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Taking time now to refers to the process or form used to formally request an extension or deferment of obligations, typically related to financial or tax matters.

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The purpose of taking time now to is to formally request additional time to comply with specific deadlines, thereby avoiding penalties for late submissions.

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Information that must be reported includes name, address, social security number or tax identification number, specific deadline being extended, reason for the request, and any relevant details related to the obligation.