What You Need To Know Before You File A Form 8809…

TaxBandits Forms

As a small business, filing your taxes can be stressful. With the January 31st deadlines right around the corner, you’ve got a lot on your plate. There are times when meeting an IRS deadline is just not possible. In these cases it is better to admit defeat and file an extension rather than waiting until the last minute or worse…just filing late. Before you do this, you need to know the basics of Form 8809. If it is not filed correctly or accepted, then you will run into unwanted penalties.

The best way to keep you on good terms with the IRS is to take a closer look at this form and give you some tips for accurate filing…

What Is Form 8809?

Form 8809 is an extension form. It allows filers to request a 30 days of time to file certain information returns with the IRS. This will allow you extra time to submit your information to the IRS without facing any penalties and late fees. 

What Are The Applicable Forms?

The Form 8809 can be filed for an extension on any of these forms…

  • W-2 – automatic extension no longer available
  • W-2G
  • 1095
  • 1094-C
  • 1097/1098/1099
  • 3921/3922
  • 8027
  • 5498

How Does the Form 8809 Work?

Before you start filing your 8809, here are a few things to keep in mind. 

If you are filing Form 8809, you must file it before the deadline of the form that you want an extension for. For example, if you want an extension on your 1099’s you must file before they are due to the IRS on January 31st. 

This Form can be e-filed to the IRS using TaxBandits. With the exception of W-2’s and Form 1099-MISC, these extensions can be obtained automatically upon e-filing.  

Form 8809 only addresses the information returns that are transmitted to the IRS, the recipient copy deadlines must still be honored. 

W-2 And 1099-MISC…The Exception To The Rule

This is where the Form 8809 can get a bit dicey. If you are filing a W-2 or 1099-MISC for non-employee compensation, there is an extra step. This comes at the bottom of 8809 in box 7. 

There is no automatic extension for the W-2 and 1099-MISC forms. These forms must be paper-filed to the IRS. Box 7 must be filled out and signed by the appropriate party. 

What is this exclusive box 7 you may ask? This section of the Form 8809 addresses the reason why the filer is requesting the extension. The circumstances of the request must be very serious, including a natural disaster, a catastrophic event, or a death or serious illness. 

Form 8809 should be used as a last resort. TaxBandits is here to help you file your tax forms by the original deadline! We can help you prepare, print, and postal mail recipient copies for your forms. January 31st is coming quickly…streamline your tax season with TaxBandits this year!

Add a Comment

Your email address will not be published. Required fields are marked *