Form 7004 - General Instructions - California printable pdf download

Form 7004 (Rev. 7-98)

Page

General Instructions

Note: On all checks or money orders, write the

backup withholding in the total for line 5. Describe a

corporation’s employer identification number, the

“write-in” amount on the dotted line next to the

type of tax, and the tax year to which the payment

entry space (e.g., for backup withholding, show the

Section references are to the Internal Revenue

applies.

amount on the dotted line next to line 5 and write

Code unless otherwise noted.

“backup withholding” next to it). For more

Penalty for not paying tax. The penalty for late

A Change To Note

information about “write-in” credits, see the

payment of taxes is usually

⁄

of 1% of the unpaid

Instructions for Forms 1120 and 1120-A, lines 32b

Form 990-T and Form 990-C filers must now send

tax for each month or part of a month the tax is

through 32h.

Form 7004 to the following address: Internal

unpaid. The penalty cannot exceed 25% of the

Revenue Service Center, Ogden, UT 84201-0012.

amount due. The penalty will not be imposed if the

Line 6—Balance due. This is the amount of tax you

corporation can show that the failure to pay on time

are required to deposit.

Purpose of form. Form 7004, Application for

was due to reasonable cause.

Automatic Extension of Time To File Corporation

Note: Except for certain foreign corporations

Income Tax Return, is used by a corporation to

If you are allowed an extension of time to file,

described under Payment of tax, make all deposits

request a 6-month extension of time to file its

you will not be charged a late payment penalty if (a)

with a Federal depository bank or use the Electronic

income tax return.

the tax shown on line 3 (or the amount of tax paid

Federal Tax Payment System (EFTPS), if applicable.

by the regular due date of the return) is at least

DO NOT include your payment with Form 7004.

The extension will be granted if you properly

90% of the tax shown on line 31 of Form 1120, or

complete this form, file it, and pay any balance due

If the corporation expects to have a net operating

the comparable line on other returns, and (b) you

on line 6 by the due date for the return for which

loss carryback, the corporation may reduce the

pay the balance due shown on the return by the

the extension applies. Foreign corporations that use

amount to be deposited to the extent of the

extended due date.

the automatic 3-month extension of time to file

overpayment resulting from the carryback, providing

under Regulations section 1.6081-5 (see below)

Termination of extension. The IRS may terminate

all other prior year tax liabilities have been fully paid

must pay the balance due by the 15th day of the

the automatic extension at any time by mailing a

and a Form 1138, Extension of Time for Payment of

6th month following the close of the tax year.

notice of termination to the corporation or to the

Taxes by a Corporation Expecting a Net Operating

person who requested the extension. The notice will

Loss Carryback, accompanies Form 7004.

Do not file Form 7004 if you want a 3-month

be mailed at least 10 days before the termination

extension of time to file and pay under Regulations

Interest will be charged on any part of the final

date given in the notice.

section 1.6081-5. Instead, attach a statement to the

tax due not shown on line 6. The interest is figured

corporation’s tax return stating that the corporation

from the original due date of the return to the date

Specific Instructions

qualifies for the extension to file and pay under

of payment.

Regulations section 1.6081-5 because it is one of

Address. Include the suite, room, or other unit

For certain domestic and foreign corporations

the following:

number after the street address. If the Post Office

that use the automatic extension of time to file

does not deliver mail to the street address and the

A foreign corporation that maintains an office or

under Regulations section 1.6081-5, interest is

corporation has a P.O. box, show the box number

place of business in the United States.

figured from the 15th day of the 3rd month following

instead of the street address.

the end of the tax year to the date of payment.

A domestic corporation that transacts its business

If your address is outside the United States or its

and keeps its books and records of account outside

Signature. The person authorized by the

possessions or territories, in the space for “city or

the United States and Puerto Rico.

corporation should sign the Form 7004. This person

town, state, and ZIP code,” enter the information in

may be: (1) An officer of the corporation; (2) A duly

A domestic corporation whose principal income is

the following order: city, province or state, and

authorized agent holding a power of attorney; (3) A

from sources within the possessions of the United

country. Follow the country’s practice for entering

person currently enrolled to practice before the IRS;

States.

the postal code. Do not abbreviate the country

or (4) An attorney or certified public accountant

name.

