IRS Filing Extension Service – Form 8809

BoomTax now provides a streamlined filing extension service directly from your account. You should file an extension 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.

Electronic Filing IRS Form 8809 Deadlines:

Form IRS Electronic Filing Due Date
W-2G  March 31
1042-S March 15
1094-C March 31
1095-B / 1095-C March 31
1097 March 31
1098 March 31
1099 March 31
1099-MISC Box 7 data for NEC  January 31
1099-MISC No data in Box 7  March 31
3921  March 31
3922  March 31
5498 / 5498-SA / 5498-ESA  May 31
8027 March 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.

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.

By filing with BoomTax, you can file an extension for many different types of forms at once for an unlimited number of payers all at one flat rate price!

Penalties for failing to file correct information returns by the due date:

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:

  • $50 per information return if you correctly file within 30 days (by March 30 if the due date is February 28); maximum penalty $532,000 per year ($186,000 for small businesses).
  • $100 per information return if you correctly file more than 30 days after the due date but by August 1; maximum penalty $1,596,500 per year ($532,000 for small businesses).
  • $260 per information return if you file after August 1 or you do not file required information returns; maximum penalty $3,193,000 per year ($1,064,000 for small businesses).

If you do not file corrections and you do not qualify for any of the exceptions to the penalty, the penalty is $260 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.

Forms 1094-C and 1095-C

The penalty for failure to timely file a provide a correct return is $260 per return not to exceed $3,193,000 per calendar year.

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.

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