Extension

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Related to Extensions: File extensions

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 ?
The customer service team at Vinuss Hair Extensions is knowledgeable and friendly.
Eyelash extensions are no longer a fashion trend for the rich and famous," says Phillips.
Everyone is encouraged to submit their hair extension photos and get a chance to win an Opulence Hair Extensions gift card
Individuals who obtain an additional Form 1040 extension with Form 2688, Application for Additional Extension of Time To File U.
The weightless extensions are applied painlessly to individual lashes with a medical grade bonding glue and last an average natural lash cycle of 30-60 days.
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.
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.
9100-2(a) provides that, in measuring the 12-month automatic extension for eligible regulatory elections whose deadlines are the due date of the return or the due date of the return including extensions, the extended due date may be used if an extension was obtained.
On the other hand, paperless automatic extensions have been beneficially used since 1991 for California income and franchise tax purposes by corporate and noncorporate taxpayers.
Department of Labor's Pension and Welfare Benefits Administration has announced an extension of the deadline for filing Form 5500s and Form 5500-EZs, and issued general guidance on ERISA compliance regarding employee benefit plans affected by the national disaster on Sept.