{"id":1220,"date":"2020-03-11T07:12:24","date_gmt":"2020-03-11T07:12:24","guid":{"rendered":"https:\/\/www.tax2efile.com\/blog\/?p=1220"},"modified":"2020-07-15T16:17:26","modified_gmt":"2020-07-15T16:17:26","slug":"due-dates-for-returns-and-extensions-for-business-taxes","status":"publish","type":"post","link":"https:\/\/www.tax2efile.com\/blog\/due-dates-for-returns-and-extensions-for-business-taxes\/","title":{"rendered":"Due Dates for Business Tax Returns and Extensions"},"content":{"rendered":"<p><span style=\"font-size: 12pt;\">Form 7004 <span style=\"font-weight: 400;\">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 <a href=\"https:\/\/www.tax2efile.com\/efile-7004-form\">Form 7004<\/a> with an IRS Authorized tax service provider like Tax2efile.com.<\/span><\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/due-dates-for-returns-and-extensions-for-business-taxes\/#IRS_Form_7004_Extension_for_Business_Tax_Returns\" >IRS Form 7004 Extension for Business Tax Returns<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/due-dates-for-returns-and-extensions-for-business-taxes\/#Some_Basic_Information_in_Filling_Form_7004\" >Some Basic Information in Filling Form 7004<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/due-dates-for-returns-and-extensions-for-business-taxes\/#How_to_Complete_Form_7004\" >How to Complete Form 7004?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/due-dates-for-returns-and-extensions-for-business-taxes\/#How_to_File_Form_7004\" >How to File Form 7004?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\r\n<h2><span class=\"ez-toc-section\" id=\"IRS_Form_7004_Extension_for_Business_Tax_Returns\"><\/span><span style=\"font-size: 18pt;\">IRS Form 7004 Extension for Business Tax Returns<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Generally, Form 7004 consists of three main sections and the extension time provided by submitting the form to the IRS is 6 months of the <a href=\"https:\/\/www.tax2efile.com\/efile-7004-form\/business-tax-extension\">business extension<\/a> period. In order to get your application approved by the IRS, you need to submit the Form 7004 before the actual due date, which is 15th March for every business. But, this due date varies for certain companies like C Corporations, for which the deadline is <\/span><span style=\"font-weight: 400;\">15th April.<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">The applied extension is only applicable for filing the business tax return and it is not the extension for paying the tax return to the IRS. All the tax dues must be paid before the actual deadline.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Some_Basic_Information_in_Filling_Form_7004\"><\/span><span style=\"font-size: 14pt;\">Some Basic Information in Filling Form 7004<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Provide the business name on the IRS 7004 Form as you entered in the previous tax year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">When the business name in the Form 7004 does not match with the IRS database, then the Form may get rejected.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Provide appropriate Employer Identification Number, business address, or Social Security Number (SSN).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">If any of the Identification Number is incorrect or mismatch, then the IRS rejects the application.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">When there is a change in the business mailing address, the tax filer needs to update the same in Form 7004 and also in IRS 8822, Change of Address Form.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Include Name, Tax id number and address of the business without fail<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Provide the tax return code for preparing the tax.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Code 25 for S Corporation (Form 1120 S), code 09 for a partnership (Form 1065), and code 12 for the corporation (Form 1120).<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Complete_Form_7004\"><\/span><span style=\"font-size: 14pt;\">How to Complete Form 7004?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">The Form 7004 checks whether the business you own qualifies under Regulations section 1.6081-5. This section is related to domestic and foreign corporations that transact business outside the U.S. Else when the domestic corporations receive the principal income outside the U.S. possessions.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Indicate the Form whether it is a <\/span><i><span style=\"font-weight: 400;\">Short tax year<\/span><\/i><span style=\"font-weight: 400;\"> and enable the box with the reason for a short year.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Provide a <\/span><i><span style=\"font-weight: 400;\">tentative total tax. <\/span><\/i><span style=\"font-weight: 400;\">\u00a0This tax amount is the tax returns due to the business for the particular tax year. Give the total amount of payments and credits that are applicable to the business account and reduce that payment from the provided tentative total tax.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-size: 12pt;\">Give the balance due amount, which can be paid through credit or debit card that you use for your business.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"How_to_File_Form_7004\"><\/span><span style=\"font-size: 12pt;\">How to File Form 7004?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">The IRS has prepared a chart to show the taxpayers where to file the Form 7004.based on the tax return and business location. Find <\/span><a href=\"https:\/\/account.tax2efile.com\/Account\/Registration\/?from=Tax2efile#!\"><span style=\"font-weight: 400;\">where to file the Form 7004.<\/span><\/a><\/span><span style=\"font-weight: 400;\"><span style=\"font-size: 12pt;\"> When you are in need of a tax preparer, you can avail the assistance of Tax2efile to e-file the tax extension application.<\/span> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108,146],"tags":[],"class_list":["post-1220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-file-7004","category-6-month-extension"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/1220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/comments?post=1220"}],"version-history":[{"count":0,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/1220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media\/1150"}],"wp:attachment":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media?parent=1220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/categories?post=1220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/tags?post=1220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}