How to Fill Out IRS Form 7004: Application for Automatic Extension of Time to File Business Tax Returns

Updated on February 6, 2024

At a Glance

  • Form 7004 is used to request a 6-month extension for business income, excise, and payroll tax returns.
  • The extension is for filing the tax form, not for paying any taxes owed.
  • Form 7004 must be filed by the original due date of the business tax return needing the extension.
  • Filing Form 7004 correctly can help avoid penalties and provide peace of mind during the tax season.

Form 7004 is used to request an automatic 6-month extension for additional time to file business income, excise, and payroll tax returns. The extension provides extra time to complete and file the tax form, but does not extend the due date for actually paying any taxes owed. Here is a guide on filling out and submitting Form 7004 to get a valid filing extension.

Know When You Need to File Form 7004

  • It must be filed by the original due date of the business tax return needing the extension. Common due dates are March 15th, April 15th, and September 15th depending on the return type.
  • If the due date falls on a Saturday, Sunday, or legal holiday, Form 7004 can be filed on the next business day.
  • Request separate Form 7004 extensions for each business return needing additional filing time.

How to Fill Out Form 7004

  • Start by entering filer name, Employer ID Number (EIN), address, and description of the tax form you are seeking the extension for in Part I.
  • Indicate if it is for a foreign corporation without a US office or place of business in Part II.
  • List all corporations covered in a consolidated return extension request.
  • Enter the short year beginning & end dates if not a calendar year filer.
  • Provide total expected tax and payments for the year. The form can be signed by an authorized corporate officer or partner.

Where to Mail the Completed Form 7004

The IRS provides a chart in the instructions detailing exactly where to mail Form 7004 based on:

  • Business entity type (estate, trust, REMIC, corporation, etc.)
  • Location (state or foreign country)
  • Other factors like total gross assets

See the full filing addresses here:

https://www.irs.gov/instructions/i7004#idm139664994994832

Mailing the form to the correct address prevents processing delays.

Final Thoughts

Filing Form 7004 is essential for businesses needing extra time to complete their tax returns accurately. By following the guidelines provided, you can ensure that your application for an extension is submitted correctly. Remember, while Form 7004 extends the filing deadline, it does not extend the due date for any taxes owed. Planning and submitting your form promptly can help avoid penalties and provide peace of mind during the tax season.

Frequently Asked Questions (FAQ)

What is the IRS Form 7004?

IRS Form 7004 is used to request an automatic 6-month extension for additional time to file business income, excise, and payroll tax returns.

When do I need to file Form 7004?

Form 7004 must be filed by the original due date of the business tax return that needs the extension.

Can I file Form 7004 if the due date falls on a weekend or holiday?

Yes, if the due date falls on a Saturday, Sunday, or legal holiday, Form 7004 can be filed on the next business day.

Do I need to file separate Form 7004 for each business return?

Yes, you should request separate Form 7004 extensions for each business return that requires additional filing time.

How do I fill out Form 7004?

You need to provide your filer name, Employer ID Number (EIN), address, and description of the tax form you are seeking the extension for, among other things.

Do I need to indicate if it is for a foreign corporation without a US office or place of business?

Yes, you need to indicate this in Part II of the form.

Where should I mail the completed Form 7004?

The IRS provides a chart in the instructions detailing where to mail Form 7004 based on your business entity type, location, and other factors.

Does Form 7004 extend the due date for paying my taxes?

No, Form 7004 only extends the due date for filing your tax returns, not for paying any taxes owed.

Do I need to sign the form?

Yes, the form should be signed by an authorized corporate officer or partner.

What happens if I mail the form to the wrong address?

Mailing the form to the correct address is crucial to avoid processing delays.

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Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.