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,
- 1094-C, 1095,
- 1097, 1098, 1099,
- 3921, 3922,
- 5498, and
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|
|1094-B / 1095-B||March 31|
|1094-C / 1095-C||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.
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.
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.
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.
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.
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.