ETAX7004BLOG

What are the IRS Penalties Late Filing of Business Tax Returns?

Filing a 7004 business tax extension provides you 6 months of time to file your tax return (but it is 5 months for certain business entities) But when you owe the taxes, the IRS need the taxpayer to pay the tax amount by the original due date of your tax return. Typically, by 15th April and 15th March for businesses. A business tax extension provides the time that the taxpayer needs to prepare for a complete tax...