FORM 7004

Form 7004 is the form used to file 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. If you are not ready with your business income tax return documents, and looking forward for an extra time to get them place, form 7004 can save you from heavy penalties and interest.

Depending upon the business you own, you can request an extension of time to file your business income tax. However, before filing an extension you need to calculate your dues (if you have any) and e-file the same while filing an extension. Otherwise, IRS would not validate your extension.

When to File

Generally, Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns can be found here for the applicable return.

File a separate Form 7004 for each return for which you are requesting an extension of time to file. This extension will apply only to the specific return identified by its line number.

Example: A taxpayer who needs to file Forms 7004 for multiple form types may submit the Forms 7004 electronically. For example, taxpayers submitting one Form 7004 with "Type of Return Code" 31 for the Form 8804 and another Form 7004 with "Type of Return Code" 09 for the Form 1065 may file the Forms electronically. But the taxpayer may submit only one Form 7004 for each form type. So if the taxpayer files two Forms 7004 for “Type of Return Code” 09, the second Form 7004 will reject as a duplicate.

Extension of Time

The IRS will no longer send a notification that your extension has been approved. However we will notify you when we have an acknowledgement received back from IRS. Properly filing Form 7004 will automatically give you the maximum extension allowed from the due date of your return to file the return.

Termination of extension period.

The IRS may terminate the automatic extension at any time by mailing a notice of termination to the entity or person that requested the extension. The notice will be mailed at least 10 days before the termination date given in the notice.

Payment of Tax

Form 7004 does not extend the time to pay any tax due.

Caution: Speed Breakers Ahead

Generally, a penalty is charged if a return is filed after the due date (including extensions) unless you can show reasonable cause for not filing on time. Generally, a penalty of ½ of 1% of any tax not paid by the due date is charged for each month or part of a month that the tax remains unpaid. The penalty cannot exceed 25% of the amount due. The penalty will not be charged if you can show reasonable cause for not paying on time. Interest is charged on any tax not paid by the regular due date of the return from the due date until the tax is paid. It will be charged even if you have been granted an extension or have shown reasonable cause for not paying on time.

Following Are The Forms That Will Serve You With 5 and a Half Months, 6 Months And 7 Months Extension Respectively:

Tax Form 7004 Extensions

Automatic 5-1/2-month extension:

Form # Due Date to File Extension Description
Form 1041 (Estate other than a bankruptcy estate) For calendar year trust and estate, file by 18th April 2017 with schedule K-1. For fiscal year trusts and estates file by the 18th day of the fourth month after the close of tax year U.S. Income Tax Return for Estates and Trusts
Form 1041 (trust) For calendar year trust and estate, file by 18th April 2017 with schedule K-1. For fiscal year trusts and estates file by the 18th day of the fourth month after the close of tax year U.S. Income Tax Return for Estates and Trusts

Automatic 6-month extension:

