S-corporations, Multi Member LLC’s and Partnerships operating on the calendar year for tax purposes must file for their business tax extension by 11:59PM on the 15th day of the 3rd month following the close of their tax year (typically March 15). C Corporations must file for their business tax extension by 11:59PM on the 15th day of the 4th month following the close of their tax year (typically April 15).
Not at all! The IRS allows a few days for you to be officially approved for a tax extension. This means that you also generally have a few days after the deadline to fix any possible errors that might cause rejection.
You will generally hear back within 24 hours on the status of your business tax extension. Remember that as long as you submit your extension request before midnight on the IRS deadline, your application will be marked as submitted “on time.”
S-corporations, Multi Member LLCs and Partnerships are given an extended tax return filing deadline of 6 months (September 15 if they are operating based on the calendar year, versus the fiscal year). C Corporations are also given an extended tax deadline of 6 months from their original return due date (October 15 if they are operating based on the calendar year, versus the fiscal year).
For most business types, you will simply need your Federal Tax ID number — also called your Employer Identification Number (EIN) — to file your business tax extension (IRS Tax Form 7004). If you are requesting an extension for a single-member LLC business, you should file for a personal tax extension (IRS Tax Form 4868) and use your Social Security Number (SSN) rather than your EIN.
Yes. Since most multi-member LLCs and partnerships are required to file a separate tax return for the business, you will need to file a separate business tax extension well as a personal tax extension.
FileLater services will electronically file IRS Tax Form 7004 for your business income tax extension. This will give you a 5- or 6-month extension for partnerships, multi-member LLCs, corporations, estates, trusts, and more. Our user-friendly application will help you choose the proper business entity type. Here is a list of the IRS business tax forms that FileLater can help you extend:
If you are self-employed as a sole proprietor (filing Schedule C of Form 1040), an independent contractor (Form 1099), or a single-member LLC, you only need to use FileLater’s personal extension service to file IRS Form 4868, which will extend both your personal and business tax filing deadlines. If you have another business type, such as an S-Corporation, you will need to extend that business deadline using FileLater’s business tax extension service and filing IRS Form 7004.
Single-member LLCs only need to file for a personal tax extension (IRS Tax Form 4868), which will extend both their personal and business tax filing deadline. This is because your type of LLC (limited liability company) is considered a “pass-through entity” for income tax purposes, meaning that your business tax return is included as part of your Form 1040 personal return (on Schedule C).
Yes. FileLater’s business tax extension product includes IRS extensions for estates, trusts, and other entity types. You will file the same extension form (IRS Tax Form 7004) as other businesses, but should indicate that your tax extension is for a trust, estate, or other entity. The FileLater system allows you to select your specific type of business entity as part of the online application process.