How to File an Extension for an S Corp

By Thomas King

An S corp, sometimes called an S corporation or a pass-through entity, is a business entity, such as a corporation or an LLC, that elects to be taxed under Subchapter S of the Internal Revenue Code. In general, this election allows the business to avoid being taxed at the corporate level. Nevertheless, an S corp must still file a tax return, Form 1120S. If necessary, you can file for a six-month extension of time to file.

An S corp, sometimes called an S corporation or a pass-through entity, is a business entity, such as a corporation or an LLC, that elects to be taxed under Subchapter S of the Internal Revenue Code. In general, this election allows the business to avoid being taxed at the corporate level. Nevertheless, an S corp must still file a tax return, Form 1120S. If necessary, you can file for a six-month extension of time to file.

Step 1

Navigate to the Internal Revenue Service website, and enter "forms and publications" in the search box. Select the result titled "Forms and Publications."

Get a free, confidential bankruptcy evaluation. Learn More

Step 2

Type "7004" into the search box. Select the result titled "Form 7004."

Step 3

Fill out your name and contact information at the top of the form.

Step 4

Type "25" in Part II, Section 1B, where it asks for the form code. This code indicates that you are asking for an extension to file your form 1120S. Do not check the boxes in Part II, Section 2 or 3.

Step 5

Fill out the remaining tax information in Part III. As an S corp, your "tentative total tax" is likely "0." Note that you should not check the box in Part III, as your S corporation does not qualify under Regulations section 1.6081-5.

Step 6

File Form 7004 by the regular due date of the tax return. The form can be filed electronically through the IRS e-file service or by sending the form to the appropriate Internal Revenue Service Center.

Get a free, confidential bankruptcy evaluation. Learn More
How to Apply for a Tax Extension for an S Corporation

References

Resources

Related articles

How to Change My Last Name in My Citizenship Papers

You need to change your last name on your U.S. citizenship certificate if you have a new last name due to marriage, divorce or a court order. Your certificate is necessary for both legal and identification purposes. If the name on your certificate doesn't match the name on your other legal papers, it will create confusion each time you present your certificate. You may correct your name by contacting U.S. Citizenship and Immigration Services and applying for a replacement certificate.

How to Form an S Corp in Colorado

When you form a business, if you’d prefer that its shareholders pay taxes on its income at their personal tax rates, you can elect to create an S corporation. An S corp also allows your shareholders to benefit tax-wise from the company’s losses. Losses and income “pass through” to your shareholders, essentially absolving the corporation itself from taxation. Forming an S corporation can be a lengthy and complicated process, and errors during formation may negatively impact your business in the future. An attorney or online legal service can help you with the entire process and make sure it is done correctly.

How to Incorporate as a 501(c)(6)

Section 501(c)(6) of the Internal Revenue Code provides a federal tax exemption for business leagues, chambers of commerce and other professional leagues that are not organized for profit. In order to fall under this exemption, your organization's mission must be to promote the common interest of the organization, and not benefit any particular member. If this describes your organization, there are a number of steps that must be completed to acquire 501(c)(6) status.

Related articles

How to File for an S Corp in Tennessee

Most corporations are taxed twice. First at the corporate level and then at the shareholder level. An S corporation -- ...

How to File a Tax Return for an LLC

LLCs borrow tax forms from sole proprietorships and partnerships rather than using their own specialized forms. ...

How to Incorporate in Nebraska

Most states have integrated Internet use with new business registration by providing resources on a state website that ...

How to See if Your Logo Has Been Trademarked

Trademarks are words, names, symbols, or devices used to identify or distinguish the goods or services of one party ...

Browse by category