Question

I need to know how to request extension and file an S-corporation extension — Do I need to file Form 7004?

Answer

You can extend filing Form 1120S when you file Form 7004. Enter Code 25 in the box on Form 7004, Line 1. You get an automatic five-month extension to file Form 1120S.

Even if you file an extension, you must still pay the tax you owe by April 15, 2021 .

After you file an extension by submitting Forms 1040 and 1120S, you’ll receive a refund for any tax you overpaid. If you underpaid, then the amount you still owe will be subject to interest and penalties.

Related Topics

Related Resources

IRS Representation

Get the facts from H&R Block about IRS representation. Your representative can interact with the IRS and advocate for you when you have a tax issue.

Amend A Tax Return: Refund Question

Learn how filing an amended tax return can impact your refund with help from the tax experts at H&R Block.

IRS Penalties

Get the facts from H&R Block about the most common IRS penalties for filing and paying late and learn how to request penalty removal if you qualify.

6 Tips to Prevent Fraud and Identity Theft for Your Kids

Worried about your kids and child identity theft? Learn how to prevent child identity theft with 6 tips from Laura Adams, the Money Girl, and H&R Block.