Form 1120-S Extension: Extend your S-Corporate Tax Filing Deadline

Businesses that find difficult to gather the required information to complete their S-corporate tax return 1120-S before the due date may request an extension using Form 7004.

Filing Form 7004 will provide an additional 6-months of time to file Form 1120-S with the IRS. This extension has to be filed by the same day the actual 1120-S return is due. The IRS grants an automatic extension to the businesses that files 1120-S Extension using Form 7004. Any taxes due must be paid along with the extension, else the IRS will impose penalty and interest for the taxes due.

Form 1120-S Tax Extension Due Date

The due date for filing S Corporation taxes is March 15th, 2024 for the businesses operating on the Calendar tax year.

If you have filed the Form 7004, the S Corp Tax Extension form, you have 6 months of time in filing your 1120-S returns. So, if your tax year ends on Dec 31st, 2023 then your deadline for filing your tax return will be October 15th, 2024.

Visit https://www.expressextension.com/
form7004extension/s-corp-tax-form-1120s-extension/
to know more about S Corp Tax Extension Form.

Filing Form 1120-S Extension Online

Businesses operating as S-corporate can file Form 7004 with the IRS either paper or Electronically. However, the IRS Recommends e-filing of 1120-S Extension for quick processing and instant approval. File 1120-S Extension online to save your time and avoid the paperwork. You can always keep a copy of your records online and access it whenever required. Also, Filing your 1120-S Extension online ensures the on-time filing with the IRS when you are filing extension at the last moment.

Get Started with an IRS Authorized e-file provider like 7004.co, who helps you e-file corporate tax extension Form 7004 easily & quickly with the IRS. With the user-friendly interface, and the helpful guides, you can complete your extension in minutes.

Steps to e-File S-Corporation Tax Form 1120-S Extension

7004.co helps you e-file Form 7004 electronically to the IRS in minutes. Just make sure that you have all your required information related to tax dues to make the filing process swift and hassle-free.

Business deatils
Add Business details
Enter the basic business details like EIN, Address, & Primary Contact.
form and add tax payment datils
Choose your Form & Add Tax Payment Details
Select Form 1120-S and add your balance tax due.
review and transmit to IRS
Review & transmit to the IRS
Once you have made the payment, then you can transmit your Form 7004 to the IRS.

Late Filing Penalties for 1120S

If the S Corporation fails to file 1120S by the due date or by the extended due date using S-Corporation Tax Extension 7004 form, then IRS will impose a small penalty. This penalty will be $195 for each month or a part of the month when the return was late multiplied by the number of shareholders.

Helpful Resources

Form 7004?

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Form 7004 Instructions

Form 7004 Instructions

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Form 7004 Mailing Address

Form 7004 Mailing Address

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State Business Tax Extension

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S Corporation Tax Extension

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Partnership Tax Extension

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