What is Form 7004?
It's the IRS' form for business tax extensions, officially called "Form 7004: Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns." It's used to request an automatic extension of time--usually five to six months--to file your taxes. Form 7004 does not extend the time for payment of tax.
Why file Form 7004?
Use Form 7004 to request an automatic extension of time--usually five to six months--to file your taxes. Form 7004 does not extend the time for payment of tax. The payment of any balance due on line 8 of Form 7004 is required by the due date of the return.
When to file Form 7004?
That depends on the tax return. Corporations operating on a normal calendar year for tax purposes must file for their tax extension by 11:59 p.m. on March 16. Partnerships, LLCs and sole proprietorships must file by 11:459 p.m. on April 15.
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