IRS 7004

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  • Instant IRS Approval
  • Automatic extension up to 6 months
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The purpose of IRS Form 7004

IRS Form 7004 is the application used for an automatic extension of time to file certain business's income tax, Information, and other returns.

The IRS only approves Form 7004 extension requests when you:

  • Correctly fill out and complete IRS Form 7004.
  • Filed your Form 7004 to the IRS by the original deadline.
  • Make a proper estimate of the tax owed, if applicable.
  • Pay any estimated taxes that are due, if applicable.

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.

Please Note: IRS Form 7004 doesn't extend the time of payment for taxes. The IRS requires you to make any tax payments before the original deadline of your tax return. Don't let the deadline sneak up on you. E-file your extension today!

Get Extension up to 6 months using IRS Form 7004

To request an automatic extension of up to 6 months, indicate which form you're applying an extension for by entering the applicable form code on the appropriate line.

Important: Only enter one form code. If you enter your form code on one line, do not enter the form code on any other line.

Businesses with tax years ending on December 31st or July 2 are eligible for a 6 or 7-month extension, depending on when their tax year ends.

For the following forms you can only obtain a 6-month extension with Form 7004 if the tax year ends during any other period besides July 2 and December 31st:

Note: If an association is electing to file Form 1120-H, the U.S. income tax return for homeowners associations, it should file for the extension with Form 7004 using the original form type assigned to the entity.

See instructions for Form 1120-H.

The following tax returns qualify for an automatic 6-month extension with IRS Form 7004:

The following Certain Trust and Entities qualify for an automatic 5 1/2 -month extension:

What are the information does IRS Form 7004 consist of?

Part I:

Automatic Extension for Certain Business Income Tax, Information, and Other Returns.

Line 1 of Part I: Line 1 is all about the Form for which you are looking to file an extension.

You have to enter the return code for the form on line 1 to get an extension.

To know the return code for your business tax return, please visit

Note

  • Generally, the period of time for an automatic extension to file a tax return is 6 months.
  • However, some exceptions do apply for certain filers of Form 1041 and for C-corporations with tax years ending on June 30.
  • Furthermore, an estate (other than a bankruptcy estate) and a trust that file Form 1041 are eligible for an automatic 5 1/2-month extension of time to file.
  • C-corporations with tax years ending on June 30 are eligible for an automatic 7-month extension of time to file (6-month extension if filing Form 1120-POL).

Part II

All Filers must complete this part

Line 2: Needs to be checked by those who have registered their business as foreign corporation that does not have an office or place of business in the United States.

Line 3: Needs to be checked by businesses that operate as corporations and it is a common parent or agent of a consolidated group. If Line 3 is checked, you need to attach a statement listing name, address, EIN for each member.

Line 4: Needs to be checked by businesses that operate as corporation or partnership.

Line 5a: Is about the organisation’s operating tax year. The business has to enter either calendar tax year or fiscal tax year with beginning and ending date.

Line 5b: Businesses operating on Short tax year must check the appropriate option on Line 5b. (Initial return , Final return, Change in accounting period, Consolidated return to be filed, Others)

Line 6: Total tax, including any nonrefundable credits, the entity expects to owe for the tax year.

Line 7: Total payments and refundable credits.

Line 8: Enter the balance due in line 8.

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