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

There are still a few more hours to extend you business tax returns!

The deadline to file business income tax returns has arrived! 

As you may know, many types of businesses operating on a calendar tax year must file their income tax returns by midnight tonight. Most common among these are partnerships filing Form 1065 and S-corporations filing Form 1120-S

If meeting this deadline today feels virtually impossible for your business, don’t worry, it’s not too late to file a Form 7004 extension. 

Filing an Extension is a Better Option

First of all, it helps you avoid filing in a rush. When there is very less time left to file, you may have to prepare your business tax returns in a rush, and it may induce inaccuracies in your returns. 

Second, you won’t have to worry about the potential late filing penalties. Instead of missing the deadline and accumulating late filing fees, it’s always a better option to file Form 7004  with the IRS. As long as you file accurately and before the deadline of the tax return, this provides 6 additional months to complete the return without penalty. 

Plus, this extension is automatic, meaning the IRS doesn’t require you to provide any reason for requesting additional time to file your business tax returns.

Information Required to Request Business Tax Extension

Here is the information you will need to file Form 7004:

  • Your business type (S-corporation, partnership, etc.)
  • Your basic business information, such as Name, EIN, and Address 
  • The start and end date of your tax year
  • The tax form for which you are requesting an extension
  • Your estimated tax payment, if any

For a line-by-line guide to filing Form 7004, check out our Form 7004 instructions.

Completing the Payment of Taxes Due

As you may know, the extension applies only to tax filing, and the deadline to pay taxes due (if any) is still the same. 

If there are business taxes due for the 2022 tax year, you must pay them before the end of today, even if you file an extension.

Remember, failing to make tax payments within the original deadline will result in unwanted penalties as well.

Get Started with ExpressExtension and E-file Form 7004 Today!

It’s never too late to file your business tax extension when ExpressExtension is here for you! The IRS-authorized e-file provider offers you an easy and quicker means of e-filing Form 7004

Not only do we offer a fast and easy filing process, but we also offer Express Guarantee. This means we guarantee your IRS approval or your money back! If your extension is rejected as a duplicate filing, you will receive an automatic refund of your filing fee. 

On the other hand, if the rejection is for any other reason, you can easily correct and retransmit your form at no additional cost. 

With ExpressExtension, you can submit your tax payment via Electronic Funds Withdrawal (EFW) or the Electronic Federal Tax Payment System (EFTPS). Both are secure and ensure that your payment is submitted directly to the IRS along with your extension. 

Today is also the deadline to file business tax returns with certain states. And, ExpressExtension allows you to complete and download state tax extension forms for certain states easily.

For the ultimate stress-free filing experience, avoid IRS penalties today by filing Form 7004 with ExpressExtension.

Add a Comment

Your email address will not be published. Required fields are marked *