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.

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."

Step 2

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

Get a free, confidential bankruptcy evaluation. Learn More

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 From an LLC to a Sub S Corp

Whereas an LLC, or limited liability company, is a business entity formed under state law, a subchapter S corp is a tax code designation recognized by the IRS. It is possible to change your LLC’s tax treatment to that of an S corp without converting your business to a corporation for other purposes. Alternatively, you could incorporate a new business and transfer the LLC’s assets.

How Do I Dissolve a Corporation in Delaware?

Dissolving a Delaware corporation requires filing the appropriate certificate of dissolution with the Department of State. A corporation that was engaged in business and paid more than the minimum Delaware corporate tax must file Dissolution - Section 275. If your corporation did not start business, did not issue shares or was required to pay only the minimum corporate tax, you can file a short-form certificate. The Department of State provides sample forms for each type of certificate of dissolution.

How to Start a California S Corporation

To start a corporation in California, you file a document called articles of incorporation with the Secretary of State’s office. Every California corporation starts as a C corporation – which means that it is taxed according to the provisions of Subchapter C of the Internal Revenue Code. To convert your C corporation to an S corporation, you must file the required form with the IRS requesting that your corporation be taxed under Subchapter S of the Internal Revenue Code. Both the Secretary of State and IRS provide the necessary forms and information to facilitate starting an S corporation in California.

Bankruptcy

Related articles

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 Report Income as an LLC Member

Unless the members of an LLC elect otherwise, the IRS treats an LLC as a pass-through entity for tax purposes. This ...

Can I Convert My LLC to an S-Corp When Filing My Tax Return?

The IRS applies default rules to determine how an LLC will be taxed. In general, a single-member LLC is taxed as a sole ...

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, ...

Browse by category
Ready to Begin? GET STARTED