Hello business taxpayers! If you can’t file your business income tax reports to reports on time, you must apply for an extension using business tax extension form 7004. You will get the automatic six-year extension to file your business income tax reports with proof and supporting documents. However, IRS doesn’t give any extension to pay your tax reports. Therefore, you must estimate and pay your business income tax dues using your original form and apply for a tax extension using form 7004 on or before the deadline.
The deadline to apply for a business tax extension is March 15, 2023. If you are a business owner or a CPA, you must be aware of this deadline and use the extension form 7004 to get extra time from the IRS to submit the tax reports. Applying for a business tax extension is common for many businesses because they need time to assemble all documents and proofs to report the taxes. They can avoid mishaps during the IRS audit if they have ample time to prepare and report their business income tax returns without any mistakes. E-file form 7004 at ExtensionTax.com within the last date and get time till September 15, 2023, to submit your business income tax reports to the IRS.
Form 7004 – Business Tax Extension Form
Business owners and CPAs must file for business tax extension to the IRS using form 7004 to get the automatic six-month extension period. The IRS form 7004 is common for business tax extension applications for all types of businesses and their original tax forms. You should check out the eligible form number of your business in form 7004 and apply for the business tax extension from the IRS. You can also file form 7004 If you are reporting for the short tax year or your company is operating out of the United States. It doesn’t have an office or any other place inside the U.S. Please remember that IRS doesn’t give extension time for tax payment; you should pay the tax dues fully by March 15, 2023 and apply for extensions to submit your tax returns using form 7004.
Business income tax forms that are due by March 15, 2023.
- Form 1120-S
- Form 1065
- Form 1042
- Form 1065-B
- Form 3520-A
- Form 8612
- Form 8613
- Form 8804
- Form 1066
Common Businesses that file Form 7004.
Though form 7004 covers almost all types of businesses and organizations operating in the United States and are liable to pay business income taxes to the IRS, certain major business types use form 7004 business tax extension the most. They are,
- Limited Liability Companies or LLCs
- Partnership Firms
- Corporations
- S-Corporations
- Trusts, Charitable Institutions, Estates, etc.
And their original forms will be form 1120, 1120S, 1041, 1065, etc. There are 33 original/parent business tax forms in which you can apply for a tax extension using form 7004. Among the 33 forms, you can only paper-file (not e-file) form 7704 if your original/parent form is 8612, 8613, 8725, 8831, 8876, or 706-GS(D). You can paper file form 7004 extension directly at the IRS counter or mail your form to the IRS.
Please note that you can e-file form 7004 for only one original tax form by checking the appropriate option. If you apply form 7004 business tax extension for more than one original tax form, you must file form 7004 separately for each original form.
E-file business tax extension form 7004 online at ExtensionTax.com!
ExtensionTax.com is an IRS-approved modernized income tax extension forms online e-filing service provider. We provide convenient business income tax extension form 7004 online applications directly to the IRS for the automatic six-month extension period. You can e-file form 7004 directly to the IRS at $14.99 per file at extensiontax.com and get the approval instantly to enjoy your tax extension time.