Category Archives: Efile 7004

Form 7004: Extension of time to file Business Tax Returns

IRS Form 7004, officially known as the “Form 7004 – Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns,” is a request for an automatic extension of time to file certain business tax returns. The deadline to file a Business Tax Extension is March 15th. The extension will be granted by the IRS if the business:

  1. Complete IRS Form 7004 properly
  2. Make a proper estimate of the tax (if applicable)
  3. File the form by the due date of the return to which the Form 7004 applies,
  4. Pay any tax that is due.

An IRS Form 7004 can be submitted to automatically extend the filing deadline for 32 different IRS returns. The IRS typically grants automatic extensions of five (5) or six (6) months, depending on the return for which the extension is filed. The eligible returns and length of automatic extensions are listed below: Continue reading

Efile Your Business Income Tax Extension Form 7004 With ExtensionTax.com

In this taxation world, every corporate business, partnerships and certain trusts are mandate to file and report tax through the applicable tax form. However, there are times when you really don’t have time to file and report your tax. and in such cases, you can file an extension via form 7004 on or before the due date of your income tax return, i.e. 15th of March. Additionally, we have good news for you. Usually, IRS do not accept tax return during the weekends, and if the due date falls on a weekend, the next business working day is treated as the due date to file and report the extension or the tax form. The same implies here, as 15th of March is falling on a weekend, 16th of March is treated as the due date to file and report the income tax return or if you are filing the extension.

All You Need to Know About IRS Form 7004:

IRS form 7004 is filed to extend the time duration for filing certain income tax returns. However, there is one point you need to remember, these extensions serve you with grace time to report not to pay your tax. You are liable to pay your dues to the IRS when you are filing this extension. Also, extensions would be granted only if proper estimation is made and filed by the actual return date for which this extension applies. Continue reading

Form 7004- The Application To File Business Tax Extension

Yes, it is indeed a long time since we had our last update here at ExtensionTax.com. It is easy to get overwhelmed when it comes to anything tax-related, and getting federal business tax extension is no exception. ExtensionTax.com wants you help you in understanding the business extension process. We have jotted few of the questions:

Who Can Use IRS Form 7004?

Form 7004 is a request application that serves you with 5-month tax extension by partnerships, most estates and trusts, and most multi-member LLCs. Most other types of business entities (including C corporations, S corporations, foreign corporations, REMICs, and REITs) can use Form 7004 to request a 6-month tax extension.

What Is The Due Date For Filing A Business Tax Extension?

You must file a business tax extension by filing form 7004 by the original due date of the tax return. For corporations, this deadline is the 15th day of the 3rd month after the close of the tax year (March 15 for calendar year filers). For partnerships, as well as most estates, trusts, and multi-member LLCs, this deadline is the 15th day of the 4th month following the end of the tax year (April 15 for calendar year filers). Continue reading

Business Extension Smartphone App For Exempt and Business Entities

So filers, how are you doing today? Last week we had posted about Smartphone Extension App that allows you to file form 4868 and 2350. Today, we are going to talk about business Extension App developed by ExtensionTax.com, a product of ThinkTrade Inc. Continue reading

Apply For Tax Extension via Form 7004 Before the Deadline

It’s high time for all businesses to file for an extension before the deadline to stay away from the last moment stress in relocating the tax documents. By applying for an extension, you can take your own time and relax yourself in preparing the tax report related to your business income during the year.  Despite of the pain and gain experienced by business owners, tax should be filed and paid on time. You are left only with seven days to file for an automatic Extension.

Use of Extension Form 7004

Form 7004 is to file for an automatic extension for your business income tax return. By filing this, IRS will offer you additional time i.e. 5 or 6 months depending upon your actual form type.  If you are new for filing business taxes, then the term extension would be really new to you and you can learn more by reading this blog. Continue reading