You know what today is, right? Yes, the Ides of March–and the US tax filing deadline for partnerships and S-Corporations. If your entity isn’t ready to file, download Form 7004 (the extension request) and mail it using certified mail today. The deadline is a postmark deadline so it doesn’t matter when your extension is received–but you need to maintain proof of filing. Better yet, efile your extension and you don’t have to stand in line at the Post Office. (You can also send your extension via an IRS authorized private delivery service. Beware, not all offerings are authorized and it does matter.)
Most states piggyback onto the federal extension, but not all of them. New York, for example, requires a separate extension to be filed.
If you’re in most of California, you have an automatic extension until October 16th and you don’t have to send in an extension.
Tags: 2023.Tax.Season