Deadline passed?
Form 7004 extension, move your deadline to October 15
Form 7004 buys your LLC a 6-month automatic extension for the corporate return (1120), which carries Form 5472. The original deadline is April 15. With a timely extension, your new deadline is October 15.
Original deadline
April 15
Extension deadline
October 15
Extension form
Form 7004
Extension length
6 months automatic
Does not waive existing penalties
A 7004 extension extends time to file, not necessarily penalties already accruing. Under IRC §6038A(d), missed Form 5472 can trigger $25,000 per form per year plus continuation penalties after IRS notice. Consult a licensed tax professional.
Form 7004 extends the time to file, not the time to pay any tax that may be owed. An extension to October 15 does not eliminate penalties for prior missed filings. Fylit does not file Form 7004 for you; confirm extension steps with the IRS instructions or a licensed professional. Legal disclosures
Already extended, or missed the deadline?
A guided Form 7004 draft path is on the roadmap. What is live today: run Fylit Check to see how your LLC fits the Form 5472 profile, then build your compliance draft packet before October 15.
Not filed. Not advice. Confirm with your CPA.
Your original filing deadline has passed. Under IRC §6038A(d), the IRS may assess a penalty of $25,000 per form per tax year for failure to file Form 5472, plus $25,000 per 30-day period after an IRS notice, with no statutory cap. Getting organized now may reduce further exposure. This does not guarantee any penalty waiver or abatement. Consult a licensed tax professional regarding any penalties already assessed. Legal disclosures