There are 33 different IRS returns that can have their filing deadlines extended by properly submitting extension Form 7004.
The IRS typically grants automatic extensions up to 7 months, depending on the business type and tax year. Businesses with tax years ending on December 31st or June 30th are eligible for a 6 or 7-month extension, depending on when their tax year ends.
Following are the tax filing forms that can use the IRS extension Form 7004 to extend the filing deadline up to 6-months. Exceptions apply to C corporations (1120-C) with a fiscal tax year ending June 30 are eligible for an automatic 7-month extension using Form 7004.
|Form 1120||Form 1120-C,||Form 1120-F||Form 1120-FSC||Form 1120-H||Form 1120-L||Form 1120-ND|
|Form 1120-PC||Form 1120-POL||Form 1120-REIT||Form 1120-RIC||Form 1120-S||Form 1120-SF|
The following tax returns qualify for an automatic 6-month extension with IRS 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 1120-S|
| Form 3520-A
||Form 8612||Form 8613||Form 8725|| Form 8804
|Form 8831||Form 8876||Form 8924||Form 8928
The following Certain Trust and Entities qualify for an automatic 5 1/2 -month extension:
If you are a business tax filer of 1120-S and 1065, your deadline to file a tax return to the IRS is March 15, 2021. In case you need more time to prepare and file your federal tax return, you can file form 7004 using an e-file IRS service provider like ExpressExtension and get an automatic extension of up to 6 months. The total filing process will be quick and easy.
Just follow the below steps to complete your business tax extension online:
Step 1: Enter your business details.
Step 2: Choose the Form and your business entity type.
Step 3: Enter your tax payment details.
Step 4: Review and Transmit your Form 7004 to the IRS.
Once filed, you will get instant approval from the IRS.