Tax Time: Should You File a Business Extension?

VIP Contributor
Author, Attorney and CPA
min read
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

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.