Federal IRS Automatic Business Extension Instructions
Extracted from PDF file 2022-federal-form-7004-instructions.pdf, last modified December 2018
IRS Automatic Business Extension InstructionsInstructions for Form 7004 Department of the Treasury Internal Revenue Service (Rev. December 2018) Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 7004 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form7004. What’s New Address changes for filing Form 7004. The address for filing Form 7004 has changed for some entities. See Where To File, later. General Instructions Purpose of Form Use Form 7004 to request an automatic extension of time to file certain business income tax, information, and other returns. The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file Form 7004 by the due date of the return for which the extension is requested, and pay any tax that is due. Note. Do not use Form 7004 to request an automatic extension of time to file Form 1041-A. Instead, use Form 8868. When To File Generally, Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns can be found in the instructions for the applicable return. Exceptions. See the instructions for Part II, line 2, for foreign corporations with no office or place of business in the United States. See the instructions for Part II, line 4, for foreign and certain domestic corporations and for certain partnerships. How and Where To File Form 7004 can be filed electronically for most returns. However, Form 7004 cannot be filed electronically for Forms 8612, 8613, 8725, 8831, 8876, or 706-GS(D). For details on electronic filing, visit IRS.gov/efile7004. If you do not file electronically, file Form 7004 with the Internal Revenue Service Center at the applicable address for your return as shown in Where To File, later in the instructions. ! CAUTION If you file Form 7004 on paper and file your tax return electronically, your return may be processed before the extension is granted. This may result in a penalty notice. Signature. No signature is required on this form. No Blanket Requests File a separate Form 7004 for each return for which you are requesting an extension of time to file. This extension will apply only to the specific return identified on Part I, line 1. For consolidated group returns, see the instructions for Part II, line 3. Dec 04, 2018 Extension Period The IRS will no longer send a notification that your extension has been approved. We will notify you only if your request for an extension is disallowed. Properly filing Form 7004 will automatically give you the maximum extension allowed from the due date of your return to file the return. Maximum extension period. The automatic extension period for time to file is generally 6 months. Exceptions apply for certain filers of Form 1041 and for C corporations with tax years ending June 30. An estate (other than a bankruptcy estate) and a trust filing Form 1041 are eligible for an automatic 51/2-month extension of time to file. C corporations with tax years ending June 30 are eligible for an automatic 7-month extension of time to file (6-month extension if filing Form 1120-POL). See the instructions for Part II, lines 2 and 4, for exceptions for foreign corporations, certain domestic corporations, and certain partnerships with books and records outside of the United States and Puerto Rico. See the instructions for the applicable return for its due date. Note. A corporation with a short tax year ending anytime in June is treated as if the short tax year ended on June 30. Termination of extension period. The IRS may terminate the automatic extension at any time by mailing a notice of termination to the entity or person that requested the extension. The notice will be mailed at least 10 days before the termination date given in the notice. Rounding Off to Whole Dollars The entity can round off cents to whole dollars on its return and schedules. If the entity does round to whole dollars, it must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar (for example, $1.39 becomes $1 and $2.50 becomes $3). If two or more amounts must be added to figure the amount to enter on a line, include cents when adding the amounts and round off only the total. Payment of Tax ! Form 7004 does not extend the time to pay any tax due. CAUTION Generally, payment of any balance due on Part II, line 8, is required by the due date of the return for which this extension is filed. See the instructions for line 8. No checks of $100 million or more accepted. The IRS cannot accept a single check (including a cashier’s check) for amounts of $100,000,000 ($100 million) or more. If you are sending $100 million or more by check, you will need to spread the payments over two or more checks with each check made out for an amount less than $100 million. The $100 million or more amount limit does not apply to other methods of payments (such as electronic payments). Penalty for late filing of return. Generally, a penalty is charged if a return is filed after the due date (including extensions) unless you can show reasonable cause for not filing on time. Cat. No. 51607V extension on Form 7004 using the original form type assigned to the entity. See the Instructions for Form 1120-H. Penalty for late payment of tax. Generally, a penalty of 1/2 of 1% of any tax not paid by the due date is charged for each month or part of a month that the tax remains unpaid. The penalty cannot exceed 25% of the amount due. The penalty will not be charged if you can show reasonable cause for not paying on time. If a corporation is granted an extension of time to file a corporation income tax return, it will not be charged a late payment penalty if the tax shown on Part II, line 6 (or the amount of tax paid by the regular due date of the return), is at least 90% of the tax shown on the total tax line of your return, and the balance due shown on the return is paid by the extended due date. Note. The trustee of a trust required to file Form 1041-A must use Form 8868, instead of Form 7004, to request an extension of time to file. Part II — All Filers Must Complete This Part Line 2 Check the box on line 2 if you are requesting an extension of time to file for a foreign corporation that does not have an office or place of business in the United States. The entity must file Form 7004 by the due date of the return (the 15th day of the 6th month following the close of the tax year) to request an extension. Interest. Interest is charged on any tax not paid by the regular due date of the return from the due date until the tax is paid. It will be charged even if you have been granted an extension or have