The IRS Form 7004 tax extension is titled "Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns". http://www.expressextension.com/business_tax_extensions/efile_7004/

1. Business Tax Extension Form 7004
When the March 15th deadline approaches for you to file your Business Income Taxes, don’t you wish there was a pause
button to stop the deadline for a just a little bit longer? Well, my tax filing friend there isn’t a pause button, but there is a tax
extension that exists that will do basically the same thing.
Business Tax Extension Form 7004 is your solution to extend you filing deadline. Form 7004 will grant you an automatic 5 or
6 month extension (depending on your business type) to file your business income taxes. This form can be used by C-
Corporations, Multi-Member LLCs, S-Corporations, Trusts, Estates, and Partnerships. Certain Partnerships, Trusts, and
Estates can only apply for a 5 month extension
How & Where to File form 7004 with Express Extension?
E-filing IRS Form 7004 is actually very simple. You first want to go to ExpressExtension.com and create an account with
your basic business information, an email address, and a username/password of your choosing. Then you will select the
extension form you want to e-file and enter in the needed information. Helpful prompts will guide you through the entire
process in just a few minutes.
When you reach the final step, you will be able to review the information you entered and we run a diagnostic check to
make sure no required information is missing. Once transmitted to the IRS, you will receive notification that your form has
been sent successfully and a digital receipt. As soon as your Form 7004 has been accepted by the IRS, your deadline is
automatically extended 5 to 6 months.
What is the information required to file form 7004?
You only need a few pieces of basic information to e-file IRS form 7004 . If you are used to e-filing business tax returns, then
this will be a breeze. You will need to enter the following information on your Form 7004: business name, address, Tax-
ID/EIN, and estimated total of income tax payment for the filing year (if applicable).
Payment of Tax
Penalty for late filing of return:
The IRS names this penalty the Failure-To-File Penalty. You receive this penalty when you do not file by the deadline. The
Failure-To-File penalty is generally 5% of the unpaid taxes for each month or part of the month it is late, up to 25% of your
unpaid tax. If the return is more than 60 days late, the minimum penalty is $135, or 100% of the unpaid tax (whichever is
smaller).
Penalty for late payment of tax:
The second penalty you may incur when filing past the deadline is the Penalty for Late Payment of Tax. Generally there is a
penalty of ½ to 1% of your unpaid taxes for each month or part of the month after the due date that your taxes are not paid,
up to 25% of your unpaid taxes. NOTE: If there is no tax balance due (or you qualify for a refund) there will be no penalty for
late filing.

2. What is the due date for filing my business tax extension?
Your deadline to e-file Business Tax Extension Form 7004 is March 15th.
What are the advantages for E-filing form 7004?
E-filing your Business Tax Extension Form 7004 us quick and easy with ExpressExtension.com
ExpressExtension is an Authorized IRS E-File Provider, which means we have worked closely with the IRS to provide the
safest and most secure program available. Our entire e-filing process is streamlined to allow you to quickly enter information
and transmit your return to the IRS in minutes.
Once your return has been transmitted and accepted by the IRS, ExpressExtension will send you instant notification that
your deadline has been extended. And you will be able to view, print, or email your extension form. If your return is rejected
for any reason you will be able to correct information and re-transmit for free. ExpressExtension takes the hassle and
guesswork out of how to e-file with the IRS.
Personal Tax Extension form 4868
If you have ever been caught off guard by the April 15th Personal Tax Deadline, then a tax extension is going to be your life
saver this year. IRS Form 4868 – Application for Automatic Extension of Time to File U.S. Individual Income Tax Return – is
used to extend the filing deadline of Forms 1040, 1040A, 1040EZ, 1040NR, 1040NR-EZ, 1040-PR or 1040-SS. If you are
not familiar with tax extensions, they are not complicated or difficult to complete and transmit.
In fact they are really simple. The great thing about an automatic tax extension, like Form 4868, is that there is no
requirement of explanation to why you need a deadline extension. You simply transmit the form to the IRS, through
ExpressExtension, and once your return has been accepted by the IRS, your deadline is extended up to 6 months. Do know
that Form 4868 only extends your time to file, not your time to pay any taxes owed.