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.
You can be personally penalized if your business fails to pay employment tax. Read the IRS definition and get more insight from the experts at H&R Block.
Learn more about letter 3219, why you received it, and how to handle an IRS notice of deficiency with help from the tax experts at H&R Block.
Do you need to file for a Georgia tax extension? Learn more from the tax experts at H&R Block.
Don't confuse the IRS and make your situation worse by filing an amended return when you shouldn't. Learn more from the tax experts at H&R Block.