Forms 1120-S and 1065 are due Today! Extend your deadline in minutes by filing Form 7004.

Businesses racing against the clock to meet today’s IRS tax return deadlines for Form 1065 (partnerships) and Form 1120-S (S-Corporations) have a crucial task at hand. However, with ExpressExtension’s assistance, they can navigate this challenge seamlessly.

If your business is in a last-minute bind, filing an extension is a great option that allows you to postpone today’s deadline without incurring unwanted late-filing penalties from the IRS. 

Here is your crunch-time guide to file 7004 online with the IRS to request an extension!

What is Form 7004? 

Form 7004, known as the “Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns,” allows businesses to automatically extend certain IRS filing deadlines. 

Form 7004 presents a valuable solution by automatically extending filing deadlines by up to 6 months, enabling businesses to meticulously finalize their tax returns and avoid potential penalties. Concerning the term “automatic,” it’s important to note that the IRS doesn’t require justification or explanation for the extension request. 

As long as Form 7004 is accurately filed on time, the request will most likely be approved. However, failure to submit Form 7004 today risks rejection by the IRS due to ineligibility. Keep in mind, that if your business’s return’s original filing deadline is today, March 15th, this is your final opportunity to request an extension.

What information is required on Form 7004? 

IRS Form 7004 is a straightforward form that only requires basic information. Here is what you’ll need to get started:

• Your business type (S-corporation, partnership, etc.)
• Your basic business information like your name EIN, and address (remember, for approval, this information must match what the IRS has on file)
• Which tax form you are requesting an extension for
• The start and end date of your tax year, do you operate on a calendar year?
• Your estimated tax payment (if any)

Making Tax Payments: What You Need to Know

E-filing form 7004 with the IRS grants extra time for completing your tax return, but it doesn’t apply to your tax payment, which is still due today to avoid late fees. Did you know that ExpressExtension offers a convenient way to make your tax payment while filing your extension?

 While not mandatory during the e-filing process, you can opt to make a payment using our user-friendly and efficient payment options. Choose between Electronic Funds Withdrawal (EFW) or the Electronic Federal Tax Payment System (EFTPS) to securely submit your payment directly to the IRS alongside your extension.

Get Started with ExpressExtension (Now!)

Ready to begin E-file 7004 with ExpressExtension? Our platform not only provides a quick and seamless filing process but also comes with our Express Guarantee. 

This means we ensure your IRS approval or offer a full refund! In case of rejection due to duplicate filing, you’ll receive your money back. If rejected for any other reason, you can effortlessly correct and retransmit your form at no extra charge.

Don’t let IRS penalties stress you out – file Form 7004 with ExpressExtension today for a smooth experience.