Time for Extension Application for Business Income Tax Returns

Business Income Tax Extension Application Form 7004 and Form 8868:

Depending on the type of business you run, the IRS will allow for five- or six-month extension period, starting from the original due date on the tax return. So, if a business obtains a six-month extension and its original filing deadline was March 15, the new due date will be September 15.

Form 7004, is used to file application for an automatic extension of time for a Partnership, a multiple member LLC filing as a partnership, or a Corporation, or a S-Corporation. If you are not ready with your business income tax return documents, and looking forward for an extra time to get them in place, eFiling Form 7004 can save you from heavy penalties and interest.

Most companies should use Form 7004 to apply for an extension. An exception is for sole proprietors. A sole proprietor doesn’t file a business tax return — all information is reported on their personal tax return. If an extension is needed, a personal tax extension can be requested with IRS Form 4868.

Tax extensions do not give you more time to pay your taxes – it only gives you more time to file your tax return. If you owe taxes for the year, you are still expected to pay by the original due dates — often those due dates are either March 15 or April 15 (depending on your type of business). You will be charged IRS penalties and interest charges if you pay your taxes after the original due date. So, you should pay your taxes with your extension to avoid late fees. File on time.

The due date to submit your Form 7004 for your extension application is on or before the due date of your tax return. This deadline will vary depending on the type of business you run.

Form 8868 Application for Automatic Extension of Time To File an Exempt Organization Return, is for not for profits, charities, and other tax-exempt groups applying for a 6-month filing extension. An exempt organization is allowed a total extension of 6 months for a return for a tax year. Automatic 6- month can be electronically filed. However, you cannot file Form 8868 electronically if you want the additional (not automatic) 3-month extension or you are filing extension request for Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T.

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. 

Get additional time to report your business income tax returns

Are you a business tax filer and you would like to claim additional time to file your tax return? file an Extension of Time Form 7004 to push your deadline from April 15 by 6 months.

IRS Tax Form 7004 is the Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns. For tax years beginning from 2018, the extensions of time to file tax returns for partnerships, certain corporations, and trusts and estates (other than bankruptcy estates) have changed. Form 7004 and the related instructions have been modified to reflect the changes effective for the tax year 2018.

Form 7004 is the form used to file for an automatic extension of time to file your business tax return for a partnership, a multiple member LLC filing as a partnership, a corporation, or s-corporation, who are not able to file by the original due date. You need to send in a request for this automatic tax extension well within the due date. Try electronic filing for faster processing of your request and to get a quick acknowledgement.

Form 4868 is due this Monday April 15

Personal Income Tax Form 1040 is due this April 15, if you like to apply for an extension of time then April 15 is the deadline too. eFile your Form 4868 return now…!

Need more time to prepare your federal tax return? efile for an automatic extension of time and push your deadline from April 15 to October 15. Please be aware that an extension of time to file your return does not grant you any extension of time to pay your taxes.

An IRS tax extension allows you to put-off tax day for six additional months. The IRS will gladly give you this extra time to file, even if you owe taxes. As long as you apply for your tax extension on or before the original filing deadline (typically April 15th) and then file your return by October 15th, you will not be penalized.

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ExtensionTax.com is a premier efile service provider in the Tax Industry and it is the professional way to efile any extension tax returns with IRS.

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Tax Extension for Business Income Tax Return is around the corner

March 15 is just around and less time left to claim additional time to report your Federal Business Income Tax.

S corporation and partnership tax returns due

Today is the deadline to file your S corporation tax return (Form 1120-S) or Partnership return (Form 1065).

Note that S corporations and Partnerships do not pay taxes on their income. That tax is paid on the individual incomes of the shareholders or partners, respectively.

March 15 is also the deadline to file for an extension for S corp and partnership tax returns. Push your deadline by reporting Tax Extension Form 7004 by the due date. 

Why ExtensionTax.com

Extensiontax.com is an IRS authorized electronic filing  provider for all the Business Income Tax Extension requests. Do it online for faster processing of your extension tax return and get it accepted by the IRS instantly. Gives you a better online platform for the tax payers to file their extensions.

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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.

eFile your Business Income Tax Extension Form 7004 in 3 simple steps…

IRS Tax Form 7004 is the Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns. For tax years beginning from 2017, the extensions of time to file tax returns for partnerships, certain corporations, and trusts and estates (other than bankruptcy estates) have changed. Form 7004 and the related instructions have been modified to reflect the changes effective for the tax year 2017.

