How to eFile IRS Form 7004

 

If you cannot file your Federal business income tax return by the deadline (March 15th or April 15th depending on the type of business entity), you can apply for an automatic 6-month extension of time to file. Submit IRS Form 7004 (Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns) by the original filing deadline and have until September 15 to prepare your taxes.

At TaxExtension.com, it only takes a few minutes to extend your filing deadline. Our team of tax professionals and product experts has designed an easy-to-use online application that guides you through the process of submitting Form 7004 to the IRS online. Here’s how you can get your business tax extension online with us:

First, Provide Your Information

In order to file a tax extension, the IRS requires that you provide certain information about your business — including the business name, address, and identifying number (either an Employer Identification Number (EIN) or Social Security Number). In fact, you don’t even have to worry about digging up prior year tax returns or other complicated tax forms. All of your data is protected by our first-rate security technology and shared only with the IRS.

Next, Calculate Your Tax (C Corps only)

When you request an extension, you must provide an estimate of your total tax liability (if any) for the year. Many of our business customers simply assume a similar tax situation to the previous year, and multiply their annual profits by last year’s tax rate to get an estimate of their current year tax liability. You must also report refundable tax credits as well as any estimated tax payments the business made for the tax year. If you owe tax, you can make a payment right here via Electronic Funds Withdrawal (EFW) directly from your business bank account, which will help you avoid IRS late fees and interest charges. Remember that S corps and Multi-Member LLC's are pass through entities meaning the entity itself has no tax liability and any tax liability flows directly to the underlying shareholders or LLC members. 

Lastly, Submit Your Application

Click “Submit” to eFile Form 7004, and you’re done! We will send your extension application (and tax payment) directly to the IRS. You can even login to our system and check the status of your tax extension any time of day. As soon as the IRS approves your extension, we send you a confirmation email — something you don’t get if you file a paper tax extension.

In the rare case that your tax extension is denied, we will help determine why — and, after fixing any errors, you can re-submit your extension for free. Note that nearly all tax extension rejections are because of a Tax-ID number that doesn’t match IRS records (usually due to typos or a change in filing information not on record with the IRS). As long as your information is entered correctly and you file on time, you should have no problem getting approved — which is why it’s called an “automatic extension.”

As an authorized IRS e-file provider, TaxExtension.com protects your information with the latest privacy technology and daily security scans. This allows our customers to e-file and pay online knowing that their data is kept private.

If you have any questions, our dedicated support team is standing by.

Let us help take the stress out of tax season — get your business tax extension online today!