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 Form 207F EXT, Application for Extension of Time to File 2023-2025

2023-2025 Form

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all right in this video we wanted to cover some special federal tax extension rules on the irs form 7004 so the 7004 is a extension request for business and trust tax returns and what we're going to go over here is a very special exemption for partnership tax returns filed via form 1065 and these are for partnerships that have no u.s office okay so just some background here most partnerships need to file a form 1065 by march 15th of each year so by default every u.s partnership is on a calendar year-end so december 31 is the close of the year and then they need to file a form 1065 within two and a half months following the close of that year which is march 15th now a lot of partnerships don't have their books ready so they file a form 7004 extension request before march 15th and that moves the filing deadline out to september 15th of the same year so it's basically an automatic six-month extension to file that form 1065. now here here's where it gets tri

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