A Brief Insight into the IRS Extension Form 7004

Almost every business owner and income tax filer is well aware of the fact that IRS form 7004 is for “Automatic Extension of Time to file Certain Business Income Tax, Information and Other Returns”. IRS form 7004 is of the simplest form to fill after downloading either from the IRS website or from an IRS authorized filing website. For those who are filing for an extension for the first time or wanting to brush their knowledge on IRS form 7004, then reading this blog would be helpful.

All You Need to Know About IRS Form 7004:

As mentioned above, IRS form 7004 is used to extend the time for filing certain income tax returns for several tax forms. However, as I have always mentioned in my previous blogs, the extension of time is for filing tax return but not for paying what you owe to the Internal Revenue Service. The various forms for which you need to use form 7004 are from 990-C, 1041 (estate), Form 1041-N, Form 1041-QFT, Form 1042, Form 1065, Form 1065B, Form 1066, Form  1120, Form 1120-F, Form 1120 FSC, Form 1120 H, Form 1120-L, Form 1120-ND (section 4951 taxes), Form 1120-PC, Form 1120-POL, Form 1120-REIT, Form 1120-RIC, Form 1120S, Form 1120-SF, Form 3520-A, Form 8804, Form 706-GS (T), Form 8612, Form 8613, Form 8725, Form 8831, Form 8876, Form 706-GS (D). It is good to keep in mind that extension for some of these cannot be filed online such as form 8612, 8613, 8831, 8876, and 706 GS. Therefore, you need to download the forms, fill, and send it to the IRS through mail and doing the same before the time expires can save you from penalties.

One of the essential aspects to keep in mind is that certain IRS 7004 forms provide an additional time of 5 months whereas there are forms giving tax filers extension up to 6 months.

For IRS forms having to file online, Extensiontax.com (a product of ThinkTradeinc.com) makes the filing process easy and simple. Additionally, filing with a safe and secured website helps avoid misuse of information.

Where and How to File IRS Form 7004?

Filing form 7004 to extend the time for filing tax return becomes a simple process when filing with Extensiontax.com. To ease the complete filing process, we have designed user-friendly software for extension tax filers. In addition, our tax filing expert’s help you walk through the tax filing process. Besides this, we offer excellent customer service to provide assistance on any day and at time of the day. Moreover, our innovative filing process helps you keep track of your payment details.

If you have still not created an account with ExtensionTax.com, you still have time to do, as the time filing season is approaching soon. Filing online save time and the environment, surely a great step to take this New Year. So, wait no more and create an account with us today! For any queries or feedback call us at 1-866-245-3918 or send a mail to support@taxexcise.com.