Tax Time: Should You File a Business Extension? March 17 might be the deadline for corporations to file, but an extension could be your best move. Here are the details and tips you should know about the Corporate deadline.

By Mark J. Kohler •

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C-Corporations and S-Corporations must file by March 15 each year, or they can file and receive an automatic 6-month extension. This year, because the 15th falls on a Saturday, the deadline is March 17. Many don't realize that filing an Extension can reduce your chances of an audit and give you more time to prepare an accurate tax return. To extend, simply file IRS Form 7004 and review the instructions on the proper address to mail your Extension. Check out this video for a quick summary. For more information visit www.markjkohler.com.

Related: S-Corps and Tax Advantages: What to Know

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Mark J. Kohler

Entrepreneur Leadership Network VIP

Author, Attorney and CPA

Mark J. Kohler is a CPA, attorney, co-host of the podcasts Main Street Business and Directed IRA Podcast and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. He is also a co-founder of Directed IRA Trust Company. He is the author of The Tax and Legal Playbook, 2nd Edition and The Business Owner's Guide to Financial Freedom.

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