IRS Form 7004 is the Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.
IRS Form 7004 is a tax extension application for businesses, corporations, partnerships, and certain trusts. This tax form has three parts ― depending on the type of tax extension being requested, the entity must complete Part I or Part II, and everyone must complete Part III.
If you are not able to file your business income tax return by the original due date, you can request a tax extension by mailing Form 7004 to the appropriate address (see Instructions for IRS Form 7004) or you can e-file Form 7004 online.
Applying for a business tax extension will extend your filing deadline for IRS Form 1120, IRS Form 1120S, IRS Form 1065, IRS Form 1041 and many others.
Note that you cannot e-file your tax extension request for certain tax forms ― including Form 8612, 8613, 8725, 8831, 8876, or 706-GS(D). To secure an extension for these forms, you must mail a paper tax extension request (Form 7004) to the IRS.
It’s also important to remember that IRS Form 7004 does NOT extend the time for payment of any tax due, only the time for filing a return. An entity must estimate the amount of tax it will owe — and can pay none, all, or part of its estimated income tax due via EFW (electronic funds withdrawal) through FileLater's online Business Tax Extension system. Remember that S Corporations (IRS Form 1120S), Multi-Member LLC's & Partnerships (IRS Form 1065) have no tax liability themselves because the tax liability passes through to the underlying shareholders, LLC members or Partnership partners.
If you chose to eFile Form 7004 through the FileLater system and your request is rejected for any reason, you may make corrections and resubmit your tax extension at no extra charge.
FileLater supports taxpayers who are out of the country and have foreign addresses. However, there are exceptions pertaining to foreign corporations with no office or place of business within the United States, as well as certain domestic corporations and certain partnerships.