The MO 7004 form, officially known as "Application for Extension of Time to File" issued by the Missouri Department of Revenue, serves corporations that need more time to file their income and franchise tax returns. Individuals or entities with an approved federal extension might not need to file this form unless expecting to owe additional tax or seeking a Missouri-specific extension beyond the federal timeline. Want to ensure your business meets its filing deadlines? Click the button below to start filling out your MO 7004 form efficiently.
In the labyrinth of tax documentation, the Missouri Form MO-7004 emerges as a beacon for companies navigating the complexities of filing deadlines. Intended primarily for corporations, this form operates as an Application for Extension of Time to File for Corporate Income Tax and Franchise Tax Returns, but with nuances that deserve a closer examination. Notably, entities with an approved federal extension might sidestep the need for this form, highlighting the intertwining of state and federal tax obligations. Yet, the simplicity ends there, as the form outlines specific scenarios under which it becomes indispensable—such as when a tax liability is anticipated or a distinct Missouri extension is sought, separate from federal extensions. The document also serves as a prerequisite for a Missouri extension that exceeds the federal extension period, mandating a separate application for each tax return. The form is explicit in its requirements, from tax identification numbers to tax payment schedules, ensuring entities not only file but also pay any anticipated taxes within prescribed timelines to avoid penalties. This tailored approach underscores the state's effort to streamline tax administration while accommodating varying corporate needs, making an understanding of Form MO-7004's provisions a critical part of tax planning for businesses within Missouri.
MISSOURI DEPARTMENT OF REVENUE
APPLICATION FOR EXTENSION OF TIME TO FILE
FORM
MO-7004
(REV. 11-2011)
Enclosure Sequence No. 1120-07 and 1120S-05
NOTE: IF YOU HAVE AN APPROVED FEDERAL EXTENSION, YOU MAY NOT BE REQUIRED TO FILE THIS FORM. ALSO, YOU MAY NOT BE REQUIRED TO FILE AN EXTENSION IF YOU DO NOT EXPECT TO OWE ADDITIONAL TAX OR IF YOU ANTICIPATE RECEIVING A REFUND. SEE THE INSTRUCTIONS FOR DETAILS.
CORPORATION NAME
DEPARTMENT OF
REVENUE USE ONLY
M M D D Y Y
IN CARE OF NAME (ATTORNEY, GUARDIAN, EXECUTOR, ETC.)
TELEPHONE NUMBER
(__ __ __) __ __ __ -__ __ __ __
NUMBER AND STREET
CITY, STATE, ZIP CODE
TYPE OF RETURN / EXTENSION
(Only one box may be checked below. Separate request must be made for each return or report.)
MAIL TO : MISSOURI DEPARTMENT OF REVENUE, P.O. BOX 3365, JEFFERSON CITY, MO 65105-3365.
Corporation Income/Franchise Tax Return, Form MO-1120 and Schedule MO-FT
S Corporation Income/Franchise Tax Return, Form MO-1120S and Schedule MO-FT
M AIL TO : MISSOURI DEPARTMENT OF REVENUE, P . O . BOX 898,
JEFFERSON CITY, MO 65105-0898, if one of the boxes below is checked.
Bank Franchise Tax Return, Form INT-2 and INT-2-1
Savings and Loan Tax Return, Form INT-3
Credit Institution Tax Return, Form 2823
Credit Union Tax Return, Form INT-4
TAXPAYER IDENTIFICATION NUMBER
Missouri Tax I.D. Number
Missouri Charter
Number
Federal I.D. Number
FILING FEDERAL FORM 1120C OR 990T
Check the box based on the federal form filed:
Form 1120C (Cooperative Association)
Form 990T (Exempt Organization)
YEAR / DATE OF EXTENSION
Income Tax Year Beginning
Income Tax Year Ending
An Extension of Time Until
Check here if you are filing a short period.
TAX PAYMENT SCHEDULE — THIS SCHEDULE MUST BE COMPLETED (SEE LINE-BY-LINE INSTRUCTIONS ON BACK)
1.
Tentative amount of the tax for the taxable year
. . . . . . . . . . . . . . . . . . . . . . . . . 1
2.
Less
(a) Missouri estimated income tax payments
2(a)
(b) Overpayment applied as a credit
2(b)
(c) Tax credits
2(c)
(d) Total of Lines 2a through 2c
2(d)
3.
Balance due (Line 1 minus Line 2d). Make remittance payable to the MISSOURI DEPARTMENT OF REVENUE.
Before mailing — write your Missouri Tax I.D. Number on your check or money order
3
DEPARTMENT OF REVENUE USE ONLY
If you pay by check, you authorize the Department of Revenue to process the check electronically. Any returned check may be presented again electronically.
Under penalties of perjury, I declare that I have examined this application, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which he/she has any knowledge. I declare under penalties of perjury that I employ no illegal or unauthorized aliens as defined under federal law and that I am not eligible for any tax exemp- tion, credit or abatement if I employ such aliens. I also declare that if I am a business entity, I participate in a federal work authorization program with respect to the employees working in connection with any contracted services, and I do not knowingly employ any person who is an unauthorized alien in connection with any contracted services.
SIGNATURE OF OFFICER
DATE
PREPARER’S SIGNATURE
__ __ / __ __ /__ __ __ __
TITLE OF OFFICER
DAYTIME TELEPHONE
PREPARER’S ADDRESS AND ZIP CODE
FEIN, SSN, OR PTIN
(_ _ _) _ _ _ - _ _ _ _
__ __ __ __ __ __ __ __ __
SEE “TYPE OF RETURN/EXTENSION” ABOVE FOR MAILING ADDRESS.
