Where Form 1120 C Extensions 2023-2024

Hello everyone this video discussion is going to be on the matter of filing dates for business tax returns many new business owners tend to ask the question what is the filing date or the latest filing date for their business tax return well the tax return due date will depend on the type of business structure you are set up as there are six different types of business structures there is the sole proprietorship the partnership the single-member LLC the multi-member LLC the C corporation and the S corporation depending upon which type your business is structured as will determine the filing date of the business tax return so let's talk about the sole proprietorship when a sole proprietorship or as a sole proprietorship the form Schedule C is completed and included with your form in 40 as a sole proprietorship is an extension of the person running the business your due date would be April 15th because that is the date that the formants and 40 is due if you happen to file an extension by using form for 868 your tax return will not be due until October 15 please note that filing an extension form for 868 does not grant you the extension of time to pay any taxes that are due it just grants you an extension of time to file the paperwork now in some cases the IRS will grant a taxpayer an extension of time to pay taxes but in order to do this that individual will need to complete a form 1120 7 which is an application to apply for an extension of time to pay due to a hardship again that's the form 1120 7 that's the application that you would complete if you want to request an extension of time...