IRS Tax 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.
Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax Information, and Other Returns, is an Internal Revenue Service (IRS) tax form that some types of businesses need to file to request an automatic extension of time to file certain business income tax, information, and other returns.
In general, businesses such as partnerships, multiple-member LLCs filing as partnerships, corporations, and S corporations use Form 7004. It grants businesses additional six months to file tax documents to the federal tax agency.
Take note that while filing Form 7004 grants your business additional months to file returns, it does not extend payment deadlines. In addition, the IRS must receive the form on or before the due date of the applicable tax return.
You may use Form 7004 to request a six-month automatic extension of time to file any of the following forms:
Form 7004 is a single-page form that requires specific information. Make sure to answer all the items accurately and truthfully to avoid any problems with your application for an automatic extension of time to file your return.
Enter the name of your business. The business name you will enter in this item should match your name in the IRS database; otherwise, you will not have a valid extension.
Enter the Employer Identification Number (EIN) of your business or your Social Security Number (SSN).
Provide the full address of your business. Include the number, street, room or suite number, city, town, state, and ZIP code. If a foreign address, enter the city, province or state, and country.
Enter the appropriate form code in the boxes to determine the type of return for which you are applying for an extension.
The following are the form codes:
Mark the box if the organization is a foreign corporation that does not have an office or place of business in the United States.
Mark the box if the organization is a corporation and is the common parent of a group that intends to file a consolidated return.
Mark the box if the organization is a corporation or partnership that qualifies under Regulations section 1.6081-5.
Enter the applicable dates. If you do not use a calendar year, complete the lines showing the
beginning and ending dates for the tax year.
If the tax year is less than 12 months, select the reason by marking the appropriate box. You may select “Initial return,” “Final return,” “Change in accounting period,” “Consolidated return to be filed,” “other.” For “other,” review the Instructions section of Form 7004 and attach your explanation.
Enter the tentative total tax. If you expect this amount to be zero, enter “0.”
Enter the total payments and refundable credits.
Enter the balance due. To compute for it, subtract Item 7 from Item 6.
You can file Form 7004 electronically for most returns; however, it cannot be filed for Forms 8612, 8613, 8725, 8831, 8876, and 706-GS(D) by visiting IRS.gov/efile7004.
If you are not filing electronically, you may refer to the Where to File section of the Instructions of Form 7004 to know where to file, depending on the form and your location.