Form 8809 can be a helpful resource for small businesses that need more time to file information returns. It is an application that extends the deadline for filing W2s, 1099s, and other forms. As the IRS notes, the most common information forms that businesses file are W2s and 1099s. It can extend the due dates of forms 1042-S, W-2G, 1094-C, 1095-C, 1095-B, 1097, 1099, 1098, 1099-Q-A, 3922, 3921, 5498, 5498-QA, 5498-ESA, 8027 and 5498-SA.
These forms report tax-related information about your individual or business tax situation. If you forgot to file these on time or do not have an extension of the filing date, you must pay the penalty.
What is the period of the extension?
The Form 8809 extension automatically gives you a 30-day extension of the filing deadline for the listed forms. The company can receive an additional 30-day extension if they fulfill some conditions:
- When the country or the state declares a disaster that stops you to open your office, then leads to bankruptcy of your company.
- Your operations were affected by fire, casualty, or natural disasters.
- Your business was not fully functional until this year.
- The responsible person for filing the document is dead, facing some illness, and absent.
- If you did not get the data to prepare a complete and correct tax return.
When should you apply for Form 8809?
If you need an extended period, you should apply for it as soon as possible. Internal Revenue Service does not allow companies to file extensions of time of their returns before January 1 of the year they are due. You must file an extension request by the due date of each attached information return, which will vary. You can fill out one Form 8809 to apply for extensions on several types of information returns, but you will still have to file them by the original due date.
