I need to know how to request extension and file an S-corporation extension — Do I need to file Form 7004?
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 May 17, 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.
Learn about Shared Responsibility Payment exemptions (Obamacare exemptions) for income tax tips from our expert tax articles at H&R Block.
A fiduciary acts on behalf of another person using Form 56, Notice Concerning Fiduciary Relationship. Learn more from the tax experts at H&R Block.
Letter 2644C notifies you that the IRS needs more time to review your information. Get the facts about this notice from the experts at H&R Block.
Learn about IRS payment plans, also called installment agreements. Get insight from H&R Block on the options you may have if you can't pay your tax bill.