2013. What happens if you do not pay? You will be assessed penalties and interest on the amount you owe. The longer you wait, the more it will end up costing you. If you completely fail to pay, the IRS will want to have a little chat with you that you really are not going to enjoy.

Everyone knows things are tough these days given the economic mess we are going through.

This includes the IRS. If you have run into problems, it makes sense to go ahead and file your tax return even if you can’t pay. As strange as it may seem, the IRS is actually one of the most helpful government agencies when things go wrong. The IRS actually showed businesses impacted by Hurricane Katrina how to amend returns from previous years to claim losses from the hurricane and get massive tax refunds that could be used to restart businesses.

The IRS is helping taxpayers in the current situation by putting them on extremely friendly payment plans. The key is to stay in touch with the agency when you run into problems. The people the IRS goes after are the ones who just stop filing and stick their heads in the sand. When the IRS doesn’t hear from you, it assumes the worst.

If you filed for an extension to file your tax returns in April, your taxes must be filed by October 15. The worst thing in the world you can do is not file your income tax return on time because you don’t have money to pay what’s owed!  Here’s what you need to do, if this is your situation: File your tax return on or before October 15th and send it in with a money order or cashier’s check for $ 10.00.  This will ensure two hugely important things:

1.) It will take the IRS’s power away to assess a 25% failure to file penalty away, and 2.) it will create a computerized record at IRS that you filed on time and made a good faith and credible effort to pay something.

So those of your who have been procrastinating better wake up! And for anyone who can’t afford to pay your taxes come April 15th or October 15 – know that you’re not alone.  It’s a common problem and a lot of people end up in tax trouble because they don’t file their tax returns on time even with an extension because they don’t have the money to pay.

Here’s what you can do before the October 15 tax extension deadline if you have unfiled tax returns or IRS debt from back taxes:

•  Get a good tax attorney or tax resolution specialist. You are in dangerous waters here where only an expert tax resolution specialist or tax attorney can help you. To get the back taxes help you need, contact a tax attorney or tax resolution specialist. They are on your side. The IRS is not.


•  You need a sense of urgency. If you haven’t filed your tax return before the April 15th deadline, you need to file for an extension using Tax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return. Not filing your taxes is the worst thing you can do because you can incur a 25% failure to file penalty right off the top.  Failure to file tax returns may be construed as a criminal act by the IRS, punishable by one year in jail and $ 10,000 for each year not filed.


If you haven’t filed for this year, even after April 15th tax deadline you can still file for a tax extension using tax form 4868. A tax extension provides tax help because it can stop the “failure to file” penalty clock before it reaches the maximum. Get tax help from a tax attorney or tax resolution specialist if you’re tempted to file for October 15th tax extension after the April 15th deadline has passed. Only a tax attorney or tax resolution specialist can give you the tax help you need.


•  You need to whip out your checkbook, even if you can only pay $ 5. The bad news is that even taxpayers who received a tax extension for filing are not granted more time for the payment of taxes owed and may need income tax relief.


If you fail to pay your back taxes due, you will incur additional penalties for “failure to pay”. Any tax attorney will tell you that to avoid back tax penalties and interest, ideally you should pay 90% of your estimated taxes when you file your tax form 4868 on April 15th. To avoid additional back tax penalties, taxpayers should file by the deadline and pay as much as they can. You will still have a failure to pay penalty, but it’s much less.


Our tax attorneys tell our tax relief clients that no matter how much is owed, if they enclose a check for $ 5 or $ 10 for back taxes with the return and file it on time, that’s going to give them tax help instantly because:


1) Filing cuts down on the failure to file penalty, so you take that 25% penalty off the table.

2) Writing a check for your back taxes creates a record at IRS that says you actually filed on time and they have to post that $ 5 or $ 10 back taxes check to your account.  


You need to discover quickly whether you owe the IRS more back taxes or you’re due for a refund. If you overestimated your back taxes in April and paid the IRS too much, then you’ll get a tax refund as soon as you file your full 1040 tax return, hopefully long before the October 15th tax extension deadline.


You may need tax software to discover your IRS debt from back taxes. By October all those discounted tax software boxes offering tax help will be long gone. A tax attorney and tax resolution specialist will have the software you need going back a decade to calculate both state and federal taxes. If you owe back taxes for more than one year, a good tax attorney or tax resolution specialist may be your only shot at getting the tax help you need.


You need to get your paperwork in order. Filing an October 15th tax extension means you have more time to collect the final paperwork you need. If you have been the victim of a financial crime, a good tax attorney can go back and file amended returns that can drastically improve your back taxes problem.


•  You need to act quickly or the IRS will. If you don’t file a tax return by the October 15th tax extension deadline, the IRS may file one for you. If you don’t get tax help from a tax attorney, the IRS may prepare a “Substitute For Return” for delinquent taxpayers. It’s important to file a tax return as well as any prior delinquent tax returns as soon as possible to save money and avoid significant long-term consequences. Get professional tax help from tax attorney so that you get all the tax relief you’re allowed.


If you owe back taxes for more than one year, all your prior tax returns must be filed to be eligible for income tax relief. All back tax returns must be filed before the IRS will entertain any type of tax settlement.


•  You need to realize that this is your last chance. Can you file for an extension past the October 15th tax deadline extension? Not a chance. The IRS will occasionally extend an extension beyond October 15th for a class of people who have suffered a natural disaster. If your home wasn’t destroyed by a hurricane, then your chances of getting a tax extension beyond October 15th are about the same as winning the lottery.


The good news is that with an experienced and professional tax attorney or tax resolution specialist, you have a real hope of resolving your back taxes and IRS problems if you act now. I believe there’s tax help for every problem. For a delinquent taxpayer, it’s never too late to resolve your tax debt and avoid IRS penalties.

For more information on achieving a tax resolution for your unfiled tax returns or back taxes, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.


News