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Advantages of E-filing Form 7004 business tax extension at Extensiontax.com!

Hello taxpayers, IRS made e-filing possible to apply for business tax extensions online through its authorized e-file service providers. You can choose your convenient best e-filing service provider to e-file form 7004 business tax extension to get the additional time to report your taxes to the IRS. The deadline to e-file business tax extension form 7004 is March 15th, 2022. You will get an automatic tax extension time of six months to file your complete reports along with the supporting documents for the tax year to the IRS. But the six months tax extension period is not applicable for tax due payments. You should estimate your tax payments and pay them fully by March 15th. You will get the time till September 15th, 2022 (six-month extension time) to submit all the documents to the IRS without any late charges and interests.  

Extensiontax.com is the first tax extension forms e-filing service provider to get approved and authorized to officially facilitate tax extension applications from the IRS. Let us look into the benefits and comforts of e-filing form 7004 business income tax extension at extensiontax.com.  Continue reading

March 15, 2022, is the deadline to apply for tax extensions for your business taxes.

Hello taxpayers, IRS offers tax extensions to report your business tax forms 1120, 1165, 1120S, and other associated business tax forms for additional six months. You should file the tax extension Form 7004 to the IRS to apply for tax extensions for submitting your business tax reports. However, IRS doesn’t allow any extension for your tax payments. You should estimate the tax amount and pay them fully before the deadline for your respective business tax form for your business/organization.  

Extension of Tax Reporting Time

Deadline to pay your business tax returns! 

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March 16 Form 7004 Deadline is just couple of days to go

Paying taxes is not optional – it’s the law. Taxpayers do have options when it comes to how they pay their taxes. The IRS offers several easy ways to pay taxes. Taxpayers can pay online, by phone or with their mobile device using the IRS2Go app, just to name a few. Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and S corporation shareholders who expect to owe $1,000 or more when they file. Individuals who participate in the gig economy might also have to make estimated payments.

Taxpayers should remember a few important things.

  • An extension of time to file a return is not an extension of time to pay.
  • Taxpayers should pay any taxes they owe by the March 16 deadline to avoid possible penalties and interest.
  • The extension request must be filed electronically or postmarked no later than March 16, 2020.

Not yet ready with all the required paper work to report the taxes, and looking to seek additional time with the IRS? then you must file the extension application by the due date of your business tax return.  Corporate tax returns (Forms 1120, 1120-A, and 1120-S) or partnership tax return (Form 1065) filers have to report Form 7004 for an automatic 6-month extension of time to file the return by September 15. Do remember to make the deposit on the Form 7004 return, of what you estimate you owe in tax. Form 7004 extension request is due by March 16, 2020.

The IRS strongly encourages people to file their tax returns electronically and choose direct deposit for faster refunds. Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. The IRS says, Form 7004 does not extend the time for payment of tax.” You must pay taxes due (estimated) by your tax return due date, even if you file an extension application. You will need to estimate as best you can because under-estimating can subject your business to fines and penalties.

Extension Application with ExtensionTax.com:

We’re the leaders in Federal Excise Tax online reporting and started supporting Federal Extension Applications since 2010 to make it more affordable and economic for our excise users and now we’re support many individuals and businesses to report the federal extension application online. Electronic filing provides fast acknowledgement that the IRS has received the return and reduces normal processing time, making compliance with reporting and disclosure of requirements easier. Electronically through http://ExtensionTax.com an IRS Authorized e-File Provider at just $14.99. Simple steps and clear work flow to complete the return faster and receive back an acknowledgement quicker.

We have a dedicated team of support agents to help you through your extension application and address any questions that come-up in the process of efiling. Reach us at 866 – 245 – 3918 or write to us at support@extensiontax.com.

Time to File an Extension Application for Corporate or Partnership Taxes if you indeed need it

Business taxpayers it is your time now, as the taxes are up for due this March 15 and April 15certain corporates or LLC or partnership firms have to react. When you need additional time to work with your paper work submit in your Internal Revenue’s Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns—Form 7040 now. Form 7004 is the form used to file for an automatic extension of time to file business tax return for firms that comes under partnership, a multiple-member LLC filing as a partnership, a corporation, or s-corporation. This application will only extend the time to file and not the time to pay the taxes.

You must file this extension by the due date of your business tax return. This is an automatic extension, so you don’t have to worry about your extension being approved. However we shall keep you updated by sharing an email on your acceptance status. Make sure the return is filed with the IRS before the actual deadline to avoid last minute surprises.

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Time to start working with your Business Income Tax Extensions that is getting due this March 15.

Tax time and you mush be getting your papers consolidated to report them with the IRS. In case if you’re not ready and need extra time to work with your tax returns, you could report an extension request to push your actual deadlines. Electronically report an Tax Extension Form 7004 with the IRS to push your deadlines from March 15 to September 15 and for certain businesses it is due on April 15 and push that to October 15.

2018 Tax Return Due Dates for Business Types 

  • Sole proprietorship and single-member LLC tax returns on Schedule C (with the owner’s personal tax return): April 15, 2019.
  • Partnership returns on Form 1065 with Schedule K-1 for each partner: March 15, 2019.
  • Multiple-member LLC returns on Form 1065 with Schedule K-1 for each member: March 15, 2019.
  • Corporation and S corporation returns on Form 1120 S with Schedule K-1 for each member: March 15, 2019.

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