I need to file an extension for my LLC. Do I need to file a business tax extension or a personal tax extension form?
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Last modified 3/14/2023 2:26:28 AM EST |
Added by ExpressExtension Team
Applicable To
7004
4868
8868
8809
It depends on what type of LLC you have.
- File business tax extension Form 7004 if you are a Multi-member LLC classified as a “partnership” or “corporation.”
By filing Form 7004, you will get six extra months to file your return.
- On the other hand, file a personal tax extension Form 4868 if you are a single-member LLC classified as a "disregarded entity (Sole Proprietorship).”
This means your activities are reported on your individual income tax returns (Form 1040). Filing extension Form 4868 will cover yourself and your business, which gives you an additional six-month period to file your return.