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What's New

For tax years beginning after 2015, the extensions of time to file tax returns for partnerships, certain corporations, and trusts and estates (other than bankruptcy estates) have changed. Form 7004 and the related instructions have been modified to reflect the changes.

General Instructions

Purpose of Form

Use Form 7004 to request an automatic extension of time to file certain business income tax, information, and other returns. The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file the form by the due date of the return to which the Form 7004 applies, and pay any tax that is due.

Automatic 5-1/2-month extension.   The estate and trust returns listed in Part II are eligible for an automatic 5-1/2 month extension of time to file from the due date of the return.

Automatic 6-month extension.   The returns listed in Part l and Part lll are eligible for an automatic 6-month extension of time to file the return from the due date of the return. However, see the instructions for Part lV and the instructions for Part V, lines 2 and 4 for exceptions.

Automatic 7-month extension.   The returns listed in Part lV, except for Form 1120-POL, are eligible for an automatic 7-month extension of time to file from the due date of the return. Form 1120-POL filers are eligible for an automatic 6-month extension of time to file.

When To File

Generally, Form 7004 must be filed on or before the due date of the applicable tax return. The due dates of the returns can be found in the instructions for the applicable return.

Exceptions.   See the instructions for Part V, line 2 for foreign corporations with no office or place of business in the United States. See the instructions for Part V, line 4, for foreign and certain domestic corporations and for certain partnerships.

How and Where To File

Form 7004 can be filed electronically for most returns. However, Form 7004 cannot be filed electronically for Forms 8612, 8613, 8725, 8831, 8876, or 706-GS(D). For details on electronic filing, visit www.irs.gov/Filing.

If you do not file electronically, file Form 7004 with the Internal Revenue Service Center at the applicable address for your return as shown in the table, Where To File, later in the instructions.

If you file Form 7004 on paper and file your tax return electronically, your return may be processed before the extension is granted. This may result in a penalty notice.

Signature.   No signature is required on this form.

No Blanket Requests

File a separate Form 7004 for each return for which you are requesting an extension of time to file. This extension will apply only to the specific return identified on lines 1a through 1d. For consolidated group returns, see the instructions for Part V, line 3.

Do not complete more than one part of Form 7004. See the instructions for lines 1a through 1d.

Extension Period

The IRS will no longer send a notification that your extension has been approved. We will notify you only if your request for an extension is disallowed. Properly filing Form 7004 will automatically give you the maximum extension allowed from the due date of your return to file the return. See the instructions for Part V, lines 2 and 4 for exceptions for foreign corporations, certain domestic corporations, and certain partnerships with their books and records outside of the United States and Puerto Rico. See the instructions for the applicable return for its due date.

Termination of extension period.   The IRS may terminate the automatic extension at any time by mailing a notice of termination to the entity or person that requested the extension. The notice will be mailed at least 10 days before the termination date given in the notice.

Rounding Off to Whole Dollars

The entity can round off cents to whole dollars on its return and schedules. If the entity does round to whole dollars, it must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar (for example, $1.39 becomes $1 and $2.50 becomes $3).

If two or more amounts must be added to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.

Payment of Tax

Form 7004 does not extend the time to pay any tax due.

Generally, payment of any balance due on Part V, line 8 is required by the due date of the return for which this extension is filed. See the instructions for line 8.

No checks of $100 million or more accepted.   The IRS cannot accept a single check (including a cashier’s check) for amounts of $100,000,000 ($100 million) or more. If you are sending $100 million or more by check, you will need to spread the payments over two or more checks with each check made out for an amount less than $100 million. The $100 million or more amount limit does not apply to other methods of payments (such as electronic payments).

Penalty for late filing of return.   Generally, a penalty is charged if a return is filed after the due date (including extensions) unless you can show reasonable cause for not filing on time.

Penalty for late payment of tax.   Generally, a penalty of ½ of 1% of any tax not paid by the due date is charged for each month or part of a month that the tax remains unpaid. The penalty cannot exceed 25% of the amount due. The penalty will not be charged if you can show reasonable cause for not paying on time.

  If a corporation is granted an extension of time to file a corporation income tax return, it will not be charged a late payment penalty if the tax shown on Part V, line 6 (or the amount of tax paid by the regular due date of the return) is at least 90% of the tax shown on the total tax line of your return, and the balance due shown on the return is paid by the extended due date.

Interest.   Interest is charged on any tax not paid by the regular due date of the return from the due date until the tax is paid. It will be charged even if you have been granted an extension or have shown reasonable cause for not paying on time.

Forms 1065, 1065-B, and 1066.   A penalty may be assessed against the partnership or REMIC if it is required to file a return, but fails to file it on time, including extensions, or files a return that fails to show all the information required. The penalty can be waived if the entity can show reasonable cause for not filing on time. See the Instructions for Forms 1065, 1065-B, or 1066 for more information.

Reasonable cause.   If you receive a notice about a penalty after you file your return, send the IRS an explanation and we will determine if you meet reasonable-cause criteria. Do not attach an explanation when you file your return.


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