Listly by Jon Mack
Here is my awesome list describing all about taxes.
The Form 7004 is an Internal Revenue Service form that is described as the Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns. Though the formal name of this special form my sound confusing, in simpler terms, all this form does is allow for businesses, corporations, partnerships, and certain kinds of trusts, to file an extension that will give them more time to file their taxes.
ack in the olden days, when it came time for people to file their tax returns, they had to go to an accountant with all of their necessary documents. As time went on, things changed, and eventually with the Internet, people now had the chance to use their computers in order to file their taxes.
When it comes to filing income taxes, there are a lot of different forms to fill out, and it can be very confusing for United States citizens to fill out. One kind of form that people may need to fill out is a Federal tax tension form 7004.
Tax time is always a stressful time for people. For any number of reasons, the idea of having to deal with the Federal government can really be scary, and they will often do everything they can in order to avoid it.
A tax extension is necessary when United States citizens need more time to file their tax returns. People have until April 15th to file their taxes, but they may not be enough time to gather up all the documents they need in order to file a tax return.
Federal tax returns must be filed by April 15 of each year. Failure to pay taxes by this period of time can result in fines assessed by the IRS, and sometimes even warrant an audit, which no one wants to deal with.
The IRS Form 7004 is also known as the Form 7004- Application for Automatic Extension of Time to File Certain Business Income Tax, Information and other Returns. This form is used by businesses who are unable to file their taxes by the April 15 cut-off deadline.