Extension


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Extension

Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.

Extension

1. In options, the expiration date. Occasionally the parties to an option contract will agree to extend the expiration to a certain date in the future.

2. In taxes, the day that one must file one's return if one asked the tax agency for more time to do it. For example, in the United States the deadline to file tax returns is 15 April. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until 15 October. In this case, 15 October is the extension date.

3. In an offer for bids on a contract, the date to which a deadline is lengthened. If there is either a lack of interest or no good bids on a contract, the company or government offering it may extend the deadline to allow other companies to decide whether to make a bid. This second deadline is the extension date.

extension

An agreement to defer the time for doing an act or for termination of a lease.

Extension

A provision thta allows additional time to perform an act required by the tax law or by regulation. The term is used most often when referring to an extension to file the tax return, but it also applies to extensions for making available elections.
References in periodicals archive ?
We're going to continue to look to reducing the burden on taxpayers and we still believe the extension process can be simplified for both taxpayer and the IRS.
In addition to the online course material made possible through the CFP Board grant, UC Irvine Extension offers two financial planning certificate programs, both registered with the CFP Board.
The ruling also clarified the timing for filing Form 7004 when a calendar-year foreign corporation sought to take advantage of both the three-month and sixmonth extension periods.
Eyelash extensions can really help to restore a more feminine look after significant hair loss caused by chemotherapy," says Phillips.
For several pre-1993 years, Form 4868, Application for Automatic Extension of Time To File U.
The Professional Hair Extensions Wholesaler, Vinuss Hair Extensions, launches a user-friendly website for their customers.
a valid extension of filing time has been granted and the payment of tax through withholdings, estimates, or accompanying the extension is at least 90 percent of the tax shown on the return; and
If O'Neal is granted the maximum allowable extension - $24.
OLLI at UCI, supported by UC Irvine Extension and founded in 1997, is a thriving organization that strives to provide academically based learning opportunities for those who continue to seek knowledge.
Bead hair extensions are better for use on someone with thick hair, while fusion hair extensions can be used on someone with thinner hair," said an Opulence Inc.
Has already obtained a four-month extension to file Form 709 on Form 4868 and needs an additional extension for Form 709 only.
Any return, election statement, or other form of filing that must be made to obtain an automatic extension must contain the following legend at the top of the document: FILED PURSUANT TO SEC.