Tax Extension 2022 For Llc

Requesting a Tax Filing Extension with Form 7004

Automatic Extension for Corporate Returns

Form 7004 provides a streamlined method for requesting an automatic 6-month extension of time to file various corporate tax returns, including Form 1120 (Corporate Income Tax Return), Form 1120-S (S Corporation Income Tax Return), and Form 1065 (Partnership Return of Income).

Filing Options and Deadline

Businesses can file Form 7004 by mail or online. The deadline to file for an extension is the same as the original filing deadline. This means that:

• Corporations due to file by April 15th have until April 15th to request an extension.
• Partnerships and S corporations due to file by March 15th have until March 15th to request an extension.

Other Tax Returns and Extensions

While Form 7004 is specifically designed for corporate tax returns, there are other forms businesses may need to use to request extensions for different types of returns. For instance, Form 4868 is used to apply for an automatic extension of time to file a personal income tax return (Form 1040).

It's essential to note that an extension of time to file does not grant an extension of time to pay any taxes owed. Tax payments must still be made by the original filing deadline.

For more information on tax filing extensions and specific requirements, visit the official IRS website.