Online Tax Extension

By Robin Khan, 24th Jan 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/40fy-t0x/ Posted in Wikinut Business Accounting & Finance Filing taxes is one thing that everyone in the entire United States has in common. Nobody wants to receive that dreaded call from the IRS that they have done something wrong or filed something incorrect.

Getting a tax extension is something which is commonly done when businesses have not had time to file their taxes by the original due date. Typically, this is done through the filing of Tax Form 7004, a common document used in tax preparation for businesses and corporations.

Articles by Robert Fogarty Read My Articles, Learn More... Everyone has to pay income tax. For most people, this tax is taken directly out of your paycheck before you even get anything due to the way most companies work. With that being said, some people will always have to file their information manually.

IRS Form 7004 is a form that is meant to be used for businesses, corporations, trusts, and some partnerships to extend their tax deadline. This generally has three different parts, and those parts depend on the type of tax extension that the business is trying to use.

Sometimes businesses have the money to pay their taxes but they simply have not had enough time to prepare that information into a formal filing.

Written by RK The Internal Revenue Service is the group that is primarily responsible for collecting taxes in the United States. This includes both personal taxes and taxes for businesses. Both of those types of entities have to pay an income tax.