You need more time to file your business return accurately.Some reasons you might need an extension include: The IRS understands that not everything always goes as planned, and sometimes you just need a little extra time to get it right. There are a lot of reasons why your business may need to file for a tax extension. If you’re unsure how to file a tax extension, here’s everything you need to know to do it with confidence. *These are the due dates for the calendar year entity (when the last day in your business year is December 31, 2021). And the deadline to file a business tax extension is the same as the business tax filing due date, so take note! Business Structure Check out the table below if you’re unsure when business tax returns are due for your business structure. Whatever the reason, the IRS understands the reality of running out of time and makes it easy to file a business tax extension. Maybe you’re still waiting on documents such as a K-1 from an investment, or perhaps you’ve just been too preoccupied with keeping your business on track to prepare your return. And while you have the best of intentions to get your business income tax done and dusted by the tax filing deadline, sometimes you just can’t get it together in time. As a small business owner, you are probably pulled in a million different directions every day, let alone at tax time.
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