If the corporation is unable to file its return within

qualified to practice before the IRS.

the 3-month period extended under Regulations

Line 1a—Extension date. A foreign corporation with

section 1.6081-5, file Form 7004 to request an

an office or place of business in the United States

Paperwork Reduction Act Notice. We ask for the

additional 3-month extension. Foreign corporations

that uses the automatic extension of time to file

information on this form to carry out the Internal

that maintain an office or place of business in the

provided in Regulations section 1.6081-5 can use

Revenue laws of the United States. You are required

United States are not considered taxpayers abroad

Form 7004 to obtain an additional 3-month

to give us the information. We need it to ensure that

and therefore may not obtain an extension of time

extension. See Purpose of form above.

you are complying with these laws and to allow us

to file beyond 6 months from the original due date

to figure and collect the right amount of tax.

Note: For all filers, the date that is entered on line

of the tax return. See Rev. Rul. 93-85, 1993-2 C.B.

1a cannot be later than 6 months from the original

297.

You are not required to provide the information

due date of the return.

requested on a form that is subject to the

Note: Certain filers of Form 990-T (section 401(a),

Paperwork Reduction Act unless the form displays a

Line 1b—Short tax year. If you checked the box for

408(a), and other trusts) or Form 1120-ND (section

valid OMB control number. Books or records

change in accounting period, you must have applied

4951 taxes) should use Form 2758, Application for

relating to a form or its instructions must be retained

for approval to change your tax year unless certain

Extension of Time To File Certain Excise, Income,

as long as their contents may become material in

conditions have been met. See Form 1128,

Information, and Other Returns, to request an

the administration of any Internal Revenue law.

Application To Adopt, Change, or Retain a Tax Year,

extension. Form 2758 must also be used by all filers

Generally, tax returns and return information are

and Pub. 538, Accounting Periods and Methods, for

of Forms 990, 990-EZ, 990-PF, and 990-BL.

confidential, as required by section 6103.

details.

When and where to file. Generally, Form 7004

The time needed to complete and file this form

Line 2—Affiliated group members. Enter the name

must be filed by the due date of the return with the

will vary depending on individual circumstances. The

and address, employer identification number, and

Internal Revenue Service Center where the

estimated average time is:

tax period for each member of the affiliated group.

corporation will file the return. However, Form 990-T

Generally, all members of an affiliated group must

and Form 990-C filers must send Form 7004 to

Recordkeeping

5 hr., 30 min.

have the same tax period. However, if a group

Ogden, UT 84201-0012. DO NOT attach Form 7004

Learning about the

member is required to file a separate return for a

to the corporation’s tax return.

law or the form

58 min.

short period, and an extension of time to file is

A foreign corporation that does not have an office

being requested, a separate Form 7004 must be

Preparing the form

2 hr., 1 min.

or place of business in the United States should file

filed for that period. See Regulations section

Form 7004 by the 15th day of the 6th month

Copying, assembling,

1.1502-76 for details.

following the close of the tax year.

and sending the form

Note: Failure to list members of the affiliated group

to the IRS

16 min.

Payment of tax. Form 7004 does not extend the

on line 2 may result in the group’s inability to elect

time for payment of tax.

If you have comments concerning the accuracy

to file a consolidated return. For details, see

of these time estimates or suggestions for making

Regulations section 301.9100-1 through 3.

Foreign corporations that do not have an office or

this form simpler, we would be happy to hear from

place of business in the United States may pay the

Line 3—Tentative tax. Enter the tentative amount of

you. You can write to the Tax Forms Committee,

tax by check or money order, made payable to the

total tax for the year, reduced by any nonrefundable

Western Area Distribution Center, Rancho Cordova,

“Internal Revenue Service.”

credits against the tax. This will usually be the tax

CA 95743-0001. DO NOT send the tax form to this

shown on Form 1120, line 31, or the comparable

Foreign corporations with an office or place of

address. Instead, see When and where to file

line of other returns.

business in the United States and domestic

above.

corporations must deposit all income tax payments

Line 4—Credits. Enter the credits described on

with a Form 8109, Federal Tax Deposit Coupon, or

lines 4a through 4f. On line 4b, include special

use the Electronic Federal Tax Payment System

estimated tax payments for certain life insurance

(EFTPS), if applicable.

companies and beneficiaries of trusts. On line 4f,

include any credit for tax on ozone-depleting

chemicals under section 4682(g)(2). Include any

Form 7004 - General Instructions - California

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