Solved: I am filing form 7004 form for an extension for my Domestic LLC. Is a tax payment required with this form since the taxes pass thru to my wife and I.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I am filing form 7004 form for an extension for my Domestic LLC. Is a tax payment required with this form since the taxes pass thru to my wife and I.

I am using TT Business for LLC and TTPremier for Personal.

1 Best answer

Accepted Solutions
New Member

I am filing form 7004 form for an extension for my Domestic LLC. Is a tax payment required with this form since the taxes pass thru to my wife and I.

A federal extension payment is not required with the LLC's extension, as the LLC does not pay the income taxes.

Note - Some states do imposes taxes at the business level on pass-through entities.  You should double-check whether this is the case in your state before finalizing the extension.

View solution in original post

1 Reply
New Member

I am filing form 7004 form for an extension for my Domestic LLC. Is a tax payment required with this form since the taxes pass thru to my wife and I.

A federal extension payment is not required with the LLC's extension, as the LLC does not pay the income taxes.

Note - Some states do imposes taxes at the business level on pass-through entities.  You should double-check whether this is the case in your state before finalizing the extension.

View solution in original post

Dynamic Ads
v
Privacy Settings