Form 7004 is the form used to file for an automatic extension of time to file your business tax return for a partnership, a multiple member LLC filing as a partnership, a corporation, or s-corporation, who are not able to file by the original due date. You need to send in a request for this automatic tax extension well within the due date. Try electronic filing for faster processing of your request and to get a quick acknowledgement.

Applying for a business tax extension will extend your filing deadline, check out more here.

Businesses that needs more time can request a tax extension with IRS Form 7004, due March 15, 2019 or April 15, 2019 (depending on the type of business). Business extensions are automatic, and you don’t need to provide a reason for requesting more time. Depending on the type of business, the IRS allows 5 or 6 month extension period, starting from the date the tax return was originally due. For example, if a business obtains a 6-month extension and its original filing deadline was March 15, its new filing deadline is September 15. If you are planning to e-file Form 7004 to extend your filing deadline, the fastest way to do it is e-file through www.ExtensionTax.com.

Extension of Time to report your Personal and Business Federal Income Tax Returns

When you’re not ready with your paper work or need extra time on your tax return to submit it at IRS, you could avail an extension of time to report the tax returns by filing an Tax Extension Forms…

• Form 7004 – Automatic Extension for Business Tax Returns

• Form 4868 – Application for Automatic Extension of Time to File U.S. Individual Income Tax Return

• Form 8868 – Application for Extension of Time To File an Exempt Organization Return

March 15th Deadline for Business Income Tax Reporting:

When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as an LLC or corporation.

Happy 4th of July!

Today May 15 is the last date to claim additional time to report the annual exempt organization information return with the IRS.

Use Form 8868 to request an automatic 6-month extension of time to file Form 990, 990-EZ, or 990-PF and also to apply for an additional (not automatic) 3-month extension if needed. Do not apply for both the automatic 6-month extension and the additional 3-month extension at the same time. An organization will only be allowed an extension of 6 months for a return for a tax year. Note that Form 8868 cannot be filed to extend the due date of a Form 990-N. Extending the time for filing a return does not extend the time for paying tax. To avoid interest and penalties, send the full balance due as soon as possible with Form 8868.

May 15th Due Date – Today

Form 990, 990-EZ, or 990-PF must be filed by the 15th day of the 5th month after the end of your organization’s accounting period. Thus, for a calendar year taxpayer, Form 990, 990-EZ, or 990-PF is due May 15 of the following year.

If you run a tax-exempt organization — whether you’re a director, manager, or administrator — you may want to look at requesting a Federal tax extension. Charities and non-profit organizations can apply for a tax extension using Form 8868.

Last day and few more hours left to claim extra time to report your exempt business tax returns with the IRS, use IRS tax form 8868 and push your Due Date from May 15 to November 15, 6-month automatic extension of time. At http://ExtensionTax.com, it is easy, simple, quick, fast and safe to e-File Form 8868 in 3 easy steps for just $9.99 only.

Application for Extension of Time to File an Exempt Organization Return is Due this May 15 electronically claim an extension of time at ExtensionTax.com

Use IRS Form 8868, Application for Extension of Time To File an Exempt Organization Return to claim automatic extension of time, which is now for 6-months. There is now an automatic 6-month extension of time to file instead of the previous 3-month automatic extension and subsequent request for an additional 3-month extension. The form and
instructions have been revised accordingly by the IRS.

Identifying number: For individuals who file Form 8868 must use their social security number, all others must use their federal employer identification number. Do not use both the numbers.

Electronic filing (e-file): Electronic filing can be used to request an extension of time to file an Exempt Organization Return. For Form 8870, applications for the extension of which must be sent in paper return.

Also, the trustee of a trust required to file Form 1041-A or Form 5227 must use Form 8868 to request an extension of time to file those returns. These instructions apply to such trusts unless the context clearly requires otherwise. Use this form to apply for an automatic 6-month extension of time to file an organization’s return, and submit the original form to the IRS (no copies are needed). The automatic 6-month extension will be granted if you properly complete this form, file it, and pay any balance due, by the due date for the return for which the extension applies.

You cannot use Form 8868 to extend the due date of Form 990-N. An organization will only be allowed an extension of 6 months for a return for a tax year.