📺 Stream EntrepreneurTV for Free 📺

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

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

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

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning. With a reputation as a YouTube personality, best-selling author, and national speaker, Kohler is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream. He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide. As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth. Mark Kohler's commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field, benefiting countless individuals and businesses in navigating the financial and business world with confidence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Marketing

How AI Is Transforming Keyword Research (and Why You Can't Afford to Ignore It)

Learn how AI tools can streamline keyword research, improve content targeting accuracy and boost SERP rankings. Whether you're a beginner or a seasoned professional, this guide is a must-read for success in the digital space.

Life Hacks

3 Quintessential Skills To Help Your Teen Thrive in College

As teens continue to face increased anxiety around academic achievement and other parts of their life, here are three things we can do as parents to equip them with the skills they need to thrive.

Business News

A First-of-Its-Kind Flamethrower Robot Dog That Blasts 30-Foot Flames Is Now Available to the Public

Thermonator builds on existing technology — with a fiery twist. What could go wrong?