How and When to File an Extension on Business Taxes

The Montana partnership pass-through entity tax return is due March 15. Montana automatically grants a six-month extension to file your partnership or S corporation pass-through entity tax return, giving you until Sept. 15. Minnesota gives you an automatic seven-month extension with a timely filed federal extension, giving you until Nov. 15 to file your state corporation tax return.

• While partnerships need to file their extension by March 15, C corporations have until April 15 for their extension requests.
• If you pay more tax than you owe, you will be able to reclaim it as a tax refund.
• Sole proprietorships, whose business income is reported on their personal tax return (Form 1040), use a different extension form.
• Extension payments can be paid online at the Minnesota Department of Revenue website.

If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Nebraska Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Missouri Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Comptroller of Maryland website or schedule a consult with a tax expert on your LegalZoom account. Maine no longer requires partnerships to file a partnership return with the state.

File Your Business Tax Extension Before the 2025 Deadline

Tax payments can be made electronically via the IRS Electronic Federal Tax Payment System (EFTPS) or using Direct Pay on the IRS website. The CBDT ascribed the extension to the extensive changes implemented in the notified ITRs, citing the time needed for system readiness and the rollout of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025–26. The Indian Supercross Racing League (ISRL) has implemented a new ‘Rider Retention’ system for Season 2, allowing teams to keep a select number of riders from their previous roster.

Why do you need a business tax extension?

If you are concerned one of these situations may apply to your partnership, you can find filing and payment information on the Montana Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. S corporations are pass-through entities at the federal level, so most do not have any estimated taxes due at the state level either. Extension payments can be made online at the Mississippi TAP account website.

What happens after filing?

Extension payments can be made online at the West Virginia Tax Division website. Extension payments can be made online at the Utah Taxpayer Access Point website. Extension payments can be made online at the Ohio Department of Taxation website. Extension payments can be made online at the North Dakota Taxpayer Access Point website. Extension payments can be made online at the North Carolina DOR e-services website. Extension payments can be made online at the New Mexico Taxpayer Access Point (TAP) website.

The IRS grants most extensions automatically, but errors, missed deadlines, or unpaid taxes can put your request at risk. If your extension is denied, you must file your tax return immediately to avoid a 5% late filing penalty per month. Filing a corporate tax extension using Form 7004 can provide valuable time to finalize tax filings without incurring late filing penalties. However, businesses must still estimate and pay any owed taxes by April 15, 2025, to avoid interest and penalties. Early-stage technology companies, in particular, should take advantage of this extension to optimize tax positions and ensure compliance. These taxpayers now have until Feb. 2, 2026, to file various federal individual and business tax returns and make tax payments.

• Estimated corporate tax payments can be made online at the Oklahoma Taxpayer Access Point website.
• The dates above assume your business entity is a calendar-year taxpayer.
• Fortunately, the IRS provides a solution in the form of Form 7004, the Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.
• South Carolina accepts your timely filed federal extension for your S corporation income tax return, giving you until Sept. 15 to file only if there is no tax due.
• If you received a notification from us that we have filed a federal extension for your S corporation return, there is nothing else you need to do for an extension.
• Instead, Ohio assesses the Commercial Activity Tax (CAT) on all business entities doing business in the state.

Helpful IRS Links

However, if you do so, Internal Revenue Code sections 6001, 6011(a), 6081, and 6109 require you to provide the information requested on this form, including identification numbers. Failure to provide the information may delay or prevent processing your application; providing any false information may subject you to penalties. Form 7004 typically grants an additional 5 or 6 months to finalize and submit specific business tax returns. New York requires corporations to file New York Form CT-5 by April 15 to obtain a six-month extension to file their 2024 corporation franchise tax return until Oct. 15. Your corporation can apply for an extension on the New York Department of Taxation and Finance website. Illinois gives you an automatic seven-month extension, giving you until Nov. 15 to file your Illinois corporate income tax return.

Sole proprietorships, partnerships, S corporations, and C corporations are all eligible to request an extension of time to file their federal income tax returns. Businesses must still estimate their tax liability and pay any amount due by the original deadline to avoid penalties. IRS Form 7004 is an application for an automatic six-month extension to file certain business income tax, information, and other returns.

Michigan no longer requires S corporations to file a S corporation return with the state, so no extension is required. If you are concerned one of these situations may apply to your partnership, you can find filing and payment requirements on the Comptroller how and when to file an extension on business taxes of Maryland website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations may apply to your partnership, you can find filing and payment requirements on the Kentucky Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. Extension payments can be made online at the Kansas Tax Payment Portal.

Extension Application Forms and Filing Online

For example, if your S corporation is a calendar-year taxpayer with a December 31 year end, you need to file a 2024 tax return or extension by March 17, 2025. The IRS only grants further extensions in truly exceptional circumstances, like for businesses located in federally declared disaster areas or for owners serving in a combat zone. For everyone else, that six-month window is your last chance to finalize the books and submit an accurate return. The penalty is typically 5% of your unpaid taxes for each month your return is late, and it can add up to a staggering 25% of your total tax bill. But don’t pop the champagne just yet, because you’re only halfway there. One of the most common and costly mistakes I see business owners make is assuming their federal extension automatically takes care of their state tax obligations.

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If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Kentucky Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Kansas Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Iowa Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account. If you are concerned one of these situations applies to your S corporation, you can find filing and payment requirements on the Indiana Department of Revenue website or schedule a consult with a tax expert on your LegalZoom account.