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Form 8868

  1. Country USA
  2. Language English
  3. Activity Taxes
  4. Department Internal Revenue Service
Form 8868

Application for Automatic Extension of Time To File an Exempt Organization Return

Rev. January 2024

[Form 8868(Rev. January 2024)] This form is used to request an extension of time to file various tax returns related to employee benefit plans with the Internal Revenue Service (IRS). The forms that can be requested for extensions include Forms 990, 990-EZ, 4720, 990-PF, 990-T, 1041-A, 5227, 6069, 8870, and 5330. Electronic filing (e-file) is available for most forms except Form 8870. Applicants must provide identification information such as name, taxpayer identification number, and return code. For Form 5330 extensions, additional details like plan name, plan number, and year end are required. The form also includes instructions on payment and penalties for late filing.

Instructions

  • Instructions for Form 8868 - Instructions for Form 8868, Application for Extension of Time To File an Exempt Organization Return or Excise Taxes Related to Employee Benefit Plans
FAQ
  • What happens if my application for extension of time to file is approved?

    If your application for an extension of time to file Form 5330 is approved, you may be granted an extension of up to 6 months after the normal due date of Form 5330. However, if the statements made on this form are false or misleading, the extension will be null and void.

  • Can I get an extension for filing my Form 5330?

    Yes, you can request a extension of time to file Form 5330 by submitting Form 8868.

  • What information do I need to provide in Form 8868?

    Form 8868 requires your name, address, and the type of return you are requesting an extension for (Part I or Part II). If you are requesting an extension for Part II filers, no signature is required. For Part III filers, a separate Form 8868 must be used to determine how payment must be made.

  • Do I need to sign Form 8868?

    If you are filing Form 8868 for an extension of time to file Form 5330, the form must be signed. If you are filing Form 8868 for any other form, a signature is not required.

  • Can I get a waiver if my return is late?

    Yes, you can apply for a waiver of the late filing penalty by using Form 7004. However, this application must be filed on or before the original or extended due date.

  • What happens if my extension of time to file is denied?

    If your application for an extension of time to file Form 5330 is denied, you must file your return on time or apply for a waiver by using Form 7004.

  • What happens if I don't request an extension of time to file?

    If you do not request an extension of time to file Form 5330 and miss the original due date, you may be subject to additional penalties and interest.

  • How do I file Form 8868?

    You can file Form 8868 electronically using the IRS e-file system, or you can mail it to the IRS. If you choose to mail it, use the appropriate postage and include your payment with this form.

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ABOUT

Federal tax forms

Form 8868 is one of Federal tax forms that are documents used to report and file federal income taxes with the Internal Revenue Service (IRS) in the United States. These forms are used by individuals, businesses, and organizations to report their income, deductions, and other relevant information necessary for calculating their federal tax liability.

The most commonly used federal tax form is the Form 1040, which is used by individual taxpayers to report their personal income tax. Other commonly used forms include the Form 1065 for partnerships, Form 1120 for corporations, and Form 990 for tax-exempt organizations.

Federal tax forms typically require taxpayers to report various sources of income, such as wages, salaries, and tips, as well as income from investments, rental properties, and other sources. The forms also allow taxpayers to claim deductions and credits for various expenses, such as charitable contributions, mortgage interest, and healthcare expenses.

It is important to file federal tax forms accurately and on time, as failure to do so can result in penalties and interest charges from the IRS.

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