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What extension is there for gift tax when the donor obtain an automatic filing extension for income taxes?
Wiki User
∙ 10y ago
When filing an extension for income taxes related to gift taxes, you are granted an automatic extension. As long as the paperwork is filed on time, an automatic 6 month extension is given.
Wiki User
∙ 10y ago
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How hard is it to get an extension for tax filing?
Getting an extension for tax filing in the United States is generally not difficult and is quite common. Here are some key points to keep in mind: Automatic Extension: Individual taxpayers can easily obtain an automatic extension for filing their federal income tax return by submitting IRS Form 4868. This form provides a six-month extension, moving the deadline from April 15 to October 15. It's important to note that this extension is for filing the return, not for paying any taxes owed. No Explanation Required: The IRS does not typically require individuals to provide a reason for requesting an extension. Filing Form 4868 is generally a straightforward process, and the IRS grants the extension without asking for a specific explanation. Timely Submission: To get the extension, you must submit Form 4868 by the original due date of your tax return, which is usually April 15. Filing after this date may result in penalties and interest on any taxes owed. Payment of Taxes Owed: While you can get an extension for filing, it's important to note that the extension does not grant extra time to pay any taxes owed. If you anticipate owing taxes, you should estimate and pay that amount by the original due date (April 15) to avoid penalties and interest.
What is the last day to file a tax return?
For Federal income tax for most people they are due on or before April 15, of the year following the reporting year. Some State returns have different deadlines. However, a 6 month extension of time to file is easily available. (But note that is an extension fo filing the complete return, NOT paying. Payments are due, through quarterly estimates or payroll withholding throughout the reporting year. An underpayment during this time can be made right with the filing of the return, or extension, on April 15. Failing to make adequate payments can also void the extension and subject someone to penalties and interest). An un-filed return is ALWAYS open to audit and assesment by the Government, as no statute of limitations even starts to run until one is filed. It may be filed at ANYTIME after the due date. An incorrect return may be corected by filing an amended return, anytime after the original filing...although the time to obtain a refund is limited.
When is the last filing date for 2009 tax return in usa?
To pay any income tax that may been due April 15, 2010. If you are due a refund October 15, 2010. Your Q isn't as clear as you may think. If your asking how long does somebody have to fie a return for 2009 till it is no longer needed - the answer is forever. You must file the return by April 15th of the next tax year (1010) and will always be responsible for it from that point on. Extensions for 6 months are easy to obtain, but one must file a form to do so. NOTE: This is for filing the forms...paying the tax there is no extension for and it is paid through the year 2009 (by withholding or estimated qrtly payment) and proven (additional paid/overpaid refunded) with the April 15th filing of the form
How do you file for an extension on taxes?
Using the Form 4868 you can click on the below related link for more information. In addition to filing Form 4868 electronically, or by paying part of your tax by credit card, you can file Form 4868 by filling out the form and mailing it to the place where you will file your return. Please be aware that an extension of time to file is NOT an extension of time to pay.
How can one obtain an income verification?
Income verification usually comes from the employer. One would need to request through the employer for this information. If one is self-employed, this would come from records.
How hard is it to get an extension for tax filing?
Getting an extension for tax filing in the United States is generally not difficult and is quite common. Here are some key points to keep in mind: Automatic Extension: Individual taxpayers can easily obtain an automatic extension for filing their federal income tax return by submitting IRS Form 4868. This form provides a six-month extension, moving the deadline from April 15 to October 15. It's important to note that this extension is for filing the return, not for paying any taxes owed. No Explanation Required: The IRS does not typically require individuals to provide a reason for requesting an extension. Filing Form 4868 is generally a straightforward process, and the IRS grants the extension without asking for a specific explanation. Timely Submission: To get the extension, you must submit Form 4868 by the original due date of your tax return, which is usually April 15. Filing after this date may result in penalties and interest on any taxes owed. Payment of Taxes Owed: While you can get an extension for filing, it's important to note that the extension does not grant extra time to pay any taxes owed. If you anticipate owing taxes, you should estimate and pay that amount by the original due date (April 15) to avoid penalties and interest.
How do you obtain an extension of two weeks to file your initial schedule in a chapter 7?
You must file a motion to extend the time, and it must be filed before the time for filing has expired. Read your local rules.
What is the last day to file a tax return?
For Federal income tax for most people they are due on or before April 15, of the year following the reporting year. Some State returns have different deadlines. However, a 6 month extension of time to file is easily available. (But note that is an extension fo filing the complete return, NOT paying. Payments are due, through quarterly estimates or payroll withholding throughout the reporting year. An underpayment during this time can be made right with the filing of the return, or extension, on April 15. Failing to make adequate payments can also void the extension and subject someone to penalties and interest). An un-filed return is ALWAYS open to audit and assesment by the Government, as no statute of limitations even starts to run until one is filed. It may be filed at ANYTIME after the due date. An incorrect return may be corected by filing an amended return, anytime after the original filing...although the time to obtain a refund is limited.
Will it be hard to obtain a home loan after filing bankruptcy?
Virtually impossible.
Where does the government obtain its income?
mainly taxes
From where do farmers obtain the inputs that they require?
farmers obtain their inputs from the markets with their surplus income.
Is a measure of income or profit divided by the investment required to obtain that income or profit?
Profit
What steps would one have to take to obtain a legal separation?
The steps one would have to take to obtain a legal separation are to first meet the states residency requirements, filing a petition, filing a separation agreement, then wait for the judge to approve it.
How long does it take to obtain the copyright of the work?
Protection is automatic, and registration is not required.
Is it difficult to obtain subsidized housing in the US?
A person's ability to obtain subsidized housing in the United States depends on his or her income. The family income must be less than half of the local median income. Landlords can not discriminate against potential tenants.
If you obtain your p's in an automatic how long before you can drive a manual?
not until you get your full license
When is the last filing date for 2009 tax return in usa?
To pay any income tax that may been due April 15, 2010. If you are due a refund October 15, 2010. Your Q isn't as clear as you may think. If your asking how long does somebody have to fie a return for 2009 till it is no longer needed - the answer is forever. You must file the return by April 15th of the next tax year (1010) and will always be responsible for it from that point on. Extensions for 6 months are easy to obtain, but one must file a form to do so. NOTE: This is for filing the forms...paying the tax there is no extension for and it is paid through the year 2009 (by withholding or estimated qrtly payment) and proven (additional paid/overpaid refunded) with the April 15th filing of the form
