What is The Tax Extension 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.