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Business & farm
The Form 7004 extension is for the partnership Form 1065. Only one extension is filed for the partnership, and it covers all partners on the tax return.
But, each of the partners will need to file an extension of their personal tax return (Form 1040 or Form 1040-NR), if the partnership return is not prepared in time for each partner to receive their K-1 to file with their personal tax return by 4/15/2020. The form for the automatic extension of the Form 1040 is Form 4868. You can file this Form 4868 extension from TurboTax Online or TurboTax Download/CD.
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March 3, 2020
8:15 AM