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More time to file your tax return

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.

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When to File Extension Tax Form 7004

Generally, Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns can be found here for the applicable return.

File a separate Form 7004 for each return for which you are requesting an extension of time to file. This extension will apply only to the specific return identified by its line number.

Example: A taxpayer who needs to file Forms 7004 for multiple form types may submit the Forms 7004 electronically. For example, taxpayers submitting one Form 7004 with “Type of Return Code” 31 for the Form 8804 and another Form 7004 with “Type of Return Code” 09 for the Form 1065 may file the Forms electronically. But the taxpayer may submit only one Form 7004 for each form type. So if the taxpayer files two Forms 7004 for “Type of Return Code” 09, the second Form 7004 will reject as a duplicate.

Mar 15 Due Date 7004.pngExtensionTax.com is authorized to carry out e-filing services and benefits after passing through all the validations and suitability checks required. With the accountability of fraudulent taking place in the virtual world, IRS always advices to choose one such certified provider to e-file your extension return. ExtensionTax.com is one among them. You will notice “Authorized IRS e-file Provider” logo embedded at the right corner of the application.

Extension tax is the best way to report your tax extension requests online.

IRS Tax Extension forms does not extend the time for payment of tax. Generally, payment of any balance due according to IRS is required by the due date of the return for which this extension is filed. This extension of time is just to report your tax return.

Before we let you go, it would not be fare if we do not tell you how and where to file for the above mentioned Extension. Log on to http://www.extensiontax.com, you will be able to e-file your Extension within minutes. For any more questions call 1-866-245-3918 or write to support@extensiontax.com.

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3-months extension, 5-months extension, 6-months extension, Additional Extension of Time, Extension form 7004

Filing an Extension Application for Corporate or Partnership Taxes

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. 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.

Taxes must be paid by due date

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.

Due Dates for Returns and Extension Applications

The due date for partnership and multiple-member LLC tax returns has changed, effective with 2016 tax returns and into the future. Partnership tax returns are now due on the 15th day of the third month after the end of your fiscal (financial) year. Since your partnership must end on December 31, the due date is March 15. (The old due date was April 15).

Tax return due dates vary by year. If the due date is on a weekend or holiday, the actual due date for that year is on the next business day. Extension applications for all business taxes must be filed by the tax return due date and taxes must be paid by the due date, even if an extension application is being filed. The taxes due must be estimated and the balance paid at the time the return is filed.

Corporate tax returns: Corporation tax returns are due and taxes are payable on the 15th day of the fourth month after the end of the company’s fiscal (financial) year (effective with 2016 tax returns), on Form 1120. So, a corporation with a year-end date of December 31 must file and pay taxes by April 15.

S corporation tax returns: S corporations must take a December 31 year-end to coincide with the tax return due date of the owners, so S corporation tax returns are due March 15, filed on Form 1120-S.

Partnership tax returns: Business tax returns for partnerships (including multiple-member LLC tax returns, which are considered as corporations) on Form 1065 are due March 15.

When the Extension Expires (and the Return is Due)

Corporations and S corporations have six months from the extension due date to file the tax return. So, a December 31 corporation would have until October 15 to file the appropriate tax return.

Partnerships and multiple-member LLC’s have six months from the extension due date to file the tax return. So, a partnership would have until September 15 to file the partnership tax return.

How to File Form 7004

The IRS introduced electronic filing to file your tax extension Form 7004, you can use http://ExtensionTax and eFile this extension request online. IRS would process and if everything seems to be ok, it accepts and we share you the acknowledgement instantly.

By filing your Tax Extension returns, your return could be processed faster, in no time and an acknowledgement is readily available. Online Tax Extension is smarter, simpler and faster. It is just $9.99 for a single Tax Extension return.

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Extension of Time to File Your Individual Tax Return

Need more time to prepare your federal income tax return? We’re here to support you in preparing and filing your extension of time request with IRS. We have information on how to apply for an extension of time to file.

Please be aware that an extension of time to file your return does not grant you any extension of time to pay your taxes. April 18 is the deadline for most to pay taxes owed and avoid penalty and interest charges.

With the income tax season winding down, the IRS wants to remind taxpayers how to request some extra time to file their return and the options they have to pay their tax bill.

If you need more time to file your return, you can get an automatic six-month extension of time to file from the IRS. You must file for an extension by the April 17 deadline. An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the deadline, plus you may owe penalties.

Income Tax Extension Return Continue reading

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File Extension Tax Returns online!

Form 4868 gives you an automatic six-month extension of time to file your federal income tax return. Thus, for 2015 federal income tax returns that are due on April 18, 2016 (April 19 for those in Maine and Massachusetts) (the usual April 15 deadline has been extended because of legal holidays), the six-month extension gives you until October 17, 2016 (October 15 is a Saturday). By obtaining the extension, you avoid any late-filing penalties as long as you do file by the extended due date. For the extension to be effective, you must make your request no later than the original due date of the return.

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An extension does not give the taxpayer an extension of time to pay. Those who owe taxes can make a payment when they file the extension either by mailing a check or by several electronic payment methods, such as electronic funds withdrawals from bank accounts and credit card payments.

Each time an online service provider speaks about the features they own, there is a strategy hidden. We don’t belong there. We speak what you see, what you will experience and what you will gain if you e-file with ExtensionTax.com. Existing since a decade, we know what exactly a customer would expect out of an online filing service provider and we have always been working out every possible method to add ease to your filing.

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Our online efiling service journey started with a simple online filing application with minimal efforts. We build, create, or inspire our audience to try to move along with the technology. ExtensionTax.com is developed on the strongest platform, with the best UI and add on features that will add ease to your filing session. From Error check to tax calculations, text alert to customer support, you can enjoy every service at one place, on the go.

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