Table of Contents
- Part I - Automatic Extension for C Corporations With Tax Years Ending December 31
- Part II - Automatic Extension for Certain Estates and Trusts
- Part lll - Automatic Extension for Entities Not Using Part I, II, or IV
- Part lV - Automatic Extension for C Corporations With Tax Years Ending June 30
- Part V - All Filers Must Complete This Part
If you are applying for an automatic 6-month extension for a calendar year C corporation with a tax year ending
December 31, enter the appropriate Form Code in the boxes on line 1a to indicate the type of return for which you are requesting an extension. If you make a Form Code entry on line 1a, do not complete Part II, III, or IV.
If you are applying for an automatic 5-1/2-month extension for certain estates or trusts, enter the appropriate Form Code in the boxes on line 1b to indicate the type of return for which you are requesting an extension. If you make a Form Code entry on line 1b, do not complete Part I, III, or IV.
If you are applying for an automatic 6-month extension for a return listed in Part III, enter the appropriate Form Code in the boxes on line 1c to indicate the type of return for which you are requesting an extension. If you are a calendar year C corporation or a C corporation with a tax year ending June 30, do not complete Part lll. Instead, complete Part I or Part IV, whichever applies.
If an association is electing to file Form 1120-H, U.S. Income Tax Return for Homeowners Association, it should file for an extension on Form 7004 using the original form type assigned to the entity. See the Instructions for Form 1120-H.
If you are applying for an automatic 7-month extension for a C corporation with a tax year ending June 30, (a 6-month extension if filing Form 1120-POL), enter the appropriate Form Code in the boxes on line 1d to indicate the type of return for which you are requesting an extension. If you make a Form Code entry on line 1d, do not complete Part I, II, or III.
A corporation with a short tax year ending anytime in June is treated as if the short tax year ended on June 30.
Check the box on line 2 if you are requesting an extension of time to file for a foreign corporation that does not have an office or place of business in the United States. The entity must file Form 7004 by the due date of the return (the 15th day of the 6th month following the close of the tax year) to request an extension.
This is applicable to corporations only.
Only the common parent of a consolidated group can request an extension of time to file the group's consolidated return.
Attach a list of all members of the consolidated group showing the name, address, and EIN for each member of the group. If you file a paper return, you must provide this information using the following format: 8.5 x 11, 20 lb. white paper, 12 point font in Courier, Arial, or Times New Roman; black ink; one sided printing, and at least ½ inch margin. Information is to be presented in a two column format, with the left column containing affiliates' names and addresses, and the right column containing the TIN with ½ inch between the columns. There should be two blank lines between listed affiliates.
Generally, all members of a consolidated group must use the same taxable year as the common parent corporation. If, however, a particular member of a consolidated group is required to file a separate income tax return for a short period and seeks an extension of time to file the return, that member must file a separate Form 7004 for that period. See Regulations section 1.1502-76 for details.
Failure to list members of the affiliated group on an attachment may result in the group's inability to elect to file a consolidated return. However, see Regulations sections 301.9100-1 through 301.9100-3 for information about extensions of time for making elections.
Certain foreign and domestic corporations and certain partnerships (as described below) are entitled to an automatic extension of time to file and pay under Regulations section 1.6081-5. These entities do not need to file Form 7004 to take this automatic extension and must file (or request an additional extension of time to file) and pay any balance due by the 15th day of the 6th month following the close of the tax year.
Partnerships that keep their books and records outside the United States and Puerto Rico;
A foreign corporation that maintains an office or place of business in the United States;
A domestic corporation that transacts its business and keeps its books and records of account outside the United States and Puerto Rico; or
A domestic corporation whose principal income is from sources within the possessions of the United States.
Attach a statement to the entity’s tax return stating that the entity qualifies for the extension to file and pay. If the entity is unable to file its return on or before the 15th day of the 6th month following the close of the tax year, check the box on line 4 of Form 7004 to request an additional extension of time to file (not an extension of time to pay). The additional extension period is 3 months for partnerships and S corporations and 4 months for C corporations and filers of Form 1120-POL.
If you do not use a calendar year, complete the lines showing the beginning and ending dates for the tax year.
Check the applicable box on line 5b for the reason for the short tax year.
If the box for “Change in accounting period” is checked, the entity must have applied for approval to change its tax year unless certain conditions have been met. For more information, see Form 1128, Application To Adopt, Change, or Retain a Tax Year, and Pub. 538, Accounting Periods and Methods.
If you have a short tax year and none of the reasons listed apply, check the box for “Other” and attach a statement explaining the reason for the short tax year. Clearly explain the circumstances that caused the short tax year.
If Form 7004 is filed for a return covering a short tax year ending in June, see the instructions for Part IV.
Enter the total tax, including any nonrefundable credits, the entity expects to owe for the tax year. See the specific instructions for the applicable return to estimate the amount of the tentative tax. If you expect this amount to be zero, enter -0-.
Enter the total payments and refundable credits. For more information about “write-in” payments and credits, see the instructions for the applicable return.
Form 7004 does not extend the time to pay tax. If the entity is a corporation or affiliated group of corporations filing a consolidated return, the corporation must remit the amount of the unpaid tax liability shown on line 8 on or before the due date of the return.
Most entities must use electronic funds transfer to make all federal tax deposits, including deposits for corporate income taxes. Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). To get more information about EFTPS or to enroll in EFTPS, visit www.eftps.gov or call 1-800-555-4477.
If the entity does not want to use EFTPS, it can arrange for its tax professional, financial institution, payroll service, or other trusted third party to make deposits on its behalf.
If you file Form 7004 electronically, you can pay by Electronic Funds Withdrawal (EFW). See Form 8878-A, IRS e-file Electronic Funds Withdrawal Authorization for Form 7004. If the corporation expects to have a net operating loss carryback, the corporation can reduce the amount to be deposited to the extent of the overpayment resulting from the carryback, provided all other prior year tax liabilities have been fully paid and Form 1138, Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback, is filed with Form 7004.
Foreign corporations that maintain an office or place of business in the United States should pay their tax as described above.
Foreign corporations that do not maintain an office or place of business in the United States, see the instructions for the corporation's applicable tax return (Form 1120-F or Form 1120-FSC) for information on depositing any tax due.
A trust (Form 1041), electing large partnership (Form 1065-B), or REMIC (Form 1066) will be granted an extension even if it cannot pay the full amount shown on line 8. But it should pay as much as it can to limit the amount of penalties and interest it will owe.
If you are requesting an extension of time to file Form 1042, see the deposit rules in the Instructions for Form 1042 to determine how payment must be made.
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