Important Business Deadlines and Extensions
| March 9, 2016 | business, businessowner, businesstaxextension, certifiedpublicaccountant, corporations, estates, ExpressExtension, IRS, March 15, multi-member llc, partnerships, smallbusiness, TaxDay, taxdeadline, taxes, trusts | No Comments
The deadlines for businesses are coming up really soon, and if you still need to get all your information together, you should invest in a business tax extension and receive more time to file. A filing extension is automatic – you get it simply by asking the IRS for it.
But you must file the request for an extension by the deadline you’re expected to meet for filing your return – not to mention that different types of businesses have different due dates and extension periods. Check the following to see which deadline applies to you.
Partnerships
Calendar Year Partnerships:
- Tax Deadline: March 15
- Extension Period: 6-month automatic extension to September 15
Fiscal Year Partnerships:
- Tax Deadline: 15th day of 3rd month after tax year end date
- Extension Period: 6-month automatic extension
C-Corporations
Calendar-year C-Corporations:
- Tax Deadline: April 18
- Extension Period : 5-month automatic extension to September 15
Fiscal Year C-Corporations:
- Tax Deadline: 15th day of 4th month after tax year end date
- Extension Period: 6-month automatic extension
Trusts
Calendar Year Trusts:
- Tax Deadline: April 18
- Extension Period : 5-month automatic extension to September 15
Fiscal Year Trusts:
- Tax Deadline: 15th day of 3rd month after year end
- Extension Period : 5-month automatic extension
Estates
Calendar Year Estates:
- Tax Deadline: March 15
- Extension period: 6-month automatic extension to September 15
Fiscal Year Estates:
- Tax Deadline: 15th day of 4th month after year end
- Extension Period: 6-month automatic extension
With Multi-Member LLCs and S-Corporations, the tax deadline is March 15, and the extension period is for 6 months. Each of these business types will need to complete a Form 7004 in order to file an extension – so make sure you have the correct form.
With ExpressExtension, you can have your business tax extension e-filed within minutes. If you can’t make to a computer – that’s no problem. Download our FREE Express 7004 app for iOS and Android devices, and e-file your extension anywhere just as quickly.
Our live, US-based e-filing specialists are available to answer any questions, or offer assistance regarding the e-filing process. Contact us at (803) 514-5515, Monday through Friday from 9 a.m. to 6 p.m. EST. We also offer 24/7 email support with [email protected].