Form # Due Date to File Extension Description
Form 1120 15th March 2017 falls as deadline to file an extension for Form 1120 U.S. Corporation Income Tax Return
Form 1120-C The 15th day of the ninth month following the close of tax year provided requirements in section 6072(d) are met before filing. If not file by 15th day of the third month following the close of tax year U.S. Income Tax Return for Cooperative Associations
Form 1120-F If the foreign corporation has an office in USA file by March'15 2017. If the foreign corporation has no office in USA then file by June'15 2017. U.S. Income Tax Return of a Foreign Corporation
Form 1120-FSC 15th March 2017 falls as deadline to file an extension for Form 1120-FSC U.S. Income Tax Return of a Foreign Sales Corporation
Form 1120-H 15th March 2017 falls as deadline to file an extension for Form 1120-H U.S. Income Tax Return for Homeowners Associations
Form 1120-L 15th March 2017 falls as deadline to file an extension for Form 1120-L U.S. Life Insurance Company Income Tax Return
Form 1120-ND 15th March 2017 falls as deadline to file an extension for Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons
Form 1120-ND (Section 4951 taxes) 15th March 2017 falls as deadline to file an extension for Form 1120-ND (Under Section 4951 taxes) Return of a Trustee or Self Sealer who owes tax under 4951
Form 1120-PC 15th March 2017 falls as deadline to file an extension for Form 1120-PC U.S. Property and Casualty Insurance Company Income Tax Return
Form 1120-POL 15th March 2017 falls as deadline to file an extension for Form 1120-POL U.S. Income Tax Return for Certain Political Organizations
Form 1120-REIT 15th March 2017 falls as deadline to file an extension for Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts
Form 1120-RIC 15th March 2017 falls as deadline to file an extension for Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies
Form 1120-SF 15th March 2017 falls as deadline to file an extension for Form 1120-SF U.S. Income Tax Return for Settlement Funds (Under Section 468B)
Form 706-GS (D) * April 18th 2017 will be last day to file extension for Form 706-gs (D). The Form will not support E-File. Generation-Skipping Transfer Tax Return for Distributions
Form 706-GS (T) April 18th 2017 will be last day to file extension for Form 706-gs (T) Generation-Skipping Transfer Tax Return for Terminations
Form 1041 (bankruptcy estate only) April 18th 2017 will be last day to file extension for Form 1041 (bankruptcy estate only) U.S. Income Tax Return for Estates and Trusts
Form 1041-N April 18th 2017 will be last day to file extension for Form 1041-N U.S. Income Tax Return for Electing Alaska Native Settlement Trusts
Form 1041-QFT April 18th 2017 will be last day to file extension for Form 1041-QFT U.S. Income Tax Return for Qualified Funeral Trusts
Form 1042 By 15th March 2017 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
Form 1065 March 15th 2017 will be last day to file extension for Form 1065 U.S. Return of Partnership Income
Form 1065-B April 18th 2017 will be last day to file extension for Form 1065-B U.S. Return of Income for Electing Large Partnerships
Form 1066 April 18th 2017 will be last day to file extension for Form 1066 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return
Form 1120 15th March 2017 falls as deadline to file an extension for Form 1120 U.S. Corporation Income Tax Return
Form 1120-C The 15th day of the ninth month following the close of tax year provided requirements in section 6072(d) are met before filing. If not file by 15th day of the third month following the close of tax year U.S. Income Tax Return for Cooperative Associations
Form 1120-F If the foreign corporation has an office in USA file by March'15 2017. If the foreign corporation has no office in USA then file by June'15 2017. U.S. Income Tax Return of a Foreign Corporation
Form 1120-FSC 15th March 2017 falls as deadline to file an extension for Form 1120-FSC U.S. Income Tax Return of a Foreign Sales Corporation
Form 1120-H 15th March 2017 falls as deadline to file an extension for Form 1120-H U.S. Income Tax Return for Homeowners Associations
Form 1120-L 15th March 2017 falls as deadline to file an extension for Form 1120-L U.S. Life Insurance Company Income Tax Return
Form 1120-ND 15th March 2017 falls as deadline to file an extension for Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons
Form 1120-ND (Section 4951 taxes) 15th March 2017 falls as deadline to file an extension for Form 1120-ND (Under Section 4951 taxes) Return of a Trustee or Self Sealer who owes tax under 4951
Form 1120-PC 15th March 2017 falls as deadline to file an extension for Form 1120-PC U.S. Property and Casualty Insurance Company Income Tax Return
Form 1120-POL 15th March 2017 falls as deadline to file an extension for Form 1120-POL U.S. Income Tax Return for Certain Political Organizations
Form 1120-REIT 15th March 2017 falls as deadline to file an extension for Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts
Form 1120-RIC 15th March 2017 falls as deadline to file an extension for Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies
Form 1120S 15th March 2017 falls as deadline to file an extension for Form 1120S U.S. Income Tax Return for an S Corporation
Form 1120-SF 15th March 2017 falls as deadline to file an extension for Form 1120-SF U.S. Income Tax Return for Settlement Funds (Under Section 468B)
Form 3520-A 15th March 2017 falls as deadline to file an extension for Form 3520-A Annual Information Return of Foreign Trust With a U.S. Owner
Form 8612 * 15th March 2017 falls as deadline to file an extension for Form 8612. The Form will not support E-File. Return of Excise Tax on Undistributed Income of Real Estate Investment Trusts
Form 8613 * 15th March 2017 falls as deadline to file an extension for Form 8613. The Form will not support E-File. Return of Excise Tax on Undistributed Income of Regulated Investment Companies
Form 8725 * File by the 90th day following receipt of any portion of the greenmail. The Form will not support E-File. Excise Tax on Greenmail
Form 8804 Generally, file these forms on or before the 15th day of the 3rd month following the close of the partnership's tax year. For partnerships that keep their records and books of account outside the United States and Puerto Rico, the due date is the 15th day of the 6th month following the close of the partnership's tax year. If the partnership is permitted to file these forms on or before the 15th day of the 6th month Excise Tax on Greenmail
Form 8831 * April 18th 2017 will be last day to file extension for Form 8831, in which the residual interest is transferred to a disqualified organization. A pass-through entity must file and pay the tax due by the 18th day of the 4th month following the close of its tax year in which the disqualified person is a record holder. The Form will not support E-File. Excise Tax on Greenmail
Form 8876 * By 90th day following the structured settlement. The Form will not support E-File. Excise Tax on Structured Settlement Factoring Transactions
Form 8924 File by later of 30th June 2017 or 90 days following taxable transfer Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests
Form 8928 By the 18th day of the fourth month following the close of tax year Return of Certain Excise Tax under Chapter 43 of the Internal Revenue Code

