File an IRS Tax Extension form 7004 for Your Business
If your business is doing well in this economy, you cannot afford to let your focus stray
from your income producing activities. This logic can be applied to distractions of many
kinds. If you put forth a considerable amount of time and effort into preparing your tax
returns for your business during this time of year, you can easily put that off for up to 6
months by filing an IRS Form 7004 for a Business Tax Extension.
Business Tax Extensions must be filed by March 15, and once they are processed by
the IRS, you will be granted an automatic 5 or 6 month tax extension depending on the
business type. The Form 7004, otherwise known as a Business Tax Extension can be
used by Multi-Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts and
Estates. Certain Partnerships, Trusts, and Estates are only able to apply for a 5 month
tax extension; this is determined by which tax form they would be filing for their return.
Business Extensions are due by March 15.
Filing this form does not mean that taxes do not need to be paid for 5-6 months. Taxes
will still be due on the traditional deadline, but the tax return does not need to be
organized and submitted until the later deadline. This allows for more time to organize
all the necessary paperwork and it also gives you and your accountant more time to
make sure that you get the most out of your credits or refunds.
The best way to process this form is through www.ExpressExtension.com. Express
Extension is an IRS Authorized e-file provider. The process of filing a Tax Extension
through this program is incredibly simple and easy to understand. Instead of using
confusing tax jargon, Express Extension takes the IRS Form 7004 and breaks it down
into a series of simple questions. All you need to file this return online is basic
information about your business, as well as your Tax-ID / EIN (Employee Identification
Express Extension can also be used to e-file Personal Tax Extensions with Form 4868,
and Non-Profit Tax Extensions with Form 8868. Express Extension lives up to its name
in terms of speed; once a return is submitted, it is typically accepted within minutes of
filing. If you have any questions about filing Tax Extensions, you can contact the Tax
Extension Experts from their US based Customer Support Center in Rock Hill, SC at
803-514-5155 or send an email to support@ExpressExtension.com. The live support
hours are from 8am - 6pm EST.