The deadlines for businesses are coming up really soon, and if you still need to get all your information together, you should invest in a business tax extension and receive more time to file. A filing extension is automatic – you get it simply by asking the IRS for it.
But you must file the request for an extension by the deadline you’re expected to meet for filing your return – not to mention that different types of businesses have different due dates and extension periods. Check the following to see which deadline applies to you.
Partnerships
Calendar Year Partnerships:
- Tax Deadline: March 15
- Extension Period: 6-month automatic extension to September 15
Fiscal Year Partnerships:
- Tax Deadline: 15th day of 3rd month after tax year end date
- Extension Period: 6-month automatic extension
C-Corporations
Calendar-year C-Corporations:
- Tax Deadline: April 18
- Extension Period : 5-month automatic extension to September 15
Fiscal Year C-Corporations:
- Tax Deadline: 15th day of 4th month after tax year end date
- Extension Period: 6-month automatic extension
Trusts
Calendar Year Trusts:
- Tax Deadline: April 18
- Extension Period : 5-month automatic extension to September 15
Fiscal Year Trusts:
- Tax Deadline: 15th day of 3rd month after year end
- Extension Period : 5-month automatic extension
Estates
Calendar Year Estates:
- Tax Deadline: March 15
- Extension period: 6-month automatic extension to September 15
Fiscal Year Estates:
- Tax Deadline: 15th day of 4th month after year end
- Extension Period: 6-month automatic extension
With Multi-Member LLCs and S-Corporations, the tax deadline is March 15, and the extension period is for 6 months. Each of these business types will need to complete a Form 7004 in order to file an extension – so make sure you have the correct form.
To E-file for your Tax Extensions or for any more questions on your tax deadlines Feel Free to reach the industry’s Best Tax Experts, @ 1-866-245-3918 or write to us @ support@extensiontax.com .