This year, the Internal Revenue Service is offering a new way to file an extension request for free.
This year, anyone, regardless of income, can e-file their extensions at no cost from a home computer using IRS’s traditional FreeFile or the new FreeFile Fillable Forms introduced this season. E-filing a request for an extension using either form of FreeFile is safe and secure, the IRS said, and taxpayers will receive a confirmation to keep with their records. However, as always, the extension requests need to be filed by April 15.
The IRS expects to receive 1.9 million extension requests electronically this year. A total of almost 10 million extension requests are expected during 2009 compared with 9.5 million extensions received during 2008.
The extension gives taxpayers until Oct. 15 to file their tax returns. An extension does not give the taxpayer an extension of time to pay. Those who owe taxes can make a payment when they file the extension either by mailing a check or by several electronic payment methods, such as electronic funds withdrawals from bank accounts and credit card payments. Taxpayers can get an automatic six-month extension of time to file their tax returns by filing Form 4868, "Automatic Extension of Time to File."
Taxpayers can e-file the extension from a home computer or through a tax professional who uses e-file.
Some taxpayers can wait until after April 15 to file a return, pay any taxes due and make IRA contributions for 2008. As a general rule, those eligible get the extra time without having to ask for it. Eligible taxpayers include members of the military serving in Iraq, Afghanistan or other combat zone localities. Normally, the postponement is until at least 180 days after the service member leaves the combat zone.
Monday, April 6, 2009
Highlights of Connecticut Amnesty Program for 2009:
- Connecticut has established a state tax amnesty program effective May 1, 2009 through June 25, 2009, for persons that owe any tax imposed by any Connecticut law and required to be paid to the Department of Revenue Services for any affected taxable period.
- At this point, the Commissioner has been directed to prepare the amnesty application. Connecticut’s Voluntary Disclosure Program remains in effect. In many instances, Voluntary Disclosure will be the preferable option.
- The program is for individuals, corporations, or other taxpayers who owe any Connecticut state taxes other than motor carrier road taxes.
- The amnesty covers any taxable period ending on or before November 30, 2008 for which no return was filed, or for which a return that underreported taxes was filed and the return has not been examined by DRS.
- The state tax amnesty program eliminates civil penalties and provides for a 25% interest reduction for a taxpayer that files an amnesty application. Interest will be computed at a 9% annual rate. In addition, the Commissioner will not seek criminal prosecution for those taxpayers that file an amnesty application.
For additional information:
http://www.ct.gov/drs/cwp/view.asp?Q=430130&A=1436
- Connecticut has established a state tax amnesty program effective May 1, 2009 through June 25, 2009, for persons that owe any tax imposed by any Connecticut law and required to be paid to the Department of Revenue Services for any affected taxable period.
- At this point, the Commissioner has been directed to prepare the amnesty application. Connecticut’s Voluntary Disclosure Program remains in effect. In many instances, Voluntary Disclosure will be the preferable option.
- The program is for individuals, corporations, or other taxpayers who owe any Connecticut state taxes other than motor carrier road taxes.
- The amnesty covers any taxable period ending on or before November 30, 2008 for which no return was filed, or for which a return that underreported taxes was filed and the return has not been examined by DRS.
- The state tax amnesty program eliminates civil penalties and provides for a 25% interest reduction for a taxpayer that files an amnesty application. Interest will be computed at a 9% annual rate. In addition, the Commissioner will not seek criminal prosecution for those taxpayers that file an amnesty application.
For additional information:
http://www.ct.gov/drs/cwp/view.asp?Q=430130&A=1436
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