E-File Your 7004 Form with the IRS
What is the IRS Form 7004?
The IRS Form 7004 is used to request 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. However, the extension of time to file doesn’t provide a payment extension for any tax amount owed. An explanation of the reason that the extension is being filed is not required. Also, IRS Form 7004 is not accepted by every state. Some states accept this extension, while others require each tax payer to file a separate state specific form.
Extension Application of Time to File Business Tax Returns
- Part I: Automatic 5-1/2-month extension – Eligible for particular estates and trusts.
- Part II: Automatic 6-month extension – Eligible for C Corporation with a tax season ending on December 31st.
- Part III: Automatic 6-month extension – Eligible for Part II and IV forms whose tax year doesn't end on December 31 or June 30, as well as other forms.
- Part IV: Automatic 7-month extension – Eligible for C Corporation with a tax season ending on June 30th.
- Form 1120-POL – The filers are eligible for an automatic 6-month extension of time to file from the due date of the return
What is the Deadline for the Form 7004?
Tax Form 7004 must be filed on or before the due date March 15th of the applicable tax return.