IRS Extends Federal Income Tax Filing Deadline April 15 to July 15 2020

Amid the pandemic, there is a little relief for the taxpayers of the United States of America as the Internal Revenue Services (IRS) and the Treasury Department have announced a business extension in the tax filing. And also, payment relied upon tot the businesses and individuals due to the outbreak of COVID -19. The deadline to file business tax returns, income tax returns and extensions are extended to July 15th from April 15th. But the individuals who...

Due Dates for Business Tax Returns and Extensions

Form 7004 which is otherwise known as an Application for Automation Time Extension for filing Business Income tax return and other related returns. Filing this business tax extension application (Form 7004) online is made simple and quick by e-filing Form 7004 with an IRS Authorized tax service provider like Tax2efile.com. IRS Form 7004 Extension for Business Tax Returns Generally, Form 7004 consists of three main sections and the extension time provided by submitting the form to the...

Press Release: Business Owners to E-file Form 7004 to Get 6-Month Extension

Are you waiting to file your business tax without penalties, then E-file an IRS form 7004 and get a 6-month automatic extension for your business taxes. The deadline is approaching to file a form 7004 extension on March 15, 2020. If the due date falls on a Saturday, Sunday and any pubic holidays then file on the next business day. Get more information about form 7004. https://prmwire.com/press-releases/469C86F9-Business-Owners-Have-Until-March-15-2020-to-E-File-Form-7004-Says-Tax2efilecom Are you waiting to file your business tax without penalties,...

IRS Deadlines for Business Tax Forms & Payments in 2019

The tax due dates will vary based on the type of the business entity. Partnerships, Corporations and sole proprietorships usually have different IRS deadlines to file the tax returns. Keep updated with the due dates for mailing out the information forms and to pay the estimated quarterly taxes. Find the below list of important IRS due dates for businesses for the year 2018 and make a note on your calendar so that you never miss any IRS...

What are the IRS Penalties Late Filing of Business Tax Returns?

Filing a 7004 business tax extension provides you 6 months of time to file your tax return (but it is 5 months for certain business entities) But when you owe the taxes, the IRS need the taxpayer to pay the tax amount by the original due date of your tax return. Typically, by 15th April and 15th March for businesses. A business tax extension provides the time that the taxpayer needs to prepare for a complete tax...

Due Dates for Filing LLC and Partnership Tax Returns in 2019

The due date for Single-member LLC returns on Schedule C is 17th April 2019 and the due date for partnership returns with Schedule K-1s is 15th March 2019. Extension for Single-member LLC’s is until 15th October 2019 filed along with personal tax return and the extension deadline for partnership is 17th September 2019. Changes in the Return Due Dates for Partnership From the 2018 tax year, which is to be filed in 2019, the partnership tax returns are filed...

Top 10 Questions about Business Tax Extensions – Answered

Some of the commonly asked questions related to business tax extension  is discussed in this article. It includes queries related to filing for businesses with no income, how the IRS approves or rejects the tax extensions, and other basic questions. Check out the questions whether your queries are answered? Do I need to file the tax return by the due date even though if I do not owe any taxes? Though you do not owe income tax,...

Changing Your LLC Tax Status to a Corporation or S Corp

There are benefits while your LLC file an election to be taxed as either an S corporation or a corporation. In this article you will find the benefits and process to file an election; and how to use the IRS 8832 Form to file for this election. When you alter the tax status of the LLC to an S corporation or a corporation, but the legal status of the LLC remains unchanged. You will still function as...

Common Business Tax Return Errors and Corrections

We always rush towards the end to submit our personal tax returns and take time until April 15th. In the hurry to submit the tax returns, we commit mistakes without our knowledge. Most of the software services avoid the common errors. From your end, it is your responsibility to double check the form and check the list of common tax return mistakes that are stated below so that you can correct the mistakes and avoid the same...

Rules for Filing a Business Tax Extension Form 7004

Both individuals and businesses are allowed to file a tax extension, which gives extra time to file their income tax return. The due dates and the rules for filing a business tax extension differ from the personal tax extensions. Based on the type of the business, the extension period differs from 5 to 7 months, which starts from the original due date of the tax return. For instance, when a business extension gets 6 months of tax...