If you are a trucking business owner who needs to file Forms 1120 and/or 1041, your tax filing deadline is April 15 at midnight! However, if you need more time to file your trucking business taxes there is a solution!
With our sister-product ExpressExtension, you can request an automatic deadline extension of up to 6 months! Here’s how it works.
Form 1120 & 1041 – An Overview
Let’s start with which businesses qualify for a business tax filing deadline extension. Anyone who needs to file Form 1120 or 1041 by April 15 may request an extension with Form 7004.
Form 1120 was designed for Corporations to report their income, gains, losses, deductions, credits and to figure their income tax liability.
Form 1041, on the other hand, is intended for estates and trusts to report their income etc. Trucking businesses typically are not estates or trusts.
What information is needed to file Form 7004?
Filing Form 7004 is fairly simple as far as tax forms are concerned. You will simply need your business name, business address, and tax-ID/EIN. Plus, ExpressExtension provides simple and concise interview-style prompts to help ensure your return is filled out correctly.
How to claim a tax filing deadline extension with Form 7004?
IRS Form 7004 allows business owners to request additional time to file their business tax forms. You don’t even have to give a reason for needing the extension! With ExpressExtension all you have to do is follow the simple instructions that they provide!
The whole process can be completed in a matter of minutes so that you can get back to driving and worry about your taxes later! Plus, the form can be completed from any device, from anywhere you find yourself. Once the IRS has processed your form, you will be notified via email of your status.
Once the IRS has approved your return, you will have 6 more months to file your taxes! You will still need to pay your estimated tax amount by April 15, however.
File Your Tax Filing Extension Today!
Create your ExpressExtension account today and get 6 months additional months to file your trucking business taxes!