Form 7004: Business Tax Extension
Form 7004 is used by businesses to request an automatic 6-month extension for filing certain business income tax returns - 1120-S, 1065, 1041, 1120, and others. Since this extension is automatic, the IRS does not require any explanation to file it.
Businesses, such as S-Corporations, C-Corporations, partnerships, limited liability companies, trusts, and estates, may require additional time to file their returns.
Over 10 million businesses need to file their business income tax returns by 2026. Give your business peace of mind by filing your extension in minutes.
Filing Deadline for Business Tax Extension - Form 7004
You must file Form 7004 on or before the original due date of your business tax return, based on your entity’s accounting period.
| Deadline | Applicable Forms |
|---|---|
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Business tax returns are due on the 15th day of the 3rd month after the end of the tax period. Need more time to file? Get a 6-month extension |
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Business tax returns are due on the 15th day of the 4th month after the end of the tax period. Need more time to file? Get a 6-month extension |
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Form 7004 cannot be filed after the original due date of the business tax return. If you miss the deadline, you may face penalties and interest for late filing.
Key Information Required for Filing Form 7004
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Basic Business Information
Name, EIN, and address of the business you’re filing for.
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Business Tax Return Type
Choose the business income tax return for which you need an extension (e.g., 1120, 1120-S, 1065, 1041).
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Tax Due Information
Specify your business’s tax period and any estimated tax due, if applicable.
Get started with TaxBandits and request an extension in minutes.
E-File Your Business Tax Extension Form 7004 with Ease
Filing Form 7004 is a straightforward and secure process. We manage everything to ensure that the IRS approves your business tax extension.
Step-by-Step Filing
Easily file your 7004 in just three steps, with real-time AI guidance and expert support whenever you need help.
Internal Audit Check
Our system checks your return for errors before submission, helping to minimize IRS rejections and ensuring a smooth filing process.
Real-Time Status Updates
Receive instant status updates from the IRS to track your extension request status and stay updated at every step.
FREE Retransmission
If the IRS rejects your Form 7004 due to errors, you can fix and retransmit it at no additional cost.
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Secure and Branded Client Portal
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Flexible Payment Options
Through our flexible payment options, you can manage filing fee payments smoothly, allowing you to focus on delivering the best service for your clients.
Upgrade your business tax extension filing with our pro features.
How to File Form 7004 Electronically with TaxBandits?
Create your free account and follow these easy steps to e-file Form 7004 with ease!
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Step 1: Complete Form 7004 information
Filing Form 7004 is simple! Enter your business information and any
tax details. -
Step 2: Select Business Income Tax Return
Choose the appropriate business income tax return for which you’re requesting an extension.
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Step 3: Review and Transmit to the IRS
Review the form data and transmit it to the IRS. Get instant IRS status updates via email or track them through your dashboard.
File your Form 7004 in minutes with TaxBandits!
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- 3-step easy filing process
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Frequently Asked Questions
What is IRS Form 7004?
IRS Form 7004 is an extension form that allows businesses to get an automatic extension of up to 6 months to file certain business income tax, information,
and other returns.
Are there any changes to Form 7004 for the 2025 Tax Year?
Yes. The IRS has released a draft version of Form 7004 for the 2025 tax year. In this draft, a new form, Form 708, has been added to Form 7004. Form 708 is used by U.S. citizens and residents to report and pay a special tax on certain gifts and inheritances.
The draft Form 7004 is not finalized and cannot be used to file for an extension. Always wait for the IRS-approved final version before submitting.
What is an electronic postmark?
An electronic postmark is a timestamp provided when you e-file your extension. It shows the exact date and time your form was received, based on your
local time zone.
- The IRS accepts an extension request if the electronic postmark is submitted on or before the deadline, treating it as though it were filed on time.
- If the electronic postmark is received after the deadline, the IRS will consider the actual date of receipt as the filing date.
What are the penalties associated with Form 7004?
Penalties for late filing or late payment of taxes can apply if you don’t file Form 7004 or pay taxes on time:
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Failure-to-File Penalty:
- 5% per month of the unpaid tax, up to a maximum of 5 months.
- If your return is more than 60 days late, a minimum penalty of $135 may apply.
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Failure-to-Pay Penalty:
- 0.5% per month of the unpaid tax, up to a maximum of 25%.
- This applies if you file your return or extension but don’t pay all taxes due on time.
Can I pay my balance tax due while filing Form 7004?
Yes, you can choose the EFW or EFTPS option to pay your balance tax due while filing an extension.
What are the advantages of e-filing Form 7004?
E-filing your Form 7004 offers several advantages over paper mailing of Form 7004:
- Faster Processing: Receive instant confirmation from the IRS that your extension is approved.
- Paperless Filing: No need to print or mail forms.
- Easy Tracking: Check the status of your extension request at any time.
- Free Retransmission: If your extension is rejected, you can fix the errors and retransmit it at no additional cost.
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Use TaxBandits to e-file your 7004, save time, and ensure accurate filing. The Smart Business Owners Choice