Automatic Extension
Barron's Finance & Investment Dictionary:
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Automatic Extension
granting of more time for a taxpayer to file a tax return. By filing an IRS Form 4868 by the original due date of the tax return, a taxpayer can automatically extend his or her filing date by four months, though the tax payment (based on the taxpayer’s best estimate) is still due on the original filing date.
| Automated Order Entry System, Automated Confirmation Transaction (ACT) Service | |
| Automatic Funds Transfer, Automatic Investment Program |
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Automatic Extension
Barron's Business Dictionary:
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Automatic Extension
Granting of more time for a taxpayer to file a tax return. By filing an IRS Form 4868 (Form 7004 for corporations) by the original due date of the tax return, a taxpayer can automatically extend his or her filing date by six months, although the tax payment (based on the taxpayer’s best estimate) is still due on the original filing date.
| Automatic Checkoff, Automatic (Fiscal) Stabilizers, Automated Valuation Model (AVM) | |
| Automatic Stay, Automatic Withdrawal, Automation |
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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