IRS Form 8809 – E-filing Extension

BoomTax now provides a streamlined filing extension service directly from your account. You should file an extension Form 8809 as soon as you know one will be necessary, but not before January 1 of the filing year. If you require a second filing extension, this request must be filed on paper and cannot be electronically filed.

IRS Form 8809 Electronic Filing Deadlines

Form 8809, Application for Extension of Time to File Information Returns can be used to request 30 additional days to complete your electronic filings.

This form can be used to request an extension of time to file forms:

• W-2, W-2G,
• 1042-S,
• 1094-C, 1095,
• 1097, 1098, 1099,
• 3921, 3922,
• 5498, and
• 8027.

Please note: extension requests for certain forms (1099-NEC, 1099-QA, 5498-QA, and W-2) must be submitted on paper.

When requesting an extension of time to file more than one of forms listed above, you may use one Form 8809. You must file by the earliest due date of the combined forms. The IRS will not grant extension requests filed after the filing due date of the information return.

IRS Electronic Filing Deadlines

Form Type	IRS E-file Deadline
1099-NEC	January 31
W-2	January 31
1042-S	March 15
1097	March 31
1098	March 31
1099	March 31
3921	March 31
3922	March 31
8027	March 31
1094-B / 1095-B	March 31
1094-C / 1095-C	March 31
1099-SB	March 31
5498 / 5498-ESA / 5498-QA / 5498-SA	May 31

Note: If any due date falls on a Saturday, Sunday, or legal holiday, the return or statement is considered timely if filed or furnished on the next business day.

Penalties

There are penalties for failure to file correct information returns by the due date.

Forms 1094-C and 1095-C

The penalty for failure to timely file a provide a correct return is $290 per return not to exceed $3,532,500 per calendar year. Other penalties may also apply.

Instructions for Form 1094-C and 1095-C

Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G

You may be subject to a penalty if you fail to file a correct information return by the due date.  You must also show reasonable cause and not willful neglect.  The penalty applies to the following:

• Failing to file timely
• The return does not include all information required
• Incorrect information on a return
• Reporting an incorrect TIN or fail to report a TIN
• When electronic filing was required but you file a paper return instead
• Failing to file paper forms that are machine readable

The penalties are as follows:

• $60 per information return if you correctly file within 30 days (by March 30 if the due date is February 28)
• $100 per information return if you correctly file more than 30 days after the due date but by August 1
• $260 per information return if you file after August 1 or you do not file required information returns

If you do not file corrections and you do not qualify for any of the exceptions to the penalty, the penalty is $310 per information return.

IRS General Instructions

Forms 1099-SA, 5498-SA, 5498,1099-Q, 1099-QA, 5498-QA, or 5498-ESA

The penalty for failure to timely file is $50 per return. There is no maximum unless the failure is due to reasonable cause.

IRS General Instructions

Conclusion

Requesting a 30-day electronic filing deadline extension can give you peace of mind during the tax filing season! It gives you an additional thirty days to prepare, review, and file your information returns with the IRS.

Just be sure to request your extension before the earliest due date of all the form types that you are requesting an extension for at any one time. The IRS will only accept extension requests that were filed on or before the due date.

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