Application for Extension of Time to Furnish Recipient Statements
Form 15397 is used to request an extension for furnishing recipient statements for various tax forms, including W-2 and 1099. This extension allows issuers more time to prepare and file accurate information returns. It's crucial for compliance with IRS requirements.
Edit, Download, and Sign the Application for Extension of Time to Furnish Recipient Statements
Form
eSign
Add Annotation
Share Form
How do I fill this out?
To fill out Form 15397, first gather the necessary information about your entity and the forms for which you are requesting an extension. Then, accurately complete each section of the form, paying attention to details such as the issuer's name and TIN. Finally, ensure you sign and submit the form before the due date to avoid penalties.
How to fill out the Application for Extension of Time to Furnish Recipient Statements?
1
Gather issuer's information including the TIN.
2
Complete all required fields accurately.
3
Select the forms you need an extension for.
4
Check the applicable reasons for extension request.
5
Sign and submit the form before the due date.
Who needs the Application for Extension of Time to Furnish Recipient Statements?
1
Employers needing more time to provide W-2 forms to employees.
2
Financial institutions requiring an extension for 1099 forms.
3
Tax preparers managing multiple client forms and deadlines.
4
Nonprofits needing additional time to prepare Form 5498.
5
New businesses without sufficient data to complete their filings.
How PrintFriendly Works
At PrintFriendly.com, you can edit, sign, share, and download the Application for Extension of Time to Furnish Recipient Statements along with hundreds of thousands of other documents. Our platform helps you seamlessly edit PDFs and other documents online. You can edit our large library of pre-existing files and upload your own documents. Managing PDFs has never been easier.
Edit your Application for Extension of Time to Furnish Recipient Statements online.
Editing this PDF on PrintFriendly is a breeze with our intuitive interface. Simply upload the form and use our tools to add or modify text as needed. Once you've made your changes, you can easily download the updated document.
Add your legally-binding signature.
You can sign the PDF directly on PrintFriendly by using our electronic signature feature. After making your edits, simply select the signature tool and place it where required. This ensures your document is ready for submission without additional hassle.
Share your form instantly.
Sharing your PDF is simple with PrintFriendly's sharing options. You can generate a shareable link or send the document via email directly from the platform. This feature makes collaboration easy and efficient.
How do I edit the Application for Extension of Time to Furnish Recipient Statements online?
Editing this PDF on PrintFriendly is a breeze with our intuitive interface. Simply upload the form and use our tools to add or modify text as needed. Once you've made your changes, you can easily download the updated document.
1
Upload the PDF document to PrintFriendly.
2
Select the editing tools to make your changes.
3
Review all changes for accuracy.
4
Download the edited PDF to your device.
5
Share the document if needed using our sharing options.
What are the instructions for submitting this form?
To submit Form 15397, complete all necessary fields and ensure that it is signed by the appropriate individual. The completed form can be faxed to the IRS at 877-477-0572, or internationally at 304-579-4105. For any questions, you can call the IRS toll-free at 866-455-7438 or visit the IRS website for more detailed guidance.
What are the important dates for this form in 2024 and 2025?
Important dates for Form 15397 in 2024 include the due dates for various forms it covers. Typically, W-2 forms are due by January 31, 2024, while 1099 forms have different due dates based on the type. Ensure to submit the extension request on or before these due dates.
What is the purpose of this form?
Form 15397 serves as a crucial tool for issuers seeking to extend their deadlines for furnishing statements to recipients. This extension ensures compliance with IRS regulations while allowing issuers the necessary time to prepare accurate information returns. By filing this form, issuers can avoid potential penalties associated with late submissions.
Tell me about this form and its components and fields line-by-line.
- 1. Issuer's/Transmitter's Information: Includes TIN, name, address, and contact details.
- 2. Form Selection: Selection of affected forms for extension.
- 3. Reason for Extension: Specific criteria that qualify for requesting the extension.
- 4. Declaration: Signature and date certifying that information is correct.
What happens if I fail to submit this form?
Failure to submit Form 15397 can result in significant penalties for late filing of information returns. It could also lead to incomplete or inaccurate information being reported to the IRS, which may complicate future filings.
- Late Filing Penalty: A monetary penalty assessed for failing to file on time.
- Inaccurate Reporting: Risk of providing incorrect tax information which could lead to audits.
- Compliance Issues: Potential legal issues arising from non-compliance with IRS regulations.
How do I know when to use this form?
- 1. Unexpected Illness: In the event of illness impacting the individual responsible for filings.
- 2. Data Delays: If data needed to complete forms is not available in time.
