How to File a Tax Extension using IRS Form 7004
The Tax Deadline for Businesses is quickly approaching. If you need more time to organize all the documents required for a tax return, you can file for an automatic tax extension of 5-6 months by filing an IRS Form 7004. This form must be filed by the business tax deadline of March 15, 2012.
Depending on the type of business you are filing for, you may qualify for an automatic extension of 5 or 6 months. This tax form can be used by Multi-Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts and Estates. Certain Partnerships, Trusts, and Estates are only able to apply for a 5 month tax extension; this is determined by which tax form they would be filing for their return. Business Extensions are due by March 15.
The simplest option to file this Tax Extension is by using the IRS Authorized E-File provider: ExpressExtension.com. ExpressExtension makes this process much easier than the traditional paper filing process. Instead of having to flip through pages of confusing tax information that is difficult to understand, ExpressExtension organizes all of the information into a series of simple questions that are easy to understand.
Another helpful tool that ExpressExtension.com has to offer is their built-in tool that helps check for basic errors. This helps ensure that your application for a tax extension does not get rejected for a simple mistake. (ExpressExtension cannot guarantee that the application will be accepted, but it can help check for basic errors).
IRS Form 7004
All that is needed to file this form online is a basic understanding of your business, as well as a Tax-ID or EIN (Employer Identification Number). As long as your information matches what the IRS has on file, and there are no obvious errors, the application should be accepted within minutes.
The great advantage of E-Filing this form is the speed at which the return can be accepted. Once the form is submitted through Expressextension.com. It is typically accepted within minutes of filing. If you are incredibly close to the deadline, this helps ease concern of late penalties. Instead of waiting on the postal mail to deliver this form, or driving to the IRS office itself, it can be stress relieving to submit this form directly from your home or office.
One of the best parts of the entire system is that if you have questions, you can actually call a real person who speaks English. ExpressExtension and its customer support center are both based in the United States. If you have any questions, you can contact them at support@expressextension.com or 803-514-5155.