shown reasonable cause for not paying on time. Forms 1065 and 1066. A penalty may be assessed against the partnership or REMIC if it is required to file a return, but fails to file it on time, including extensions, or files a return that fails to show all the information required. The penalty can be waived if the entity can show reasonable cause for not filing on time. See the Instructions for Forms 1065 and 1066 for more information. Line 3 Only the common parent or agent of a consolidated group can request an extension of time to file the group's consolidated return. Attach a list of all members of the consolidated group showing the name, address, and EIN for each member of the group. If you file a paper return, you must provide this information using the following format: 8.5 x 11, 20 lb. white paper; 12 point font in Courier, Arial, or Times New Roman; black ink; one-sided printing; and at least a one-half inch margin. Information is to be presented in a two column format, with the left column containing affiliates' names and addresses, and the right column containing the EIN with one-half inch between the columns. There should be two blank lines between listed affiliates. Reasonable cause. If you receive a notice about a penalty after you file your return, send the IRS an explanation and we will determine if you meet reasonable-cause criteria. Do not attach an explanation when you file your return. Specific Instructions Name and identifying number. If your name has changed since you filed your tax return for the previous year, enter on Form 7004 your name as you entered it on the previous year's income tax return. If the name entered on Form 7004 does not match the IRS database and/or the identifying number is incorrect, you will not have a valid extension. Enter your applicable employer identification number (EIN) or social security number (SSN). Generally, all members of a consolidated group must use the same taxable year as the common parent corporation. If, however, a particular member of a consolidated group is required to file a separate income tax return for a short period and seeks an extension of time to file the return, that member must file a separate Form 7004 for that period. See Regulations section 1.1502-76 for details. Address. Include the suite, room, or other unit number after the street address. If the post office does not deliver mail to the street address and the entity has a P.O. box, show the box number instead of the street address. If the entity's address is outside the United States or its possessions or territories, enter in the space for “city, town, state, and ZIP code,” the information in the following order: city, province or state, and country. Follow the country's practice for entering the postal code. Do not abbreviate the country name. If the entity’s mailing address has changed since you filed your last return, use Form 8822, Change of Address, or Form 8822-B, Change of Address or Responsible Party—Business, to notify the IRS of the change. A new address shown on Form 7004 will not update your record. ! CAUTION Any member of either a controlled group of corporations or an affiliated group of corporations not joining in a consolidated return must file a separate Form 7004. Note. Failure to list members of the affiliated group on an attachment may result in the group's inability to elect to file a consolidated return. However, see Regulations sections 301.9100-1 through 301.9100-3 for information about extensions of time for making elections. Line 4 Certain foreign and domestic corporations and certain partnerships are entitled to an automatic extension of time to file and pay under Regulations section 1.6081-5. These entities do not need to file Form 7004 to take this automatic extension and must file (or request an additional extension of time to file) and pay any balance due by the 15th day of the 6th month following the close of the tax year. This includes: • Partnerships that keep their books and records outside the United States and Puerto Rico, • A foreign corporation that maintains an office or place of business in the United States, • A domestic corporation that transacts its business and keeps its books and records of account outside the United States and Puerto Rico, or • A domestic corporation whose principal income is from sources within the possessions of the United States. Part I — Automatic Extension for Certain Business Income Tax, Information, and Other Returns Line 1 Enter the appropriate form code in the boxes on line 1 to indicate the type of return for which you are requesting an extension. See Maximum extension period, earlier. If an association is electing to file Form 1120-H, U.S. Income Tax Return for Homeowners Association, it should file for an -2- Attach a statement to the entity’s tax return stating that the entity qualifies for the extension to file and pay. If the entity is unable to file its return on or before the 15th day of the 6th month following the close of the tax year, check the box on line 4 of Form 7004 to request an additional extension of time to file (not an extension of time to pay). The additional extension period is 3 months for partnerships and S corporations and 4 months for C corporations and filers of Form 1120-POL. place of business in the United States, see the instructions for the corporation's applicable tax return (Form 1120-F or Form 1120-FSC) for information on depositing any tax due. Line 5a If you are requesting an extension of time to file Form 1042, see the deposit rules in the Instructions for Form 1042 to determine how payment must be made. A trust (Form 1041) or REMIC (Form 1066) will be granted an extension even if it cannot pay the full amount shown on line 8. But it should pay as much as it can to limit the amount of penalties and interest it will owe. If you do not use a calendar year, complete the lines showing the beginning and ending dates for the tax year. Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. This information is needed to process your application for the requested extension of time to file. You are not required to request an extension of time to file. However, if you do so, Internal Revenue Code sections 6001, 6011(a), 6081, and 6109 require you to provide the information requested on this form, including identification numbers. Failure to provide the information may delay or prevent processing your application; providing any false information may subject you to penalties. Line 5b Check the applicable box on line 5b for the reason for the short tax year. If the box for “Change in accounting period” is checked, the entity must have applied for approval to change its tax year unless certain conditions have been met. For more information, see Form 1128, and Pub. 538, Accounting Periods and Methods. If you have a short tax year and none of the reasons listed apply, check the box for “Other” and attach a statement explaining the reason for the short tax year. Clearly explain the circumstances that caused the short tax year. If Form 7004 is filed for a return covering a short tax year ending in June, see Maximum extension period, earlier. