IRS eases extension request rules: a simpler way to file later.Temporary regulations issued under IRC (Internet Relay Chat) Computer conferencing on the Internet. There are hundreds of IRC channels on numerous subjects that are hosted on IRC servers around the world. After joining a channel, your messages are broadcast to everyone listening to that channel. section 6081 (TD 9229, 1i/4/05) simplify how individuals, partnerships and others can obtain an automatic six-month extension of time to file a number of income tax returns with a single request. The rules also remove the requirements for a signature and an explanation of the need for an extension, and render the use of certain other extension forms obsolete OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed, 2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. . Generally, the temporary regulations are effective for certain returns due after 2005, so CPAs need to be familiar with them this filing season. INDIVIDUALS The timely submission of a completed application for extension on Form 4868, Application for Automatic Extension of Time To File a U.5. Individual Income Tax Return, now provides an automatic six-month extension, with no need for a signature or explanation. (Previously, a first extension request was good for four months; a taxpayer needed to file an additional request to gain two more months.) As always, the extension does not extend the time for payment of tax. Taxpayers must make a proper estimate of any tax due. While no tax payment is required to obtain the extension, failure to pay any tax as of the original return due date may subject the taxpayer to penalties and interest. CORPORATIONS AND OTHER ENTITIES The new rules do not change the current method for filing extensions for corporate income tax returns; rather, they broaden its scope. The form previously used for a corporate extension (Form 7004, Application for Automatic Extension of Time to File Corporation Income Tax Return) will now also be used by partnerships, real estate mortgage investment conduits Real Estate Mortgage Investment Conduit (REMIC) A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. , certain trusts and taxpayers requesting additional time to file various excise A tax imposed on the performance of an act, the engaging in an occupation, or the enjoyment of a privilege. A tax on the manufacture, sale, or use of goods or on the carrying on of an occupation or activity, or a tax on the transfer of property. , income, information and other returns. The regulations have changed the title and appearance of Form 7004. Now called Application for Automatic 6-Month Extension of Time to File Certain Business Income Tax, Information, and Other Returns, the form will apply to a larger number of returns than did its predecessor. OTHER RETURNS Certain employee plan returns now are eligible for an automatic 2 1/2 month extension, and gift tax returns for an automatic six-month extension, if the proper form is filed. Neither extension request requires a reason or a signature. Donors who do not need an income tax filing extension will use a new version of Form 8892, Payment of Gift/GST Tax and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. Application for Extension of Time to File Form 709, to request the gift tax extension. TRANSITION RULE The temporary regulations are effective for applications for an automatic extension to file certain returns filed after 2005, and accordingly, apply to applications for extension to file tax-year 2005 returns. The new rules also apply to extension applications for tax-year 2004 returns for certain fiscal-year taxpayers whose returns are due after 2005. Although such taxpayers should continue to use the tax-year 2004 extension forms, the regulations' preamble A clause at the beginning of a constitution or statute explaining the reasons for its enactment and the objectives it seeks to attain. Generally a preamble is a declaration by the legislature of the reasons for the passage of the statute, and it aids in the interpretation of notes that the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. will grant a six-month filing extension if the request made on one of these forms would otherwise qualify under the temporary regulations, except for use of the specified form. For more information, see Shin shin (shin) the prominent anterior edge of the tibia or the leg. saber shin marked anterior convexity of the tibia, seen in congenital syphilis and in yaws. , Tax Clinic, "Temp. Regs. Streamline Automatic Extension Procedures," in the February 2006 issue of The Tax Adviser. 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