What is The Tax Extension IRS Form 7004?

Business owner filing her business tax IRS Form 7004

IRS Form 7004 is an automatic extension used to file business tax returns for partnerships, multiple member LLCs, partnerships, corporations, and s-corporations. When you file for an extension, the IRS will give you an additional six months to file your business tax returns. The deadline for e-filing a tax extension form is the same as the original IRS deadline for the income tax form. However, while the extension does not extend the time you have to pay any taxes due to the IRS.

You, the business owner are responsible for calculating the estimated tax amount before completing your tax extension form. If you are unsure of your tax amount due, we recommend contacting your CPA or other tax professional about your financial records. You can your estimated taxes while transmitting your extension form. Payments are accepted by Electronic Funds Withdrawal (EFW) using your checking or savings account information.

IRS Form 7004 Infographic and information for business owners

IRS Form 7004 extension overview and information for business owners

IRS Form 7004 business tax extension overview and infographic for small business owners

Business tax extensions IRS Form 7004 infographic for business owners

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