Friday, March 1, 2013

IRS Tax Deadline for Businesses

The deadline for most Businesses to File their Tax Returns for the year is March 15th.
 Multi Member LLCs, C-Corporations, S-Corporations, Partnerships, Trusts, and Estates must file their tax returns by this time.

During this hectic time of year, it can be difficult to prepare all the necessary information for a tax return.  That is why the IRS has provided the IRS Form 7004.  The Form 7004 provides a 5-6 month tax extension to businesses needing additional time to file a tax return.  

The IRS does not require a reason to file a tax extension, nor are there any penalties for filing late if an extension is filed.  The important thing to remember though, is that a Tax Extension does not extend the amount of time to pay the tax.  Any taxes due will still be due on the traditional deadline.  A Tax Extension extends the amount of time to file a return with the IRS.  This gives additional time to prepare all the necessary paperwork and make sure that all credits or refunds are maximized and without error.  

This can be done through our sister product: ExpressExtension.com  This method includes easy to follow instructions and the Tax Extension form itself is simple to understand because they take the IRS form and break it down into a series of simple questions that are easy to answer. Once the form is complete, it can be submitted electronically to the IRS. Once the IRS has processed the 7004, an email will be sent to you to let you know that the IRS has received and accepted the Tax Extension.

If you have any questions about filing Tax Extensions, you can contact the Tax Extension Experts from their Customer Support Center at 803.514.5155 or send an email to support@ExpressExtension.com. They also offer online chat support during their live support hours from 8am - 6pm EST.



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