- 3. Natural Disasters: When operational capabilities are affected by disasters.
- 4. New Business Start-Ups: Especially useful for businesses in their first year of operation.
- 5. Technological Issues: If technical problems hinder timely data preparation.
Frequently Asked Questions
What is Form 15397?
Form 15397 is a request for an extension to furnish recipient statements for various tax forms.
Who should use Form 15397?
Anyone needing additional time to report information returns, such as employers and financial institutions.
How do I fill out Form 15397?
Gather necessary information, complete each section accurately, check applicable boxes, and sign the form.
How can I edit this form on PrintFriendly?
Upload the PDF, use editing tools to modify the content, and then download your updated version.
Can I sign the PDF on PrintFriendly?
Yes, you can easily add an electronic signature directly onto the form before downloading.
Is there a penalty for late submission?
Yes, you may face penalties if you file late without an approved extension.
What types of forms does Form 15397 cover?
Form 15397 allows for extensions related to W-2, 1099, 5498, and other specified forms.
When should I submit Form 15397?
Submit the form as soon as you determine you need an extension, but not before January 1.
Can I share the PDF after editing?
Absolutely! You can share your edited PDF via link or email directly from the platform.
What if I miss the submission deadline?
If you miss the deadline, you may incur late filing penalties.
Related Documents - Form 15397
Authorization to Change Direct Deposit Form
This form is for notifying organizations of changes to your direct deposit account. Complete and sign this form and send it to the companies handling your direct deposits. The form includes sections for personal information and new account details.
Sprouts Farmers Market 2023 Annual Meeting Proxy Statement
This document contains details about the 2023 Annual Meeting of Stockholders for Sprouts Farmers Market, Inc. It includes information on the meeting date, items of business, and instructions for proxy voting. Access to proxy materials and voting instructions are also provided.
Application for Approval of Details Reserved by Condition Planning
This file is an application for approval of details reserved by condition following the grant of planning permission or listed building consent. It provides information on how to submit the necessary details for approval by the Local Planning Authority. The file includes instructions for both online and offline submission.
Implementation of Thrift Savings Plan Roth Contributions
This file provides information and requirements for uniformed services to modify their payroll systems to accommodate the Thrift Savings Plan (TSP) Roth contributions. It outlines definitions, rules, and procedures for TSP Roth contributions, including catch-up contributions for those aged 50 and older. The document also includes target implementation dates and contacts for inquiries.
Canara Bank API Banking Application Form
This file is an application form for Canara Bank's API Banking services for corporate entities. The form includes sections to provide company details, technical specifications and authorized personnel. It requires the applicant to declare understanding and acceptance of terms and conditions related to the service.
Odyssey Plan Assignment Guide: Create Your Future in 3 Steps
This file provides the guidelines and templates for creating three distinct 5-year Odyssey Plans. It encourages creative visual representations and exploration of multiple life possibilities. It is designed to help users test assumptions and gain new insights about potential life paths.
BMW Financial Services Business Application Form
This form is used to apply for various financing options through BMW Financial Services, including lease, retail, pre-pay lease, and OwnersChoice. It collects detailed information about finance, vehicle, business, banking, and personal guarantor information. Instructions and certifications required for business entities and personal guarantors are included.
Savings Account Application Form - The Co-operative Bank
This application form is needed to apply for a savings account with The Co-operative Bank. It requires personal information, tax status, and account preferences. Follow the instructions carefully for successful submission.
Union Bank of India Simplifies Form 15G & H Submission via WhatsApp
Union Bank of India has simplified the annual submission of Form 15G & H by enabling online submission via its WhatsApp channel Union Virtual Connect in association with RBIH. This initiative aims to make the submission process easier for senior citizens and tech-savvy customers. It provides banking services in 7 different languages through WhatsApp.
SBI Account Opening Form for Resident Individuals
This file is an account opening form for resident individuals of SBI. It includes detailed sections that need to be filled for creating a Customer Information File. The form must be accompanied by terms and conditions and is suitable for various types of accounts including saving bank, current account, and term deposits.
MISD PowerSchool - Progress Report Template
This file provides a detailed example of a Progress Report Template for the MISD PowerSchool system. It includes instructions on how to set up and customize the report. Users can learn how to fill in the template with student information and schedule data.
Wells Fargo Auto Dealer Profile Form
This document contains information and instructions for Wells Fargo Auto Dealers on completing the Dealer Information Sheet, ACH Profile Authorization Form, and Franchise Dealer Profile. Dealer's details, bank account information, and dealership legal details are required.