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. However, section 6103 allows or requires the Internal Revenue Service to disclose or give such information to the Department of Justice for civil or criminal litigation, and to cities, states, the District of Columbia, and United States possessions and commonwealths for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to Federal and state agencies to enforce Federal nontax criminal laws, or to Federal law enforcement and intelligence agencies to combat terrorism. Line 6 Enter the total tax, including any nonrefundable credits, the entity expects to owe for the tax year. See the specific instructions for the applicable return to estimate the amount of the tentative tax. If you expect this amount to be zero, enter -0-. Line 7 Enter the total payments and refundable credits. For more information about “write-in” payments and credits, see the instructions for the applicable return. Line 8 Form 7004 does not extend the time to pay tax. If the entity is a corporation or affiliated group of corporations filing a consolidated return, the corporation must remit the amount of the unpaid tax liability shown on line 8 on or before the due date of the return. The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown in the instructions for their business return. The estimated burden for all other taxapyers who file this form is shown below. The estimated average time is: Most entities must use electronic funds transfer to make all federal tax deposits, including deposits for corporate income taxes. Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). To get more information about EFTPS or to enroll in EFTPS, visit EFTPS.gov or call 1-800-555-4477. Recordkeeping . . . . . . . . . . . . . . . . . . . . . Learning about the law or the form . . . . . . . . . Preparing the form . . . . . . . . . . . . . . . . . . . Copying, assembling, and sending the form to the IRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If the entity does not want to use EFTPS, it can arrange for its tax professional, financial institution, payroll service, or other trusted third party to make deposits on its behalf. See the instructions for the entity’s tax return. If you file Form 7004 electronically, you can pay by Electronic Funds Withdrawal (EFW). See Form 8878-A. If the corporation expects to have a net operating loss carryback, the corporation can reduce the amount to be deposited to the extent of the overpayment resulting from the carryback, provided all other prior year tax liabilities have been fully paid and Form 1138 is filed with Form 7004. . . . 3 hr., 35 min. 1 hr., 3 min. 2 hr., 6 min. . . . 16 min. . . . . . . If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. You can send us comments from IRS.gov/FormComments. Or you can write to the Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the tax form to this address. Instead, see Where To File, below. Foreign corporations that maintain an office or place of business in the United States should pay their tax as described above. Foreign corporations that do not maintain an office or -3- Where To File IF the form is . . . AND the settler is (or was at death) . . . THEN file Form 7004 at: 706-GS(D) & 706-GS(T) A resident U.S. citizen, resident alien, nonresident U.S. citizen, or alien Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999-0019 IF the form is . . . AND your principal business, office, or agency is located in . . . THEN file Form 7004 at: Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999-0019 Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0045 A foreign country or U.S. possession Internal Revenue Service Center P.O. Box 409101, Ogden, UT 84409 1041-QFT, 8725, 8831, 8876, 8924, 8928 Any location Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999-0019 1042, 1120-F, 1120-FSC, 3520-A, 8804 Any location 1041, 1120-H 1066, 1120-C, 1120-PC 1041-N, 1120-POL, 1120-L, 1120-ND, 1120-SF 1065, 1120, 1120-REIT, 1120-RIC, 1120S, 8612, 8613 1065, 1120, 1120-L, 1120-ND, 1120-REIT, 1120-RIC, 1120S, 1120-SF, 8612, 8613 Internal Revenue Service Center P.O. Box 409101, Ogden, UT 84409 The United States Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0045 A foreign country or U.S. possession Internal Revenue Service Center P.O. Box 409101, Ogden, UT 84409 Any location Department of the Treasury Internal Revenue Service Center Ogden, UT 84409-0045 Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming A foreign country or U.S. possession And the total assets at the end of the tax year are:, Less than $10 million $10 million or more Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999–0019 Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0045 Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0045 Internal Revenue Service Center P.O. Box 409101, Ogden, UT 84409 -4-
Instructions for Form 7004 (Rev. December 2018)
More about the Federal Form 7004 Instructions Corporate Income Tax TY 2022
This form contains instructions and filing addresses for [[Form 7004]], "Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns"
We last updated the IRS Automatic Business Extension Instructions in February 2023, so this is the latest version of Form 7004 Instructions, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 7004 Instructions directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|Publication 15||Employer's Tax Guide|
|1041 (Schedule D)||Capital Gains and Losses|
|Form 941||Employer's Quarterly Federal Tax Return|
|1040 (Schedule B)||Interest and Ordinary Dividends|
|Form 4684||Casualties and Thefts|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 7004 Instructions from the Internal Revenue Service in February 2023.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 7004 Instructions
We have a total of three past-year versions of Form 7004 Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Instructions for Form 7004 (Rev. December 2018)
Instructions for Form 7004 (Rev. December 2018)
Instructions for Form 7004 (Rev. December 2018)
While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.