IRS Form 7004 is used to file for an automatic extension of time to file your business tax return for a partnership, a multiple member LLC filing as a partnership, a corporation, or s-corporation.
Tax Form 7004 must be filed on or before the due date March 15th of the applicable tax return.
Part I: Automatic 5-1/2-month extension – Eligible for particular estates and trusts.
Part II: Automatic 6-month extension – Eligible for C Corporation with a tax season ending on December 31st.
Part III: Automatic 6-month extension – Eligible for Part II and IV forms whose tax year doesn't end on December 31 or June 30, as well as other forms.
Part IV: Automatic 7-month extension – Eligible for C Corporation with a tax season ending on June 30th.
Form 1120-POL– The filers are eligible for an automatic 6-month extension of time to file from the due date of the return.
Business tax extension form 7004 is due on March 15th for the 2016 tax season. But this year IRS extended due date up to March 20th, 2017 for 2016 fiscal year. Generally, a penalty is charged if a return is filed after the due date (including extensions) unless you can show reasonable cause for not filing on time. Tax payers must efile their forms before due date of tax return. Follow the below form code for the tax returns (the codes are mentioned).
The Corporation tax return due date is 15th of fourth month at the end of company’s fiscal year. If your tax year ends with December 31st, you must file taxes by March 15th. If you are filed 1120 form or Corporation taxes, you have 6 months of time to file the tax return. The tax year ends with December 31st; you would have time until October 15th to file a certain tax returns.
The S Corporation due date is March 15th, 2017. If your owner’s tax year ends with December 31st, they must file 1120-s form on 15th March 2017.
If you filed 1120-S form or S Corporation taxes, you have 6 months of time to file your tax return. If the tax year ends with December 31st, you would have filed your tax returns until October 15th.
The business tax returns for partnerships on 1065 form due date is March 15th 2017 doe 2016 tax year. You have six months of time from the extension due date to file your tax return. You would have until September 15th to file tax returns.
Apply a business tax extension to extend your filing deadline for the following business tax returns:
Note that you cannot e-file your tax extension request for certain tax forms ― including Form 8612, 8613, 8725, 8831, 8876, or 706-GS(D). To get an extension for these forms, you must mail a paper tax extension request (Form 7004) to the IRS.
You can efile your business tax return extension form online using your tax return preparation software. More information from the IRS about Form 7004.