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 April 18, 2022 .
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.
Have you set up an IRS electronic funds transfer to pay your taxes and want to change the amount? Find out what you can do with help from H&R Block.
The IRS discovered a possible error on your return. Learn more about notice CP21A and how to handle it with help from the tax experts at H&R Block.
Learn about IRS delinquent tax returns and how to fix the issue. Read the IRS definition and get more insight from the experts at H&R Block.
In some cases, the IRS may propose changes to your tax return. Read the IRS definition and get more insight from the experts at H&R Block.