The IRS tax Form 7004 can be used by businesses and corporations to request an automatic six-month extension of time to file business information, income tax, and other returns. With the help of the tax2efile application, you can file 7004 online and submit it to IRS. The IRS Form 7004 offers businesses an extension of time to file the information returns, which might vary from 5 to 7 months extension period after the due date of the...

The IRS Form 1120-S is used by an S-corporation to report their gains, income, losses, credits, and deductions. This form should be filed by any entity or corporation that is been elected to be an S corporation. The firm should have filed Form 2553 for election and the IRS should have accepted the election to qualify as an S corporation. The Form serves as an annual income tax return statement of the corporation, as long as it...

S Corporation is a tax status offered by the IRS to a business. It generally serves as a pass-through entity for the corporation, that passes its income and its losses through its shareholders to gain income tax benefits. Form 1120-S is used by such S corporations to file their federal tax return with the IRS every year. This form is used to report the gains, deductions, income, and losses of the business during the current tax year. ...

Entrepreneurs may be busy with so much on their plates as tax return deadlines are approaching. The IRS has started and swarming by accepting tax returns for 2020. It is a perfect time to ensure if you are aware of the deadlines approaching for tax filing.  Businesses have many categories, and hence navigating in detail and completing the tax return process is an ideal choice. Here are a few details about the business and their extension due...

Tax due dates for various Business types in 2021 S-corporation tax returns on IRS Form 1120- S:15thMarch, 2021 C-corporation tax returns on IRS Form 1120: for year-end corporations, the due date is 15th April 2021. Partnership tax returns on IRS Form 1065 along with the Schedule K-1s: 15th March 2021 Single-member LLC and Sole Proprietorship returns on the Schedule C: 15th April 2021 Tax Extension Due dates for Business Tax Returns in 2021 S-corporation tax extension due date...

Business people face some complications or battle the financial records at times. Hence, they need an extension at times to set things right. The tax deadline is approaching, and those not ready for tax filing should know about IRS form 7004. Here are a few insights about IRS form 7004 for business tax extensions.  What is IRS 7004? The IRS form 7004 helps in extending the time for filing business income tax returns. It is an application...

Amid the pandemic, there is a little relief for the taxpayers of the United States of America as the Internal Revenue Services (IRS) and the Treasury Department have announced a business extension in the tax filing. And also, payment relied upon tot the businesses and individuals due to the outbreak of COVID -19. The deadline to file business tax returns, income tax returns and extensions are extended to July 15th from April 15th. But the individuals who...