What you need to E-File a Tax Extension for your business (IRS Form 7004)?
The IRS Form 7004 is the official document that businesses can file in order to receive an additional 5 to 6 months to file
a tax return. This form can be used by many different business types such as: Multi-Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts, and Estates.
The quickest method of filing this form is by using ExpressExtension.com. The IRS has authorized ExpressExtension as an official E-File Provider for Forms 7004, 4868, & 8868. The E-File option for this form allows businesses to easily file this form in minutes from anywhere.
All that is needed to file this form is a basic knowledge of the business as well as its official tax status. Most of this information can be found on a previous year’s tax return as long as that information has not changed. Important data such as the official business type and also the specific IRS tax return type needs to be entered in this Form. If you are unsure of this information, please check a previous return or a tax professional.
An estimation of taxes is also required. A Tax Extension only extends the amount of time to file a tax return with the IRS, not the tax payment itself. The IRS will still expect the full tax payment to be made by the traditional deadline. The tax estimation must also be accurate. The IRS may impose harsh penalties if the tax payment is significantly less than the actual amount due according to the final return.
When E-Filing this tax extension through Express Extension, there is an option to pay the estimated tax amount online through an Electronic Funds Withdrawal, or EFTPS (Electronic Federal Tax Payment System). Businesses are required to pay all of the taxes up front. The IRS will impose penalties and Interest on any business that pays less than the estimated tax amount.
ExpressExtension can also be used to file Personal Tax Extensions with Form 4868, and Non-Profit Tax Extensions with Form 8868. Express Extension lives up to its name in terms of speed; once a return is submitted, it is typically accepted within minutes of filing.
If you have any questions about filing Tax Extensions, you can contact the Tax Extension Experts from their US-based Customer Support Center at 803-514-5155 or send an email to support@ExpressExtension.com. They also offer online chat support during their live support hours from 8am – 6pm EST.
