Requesting a Tax-Filing Extension: A Guide to Form 7004
Automatic Extensions for Business Income Tax
Business entities seeking an extension to file certain business income tax returns can utilize Form 7004, "Application for Automatic Extension of Time To File Certain Business Income Tax Information and Other Returns."
Who Can File Form 7004?
Form 7004 is available to the following business entities:
- Corporations
- Partnerships
- Estates
- Trusts
- Real Estate Mortgage Investment Conduits (REMICs)
- Non-resident aliens
- U.S. citizens and residents living outside the United States
How to E-File Form 7004
Form 7004 can be conveniently e-filed through the Internal Revenue Service (IRS)'s Modernized e-File (MeF) system. To e-file Form 7004, taxpayers can engage with authorized electronic return originators (EROs) or use professional tax preparation software.
Restrictions and Deadlines
When utilizing Form 7004, it's important to note the following restrictions and deadlines:
- The extension granted by Form 7004 only extends the filing deadline, not the payment deadline. Business entities must still pay any applicable taxes owed by the original filing deadline.
- The automatic extension granted by Form 7004 is typically six (6) months from the original filing deadline.
- Form 7004 must be filed by the original filing deadline for the applicable return. Late-filed Form 7004 applications will not be accepted.
Additional Resources
For additional information and guidance on Form 7004 and tax-filing extensions, individuals and businesses are encouraged to consult the following resources:
- IRS Form 7004: About Form 7004
- IRS E-File Providers: All E-File Providers
- IRS Free File: Do Your Federal Taxes for Free
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