Business Tax Extension Form 7004
If you need more time to organize all the documents required for a business tax return, you can file for an automatic tax extension up to 7 months. You are required to file IRS Form 7004 before the business tax deadline of March 15, 2017.
- IRS FORM 7004 (PDF LINK)
The IRS Form 7004 application for an "Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns” automatically extends the filing deadline for 33 different IRS returns. The IRS typically grants automatic extensions up to 7 months depending on the business type and tax year period.
Automatic Extension for C-Corporations and Entities
If the tax year ends on December 31, you can apply for a 6-month extension.
If the tax year ends on June 30, you are eligible for a 7-month extension.
If the tax year ends on any date other than December 31 and June 30, you can file for a 6-month extension.
Form 1120, Form 1120-C, Form 1120-F, Form 1120-FSC, Form 1120-H, Form 1120-L, Form 1120-ND, Form 1120-ND (Section 4951 taxes), Form 1120-PC, Form 1120-POL, Form 1120-REIT, Form 1120-RIC, Form 1120S, Form 1120-SF
Automatic Extension for Certain Entities
The following forms they are eligible for a 6-month tax extension when filing Extension Form 7004:
Form 706-GS (D), Form 706-GS (T), Form 1041 (bankruptcy estate only), Form 1041-N, Form 1041-QFT, Form 1042, Form 1065, Form 1065-B, Form 1066, Form 3520-A, Form 8612, Form 8613, Form 8725, Form 8804, Form 8831, Form 8876, Form 8924, Form 8928
Automatic Extension for Certain Trusts and Estates
These listed forms are eligible for 5 1/2-month tax extension when filing IRS Form 7004:
Form 1041(estate other than a bankruptcy estate) Form 1041(Trust)
Who must File Form 7004?
DependingDepending on the type of business and tax year period, you may qualify for an automatic extension up to 7 months. Form 7004 is used by
- Multi-Member LLCs
- Trusts and Estates
Trust and Estates can only apply for a 5 1/2-month tax extension depending on which tax form they would be filing for their return.