September
15
Do you need more time to prepare and file your 2023 business tax return? If you aren’t prepared by the March 15th deadline, you can request a tax extension for free with RapidTax. This gives you an additional 5-6 months to accurately prepare your business taxes at your own pace.
Create an account on our website and get your automatic extension within minutes. It’s completely free and does not require IRS approval. Then you can log back into your account anytime before September 15, 2024 to finish your business return.
E-file a business extension right here on RapidTax. You must do it no later than March 15th,2024 for an S-Corp or C-Corp, or April 15 for an LLC or partnership. After that, the IRS will not accept a request for an extension.
Remember - an extension gives you extra time to file. It does not give you extra time to pay. When you file your extension by the March 15th deadline, you will need to estimate your tax liability and pay a portion of your tax due to the IRS.
Qualifying Business Entities:
A business entity is classified for federal tax purposes under default IRS rules unless it files Form 8832, Entity Classification Election, or Form 2553, Election by a Small Business Corporation, to elect a classification or change its current classification.
LLCs or Partnerships: An LLC* or partnership must file by the 15th day of the 4th month following the close of the tax year. A tax extension will extend this deadline to September 15th, 2024.
*If the members of an LLC or partnership file Form 8832 with the IRS and elect to be classified as a corporation, then they must file by the 15th day of the 3rd month following the close of the tax year.
S-Corporations and C-Corporations: A corporation* must file by the 15th day of the 3rd month following the close of the tax year. A tax extension will extend this deadline to September 15th, 2024.
*If the members of a corporation file Form 8832 with the IRS and elect to be classified as an LLC/partnership, then they must file by the 15th day of the 4th month following the close of the tax year.