* Forms Highlighted with Red can only be Paper Filed.

Automatic 7-month extension:

Form # Due Date to File Extension Description
Form 1120 15th March 2017 falls as deadline to file an extension for Form 1120 U.S. Corporation Income Tax Return
Form 1120-C The 15th day of the ninth month following the close of tax year provided requirements in section 6072(d) are met before filing. If not file by 15th day of the third month following the close of tax year U.S. Income Tax Return for Cooperative Associations
Form 1120-F If the foreign corporation has an office in USA file by March'15 2017. If the foreign corporation has no office in USA then file by June'15 2017. U.S. Income Tax Return of a Foreign Corporation
Form 1120-FSC 15th March 2017 falls as deadline to file an extension for Form 1120-FSC U.S. Income Tax Return of a Foreign Sales Corporation
Form 1120-H 15th March 2017 falls as deadline to file an extension for Form 1120-H U.S. Income Tax Return for Homeowners Associations
Form 1120-L 15th March 2017 falls as deadline to file an extension for Form 1120-L U.S. Life Insurance Company Income Tax Return
Form 1120-ND 15th March 2017 falls as deadline to file an extension for Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons
Form 1120-ND (Section 4951 taxes) 15th March 2017 falls as deadline to file an extension for Form 1120-ND (Under Section 4951 taxes) Return of a Trustee or Self Sealer who owes tax under 4951
Form 1120-PC 15th March 2017 falls as deadline to file an extension for Form 1120-PC U.S. Property and Casualty Insurance Company Income Tax Return
Form 1120-REIT 15th March 2017 falls as deadline to file an extension for Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts
Form 1120-RIC 15th March 2017 falls as deadline to file an extension for Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies
Form 1120-SF 15th March 2017 falls as deadline to file an extension for Form 1120-SF U.S. Income Tax Return for Settlement Funds (Under Section 468B)

Contact IRS for More Information

When we have limited resources to answer questions we would directing you to IRS for instant help in your tax matters.

Corporate taxpayers (Forms 1120, 1120S, 1120-F) may contact the e-help Desk at 1-866-255-0654.

Partnerships (Forms 1065, 1065-B) can contact the e-help Desk at 1-866-255-0654.

Taxpayers with account or tax law questions may call 1-800-829-4933.

Other than that for any help about the website ExtensionTax.com please reach us at 1-866-245-3918.