Guide to Global Payroll Management - 2020 - D-162

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Guide to Global Payroll Management

Instructions for Form 7004
(Rev. December 2018)

Department of the Treasury
Internal Revenue Service

Application for Automatic Extension of Time To File Certain Business Income Tax,
Information, and Other Returns
Section references are to the Internal Revenue Code unless
otherwise noted.

Future Developments

For the latest information about developments related to Form
7004 and its instructions, such as legislation enacted after they
were published, go to IRS.gov/Form7004.

What's New

Address changes for filing Form 7004. The address for filing
Form 7004 has changed for some entities. See Where To File,
later.

General Instructions

Purpose of Form

Use Form 7004 to request an automatic extension of time to file
certain business income tax, information, and other returns. The
extension will be granted if you complete Form 7004 properly,
make a proper estimate of the tax (if applicable), file Form 7004
by the due date of the return for which the extension is
requested, and pay any tax that is due.
Note. Do not use Form 7004 to request an automatic extension
of time to file Form 1041-A. Instead, use Form 8868.

When To File

Generally, Form 7004 must be filed on or before the due date of
the applicable tax return. The due dates of the returns can be
found in the instructions for the applicable return.
Exceptions. See the instructions for Part II, line 2, for foreign
corporations with no office or place of business in the United
States. See the instructions for Part II, line 4, for foreign and
certain domestic corporations and for certain partnerships.

How and Where To File

Form 7004 can be filed electronically for most returns. However,
Form 7004 cannot be filed electronically for Forms 8612, 8613,
8725, 8831, 8876, or 706-GS(D). For details on electronic filing,
visit IRS.gov/efile7004. If you do not file electronically, file Form
7004 with the Internal Revenue Service Center at the applicable
address for your return as shown in Where To File, later in the
instructions.

!

CAUTION

If you file Form 7004 on paper and file your tax return
electronically, your return may be processed before the
extension is granted. This may result in a penalty notice.

Signature. No signature is required on this form.

No Blanket Requests

File a separate Form 7004 for each return for which you are
requesting an extension of time to file. This extension will apply
only to the specific return identified on Part I, line 1. For
consolidated group returns, see the instructions for Part II, line 3.

Dec 04, 2018

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Extension Period

The IRS will no longer send a notification that your extension has
been approved. We will notify you only if your request for an
extension is disallowed. Properly filing Form 7004 will
automatically give you the maximum extension allowed from the
due date of your return to file the return.

Maximum extension period. The automatic extension period
for time to file is generally 6 months. Exceptions apply for certain
filers of Form 1041 and for C corporations with tax years ending
June 30. An estate (other than a bankruptcy estate) and a trust
filing Form 1041 are eligible for an automatic 51/2-month
extension of time to file. C corporations with tax years ending
June 30 are eligible for an automatic 7-month extension of time
to file (6-month extension if filing Form 1120-POL). See the
instructions for Part II, lines 2 and 4, for exceptions for foreign
corporations, certain domestic corporations, and certain
partnerships with books and records outside of the United States
and Puerto Rico. See the instructions for the applicable return for
its due date.
Note. A corporation with a short tax year ending anytime in
June is treated as if the short tax year ended on June 30.

Termination of extension period. The IRS may terminate the
automatic extension at any time by mailing a notice of
termination to the entity or person that requested the extension.
The notice will be mailed at least 10 days before the termination
date given in the notice.

Rounding Off to Whole Dollars

The entity can round off cents to whole dollars on its return and
schedules. If the entity does round to whole dollars, it must
round all amounts. To round, drop amounts under 50 cents and
increase amounts from 50 to 99 cents to the next dollar (for
example, $1.39 becomes $1 and $2.50 becomes $3). If two or
more amounts must be added to figure the amount to enter on a
line, include cents when adding the amounts and round off only
the total.

Payment of Tax

!

Form 7004 does not extend the time to pay any tax due.

CAUTION

Generally, payment of any balance due on Part II, line 8, is
required by the due date of the return for which this extension is
filed. See the instructions for line 8.

No checks of $100 million or more accepted. The IRS
cannot accept a single check (including a cashier's check) for
amounts of $100,000,000 ($100 million) or more. If you are
sending $100 million or more by check, you will need to spread
the payments over two or more checks with each check made
out for an amount less than $100 million. The $100 million or
more amount limit does not apply to other methods of payments
(such as electronic payments).

Penalty for late filing of return. Generally, a penalty is
charged if a return is filed after the due date (including
extensions) unless you can show reasonable cause for not filing
on time.

Cat. No. 51607V
Guide to Global Payroll Management - 2020

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