^{Need more time to file your partnership tax return? Learn how to use Form 7004 to get an automatic extension for your Form 1065 filing.} 

U.S. partnerships looking to extend their tax filing deadline have just 2 days left to file Form 7004. If your business operates as a partnership and needs extra time to file its tax return, don’t wait—submit IRS Form 7004 now. 

With TaxZerone, you can file Form 7004 online in just a few minutes, ensuring a hassle-free extension process. Avoid unnecessary penalties and secure your 6-month extension today. 

Understanding Tax Filing Requirements for Partnerships 

Partnerships are pass-through entities, meaning they don’t pay income tax at the entity level. Instead, they must file an annual information return (Form 1065) to report the income, gains, losses, deductions, credits, and other information from the operation of a partnership. The IRS uses this return to track the partnership’s financial activities, and individual partners report their share of income on their personal tax returns. 

Meeting tax deadlines can be challenging, especially when waiting for financial records or dealing with complex tax matters. Fortunately, the IRS allows partnerships to file Form 7004 to get an automatic extension. 

Who Needs to File 7004 for an Extension on Form 1065? 

Partnerships that are unable to meet the March 17 filing deadline for Form 1065 can request a six-month extension by submitting a request to the IRS. This applies to: 

• General partnerships 

• Limited partnerships (LPs) 

• Limited liability partnerships (LLPs) 

• Limited liability companies (LLCs) taxed as partnerships 

Filing Form 7004 only extends the deadline to submit Form 1065—it does not extend the deadline to pay any taxes owed. Since partnerships are pass-through entities, there is generally no tax due at the entity level, but partners may still have tax obligations based on their share of earnings. 

Deadline to File Form 7004 for Form 1065 

Form 7004 must be filed by the original due date of your partnership’s tax return. For most partnerships, Form 1065 is due on March 17, 2024, for calendar-year partnerships, or the 15th day of the 3rd month following the close of the tax year for fiscal-year partnerships. 

_{Important: Filing Form 7004 by this deadline is crucial. Late extension requests are not accepted, which means your partnership would be subject to penalties if the actual return is filed after the original due date.} 

Key Deadlines for Filing Form 1065 

Tax Year	Original Form 1065 Due Date	Form 7004 Filing Deadline	Extended Form 1065 Due Date
Calendar Year	March 17, 2024	March 17, 2024	September 15, 2024
Fiscal Year	15th day of 3rd month after year-end	Same as original due date	6 months after original due date

How to Get Your Extension – Fast and Easy

Before filing 7004, ensure you have the following details: 

• Partnership’s name (Filer name) & Employer Identification Number (EIN) 

• Address as registered with the IRS 

• The applicable tax form number (Form 1065 for partnerships) 

• Tax year (calendar or fiscal year) 

• Total payments made and credits applied throughout the year 

• Any remaining balance due for the tax year 

^{Learn how to fill out Form 7004 with TaxZerone’s Click2File} 

How to Request an Extension for Form 1065 in Minutes 

The IRS allows partnerships to request an extension using this form. Here’s how to do it: 

Affordable Pricing – Just $17.99 per return 

For a quick and hassle-free e-filing experience, visit TaxZerone today. 

How Long is the Extension for Form 1065? 

• The IRS grants an automatic 6-month extension, pushing the filing deadline from March 17 to September 15 for calendar-year partnerships. 

• If the partnership follows a fiscal year, the extension applies to the 15th day of the 9th month after the fiscal year ends. 

Avoid Late Filing Penalties 

While an extension gives you extra time to file, it’s important to pay any taxes owed by the original due date to avoid penalties and interest. The IRS charges a late payment penalty of 0.5% per month on unpaid taxes, up to 25% of the total amount due. 

E-File Form 7004 Online with TaxZerone 

With just two days remaining to file Form 7004, partnerships should act fast to secure their extension. E-file today with TaxZerone for just $17.99 and gain peace of mind knowing your business tax return is covered. 

Also read: The Benefits of E-filing Form 7004: Save Time & Effort