Avoid Late Filing Fees: File Business Extensions Free Online

Avoid late filing fees this tax season with TaxAct! In this video, I show you how to file extensions for free, a must-know for tax professionals and anyone handling multiple client cases. Whether you've just passed the March 15 deadline or are gearing up for the next, stay on top of your tax game without incurring extra costs. 📊✨
Here's what we'll cover:
1. *Why File Extensions?* Understand the critical importance of timely extensions for S-Corps and partnerships to avoid hefty penalties.
2. **TaxAct Walkthrough**: I'll take you through a step-by-step guide on using TaxAct for filing extensions. See how easy it is to set up your account and submit your filings in real-time.
3. **Handling E-File Rejections**: Discover common reasons for e-file rejections and my tips on how to address them effectively.
4. **Paper Filing Tips**: Sometimes, digital doesn't cut it. I'll show you how to properly paper file if electronic submissions fail, ensuring you always have a backup plan.
5. **Q&A Section**: Got questions? Drop them in the comments! I'm here to help make your tax filing as smooth as possible.
Whether you're a seasoned CPA or just getting your feet wet in tax preparation, this video is packed with essential tips to enhance your workflow and ensure your filings are on point. Don't forget to like, share, and subscribe for more insightful tax content!
📝🔍 Stay ahead of tax updates and ensure your tax season is successful with no unnecessary fees!
#PartnershipTaxes #EfileExtensions #CorporateTaxes #TaxDeadline #IrsRejectionReasons
CHAPTERS:
0:00 - Introduction
0:39 - Filing Tax Extensions Explained
1:24 - Free Tax Extension Filing Methods
5:11 - Handling E-file Rejections
7:31 - Completing IRS Form 7004
10:44 - Conclusion
#businesstaxextension
#taxextension
#taxextension #7004
🔗Useful Links:
🌐 Website: www.remotecpainla.com
📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers :www.remotecpainla.com
Contact info:
✅Email for any questions: [e-mail]
✅Schedule strategy call : www.remotecpainla.com
✅LinkedIn: kateryna--khalandach-cpa
Thank you
Kat

[@esperanzadowning]

Many thanks!!!!!! I was able to filed the 7004 form today for my LLC (only one owner) and I got accepted!

[@notsoboringcpa]

That’s great! Glad I can be helpful

[@California000]

Thank you so much for this valuable information.
I looked everywhere and couldn't find any free software to file extension for my two s corps.
Now i saw your video and filed extension and got rejected. Because passed the due date. You are so helpful Ms Cpa.

[@notsoboringcpa]

Glad it helped! I was surprised there were no more free options online

[@ExfoliiOrganics101]

fyi it only allow to file if the date is before march 15.

[@melissam1102]

Hi there! Thanks for the video. I’m planning to file Form 2553 late ( in the next week), should I still file 7004 by paper if S election hasn’t been officially accepted/approved for FY2023?

[@notsoboringcpa]

Yes, even if the election will be filed later. I recommend sending the s-corp attached to the tax return when you file later