Business Tax Extension Form 7004
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. The form 7004 must be filed within the business tax deadline of March 15, 2017
- IRS FORM 7004 (PDF LINK)
Form 7004 Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns,” Will automatically extend the filing deadline for 32 different IRS returns”.
The IRS typically grants automatic extensions of five (5) or six (6) months, depending on the return for which the extension is filed.
Automatic 5-Month Extension
Form 1065, Form 8804, Form1041 (estate), Form 1041 (trust)
Automatic 6-Month Extension
Form1041-N, Form 1041-QFT, Form1042, Form 1065-B, Form 1066, Form 1120, Form 1120-C, Form 1120-F, Form 1120-FSC, Form 1120-H, Form 1120-L, Form1120-ND, Form 1120-PC, Form 1120-PO, Form 1120-REIT, Form 1120-RIC, Form 1120S, Form 1120-SF, Form 3520-A, Form706GS(D), Form 706-GS (T), Form 8612, Form 8613, Form 8725, Form 8831, Form 8876, Form 8924, Form 8928.
Who must File Form 7004?
Depending on the type of business you are filing for, you may qualify for an automatic extension of 5 or 6 months. The form 7004 can be used by:
- Multi-Member LLCs
- Trusts and Estates
- Certain Partnerships
Trust 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.