Requesting an Extension to File Your Business Income Tax Returns
Using Form 7004
Introduction
To request an automatic six-month extension of time to file certain business income tax information and other returns, use IRS Form 7004.
Eligible Returns
Form 7004 can be used to extend the filing deadline for the following returns:
* Form 1120 (Corporation Income Tax Return) * Form 1120-S (U.S. Income Tax Return for an S Corporation) * Form 1065 (U.S. Return of Partnership Income) * Form 1041 (U.S. Income Tax Return for Estates and Trusts)Restrictions
Certain restrictions apply when using Form 7004. For example:
* The extension does not apply to the payment of taxes. * The extension cannot be used for more than one six-month period. * The extension does not apply to returns filed by individuals.E-Filing
Form 7004 can be e-filed through the Modernized e-File (MeF) system. When e-filing, taxpayers must meet specific requirements, such as using authorized e-file providers.
Conclusion
By using Form 7004, businesses can obtain an automatic six-month extension for filing certain business income tax information and other returns. It is important to note the restrictions and requirements associated with using the form. By understanding these details, businesses can ensure they meet the filing deadlines and minimize any penalties.
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