It’s high time for all businesses to file for an extension before the deadline to stay away from the last moment stress in relocating the tax documents. By applying for an extension, you can take your own time and relax yourself in preparing the tax report related to your business income during the year. Despite of the pain and gain experienced by business owners, tax should be filed and paid on time. You are left only with seven days to file for an automatic Extension.
Use of Extension Form 7004
Form 7004 is to file for an automatic extension for your business income tax return. By filing this, IRS will offer you additional time i.e. 5 or 6 months depending upon your actual form type. If you are new for filing business taxes, then the term extension would be really new to you and you can learn more by reading this blog.
Before you start applying for an extension, you need to possess an Employee Identification Number and be ready with all information related to your business.
How to Apply For 7004 Extension?
Best way to file for an Extension is filing it online via ExtensionTax.com. Fill in your business details, answer simple questions regarding your business income and add in your payment information if you owe any taxes and submit the return electronically to the IRS. IRS will acknowledge your extension within minutes. Be aware that, this extension filing doesn’t mean that you remain free from paying taxes; you have to pay your taxes for your business on or before the due date.
Form types eligible for an automatic 5-month extension
| Form1065 | Automatic 5-month extension |
| Form 8804 | Automatic 5-month extension |
| Form 1041(estate) | Automatic 5-month extension |
| Form 1041(trust) | Automatic 5-month extension |
Form Type eligible for an automatic 6-month extension
| Form706-GS (D) | Automatic 6-month extension |
| Form 1042 | Automatic 6-month extension |
| Form 1120-C | Automatic 6-month extension |
| Form 1120-L | Automatic 6-month extension |
| Form 1120-POL | Automatic 6-month extension |
| Form 1120-SF | Automatic 6-month extension |
| Form 8725 | Automatic 6-month extension |
| Form 8928 | Automatic 6-month extension |
| Form 706-GS (T) | Automatic 6-month extension |
| Form 1065-B | Automatic 6-month extension |
| Form 1120-F | Automatic 6-month extension |
| Form 1120-ND | Automatic 6-month extension |
| Form 1120-REIT | Automatic 6-month extension |
| Form 3520-A | Automatic 6-month extension |
| Form 8831 | Automatic 6-month extension |
| Form 1041-N | Automatic 6-month extension |
| Form 1066 | Automatic 6-month extension |
| Form 1120-FSC | Automatic 6-month extension |
| Form 1120-ND (section 4951 taxes) | Automatic 6-month extension |
| Form 1120-RIC | Automatic 6-month extension |
| Form 8612 | Automatic 6-month extension |
| Form 8876 | Automatic 6-month extension |
| Form 1041-QFT | Automatic 6-month extension |
| Form 1120 | Automatic 6-month extension |
| Form 1120-H | Automatic 6-month extension |
| Form 1120-PC | Automatic 6-month extension |
| Form 1120-S | Automatic 6-month extension |
| Form 8613 | Automatic 6-month extension |
| Form 8924 | Automatic 6-month extension |
To view the due dates for these forms click here .
Looking to file for an automatic extension for your business, just click on Tax7004.com. You can apply for an extension with ease as; we provide extraordinary services in making your filing process easier and flexible, enabling our audience to save their time and money in reaching the IRS office in extending time for filing the return.
If you have any queries or comments on filing for an extension, feel free to call us on 1-866-245-3918 or you can also drop us an email to support@extensiontax.com.