MO-7004 (11-2011)
INSTRUCTIONS FOR COMPLETING FORM MO-7004
WHO SHOULD FILE A FORM MO-7004
Missouri grants an automatic extension of time to file corporation income and corporation franchise tax to any corporation that has a federal extension. A federal extension does not extend the due date for Financial Institution taxes.
You do not need to file a Form MO-7004 (Application for Extension of Time to File—Corporation Income Tax/ Franchise Tax Return) unless:
•You expect to owe a tax liability for the period. Form MO-7004 and payment are due on or before the due date of the return.
•You want a Missouri extension but not a federal extension. See “Note” below for exception. Form MO-7004 is due on or before the due date of the return. A copy of Form MO-7004 must be enclosed with the Missouri return when filed. An approved Form MO-7004 extends the due date up to 180 days.
•You seek a Missouri extension exceeding the federal automatic extension period. Form MO-7004 must be filed on or before the end of the federal automatic extension period.
You must complete a separate Form MO-7004 for each return.
NOTE: You are not required to file a Form MO-7004 if:
1)You have an approved federal extension. (Enclose a copy of your federal extension when you file your Missouri return.)
2)You do not expect to owe additional tax.
3)You anticipate receiving a refund.
An extension of time to file a corporate tax return does not extend the time for payment of the tax. Unless an extension of time to pay has been granted, a penalty of 5% and interest is charged on the part of the total tax which is not paid by the original due date of the return. The interest rate will be posted on our web site at: http://dor.mo.gov/. Remittance should be made payable to “Missouri Department of Revenue” and submitted with this application.
WHERE TO FILE
Mail your extension application to the address for the tax type you indicated on the front of this form.
PERIOD OF EXTENSION PAST AUTOMATIC FEDERAL EXTENSION PERIOD
The Missouri extension equals the extension granted for federal tax purposes. Longer extensions will not be granted unless sufficient need for such extended period is clearly shown on the Form MO-7004. Extensions past the automatic extension period must be requested in writing and must be attached to Form MO-7004 and filed on or before the date the federal extension expires.
TAXPAYER IDENTIFICATION NUMBER(S)
Enter the tax identification number(s) and charter number.
FILING FEDERAL FORM 1120C OR FEDERAL FORM 990T
Check the box based on the federal form filed. If box Form 1120C is checked per Section 143.511, RSMo, the effective due date for entities filing Federal Form 1120C is the same as the federal due date. For calendar year filers, this is September 15. For fiscal year filers, the due date is the 15th day of the ninth month following the close of the taxable year. Franchise tax is always due the 15th day of the fourth month following the beginning of the tax year.
If box Form 990T is checked, per Section 143.511, RSMo, the effective due date for entities filing Federal Form 990T is the same as the federal due date. For calendar year filers, this is May 15. For fiscal year filers, the due date is the 15th day of the fifth month following the close of the taxable year.
BLANKET AND CONSOLIDATED REQUESTS
Blanket and consolidated requests for extensions will not be granted. A separate application must be submitted for each return and for each member of an affiliated group filing a consolidated federal income tax return and not filing a Missouri consolidated return.
LINE-BY-LINE INSTRUCTIONS
FOR TAX PAYMENT SCHEDULE
Line 1 — Enter the amount of estimated Missouri tax liability for the taxable year.
Line 2(a) — Enter the total amount of payments of estimated Missouri income tax paid, or expected to be paid, for the taxable year.
Line 2(b) — Enter credit of overpayment from prior years.
Line 2(c) — Enter your total approved tax credits for the taxable year. Line 2(d) — Enter the total of Lines 2(a) through 2(c).
Line 3 — Subtract Line 2(d) from Line 1 and enter the result on Line 3. This is the balance of tax due. Enclose your check or money order in this amount made payable to “Missouri Department of Revenue”. Be sure to print your Federal I.D. Number or Missouri Tax I.D. Number on your check or money order.
TYPE OF RETURN/EXTENSION
Check the box to indicate the type of return/extension filed. You may only mark one box. Separate Form MO-7004(s) must be filed for each tax return.
This publication is available upon request in alternative accessible format(s).
When the end of the fiscal year approaches, many corporations find themselves needing more time to get their affairs in order before filing their tax returns. That's where the Missouri Department of Revenue Form MO-7004 comes in. It's a straightforward application for an extension of time to file your corporate income and franchise tax returns. Filling it out correctly is crucial to ensure you get the extra time without any hiccups. Here's a step-by-step guide to help you execute this task smoothly.
After filling out the form, review it carefully to ensure all information provided is accurate and complete. Mail the completed MO-7004 to the Missouri Department of Revenue at the mailing address specified for the type of return/extension you’re requesting. Doing so can provide a much-needed extension, allowing your corporation additional time to prepare and file the required tax returns.
Form MO-7004, issued by the Missouri Department of Revenue, serves as an application for an extension of time to file corporation income and corporation franchise tax returns. It allows businesses that need more time to organize and file their taxes accurately the ability to extend the filing deadline, ensuring compliance and mitigating any potential penalties for late submission.
Businesses that anticipate owing tax liability for the period, desire a Missouri tax filing extension but not a federal extension, or seek an extension beyond the federal automatic extension period must file Form MO-7004. It is not required for those with approved federal extensions who do not expect to owe additional tax or anticipate a refund.
If you have an approved federal extension, you are typically not required to file Form MO-7004, unless you anticipate owing state taxes. In this situation, you should also enclose a copy of the federal extension when filing your Missouri return.
The mailing address for Form MO-7004 depends on the tax type you are requesting an extension for. It should be sent to the Missouri Department of Revenue at the address listed under the "TYPE OF RETURN/EXTENSION" section on the form itself.
The length of the extension granted by Form MO-7004 matches the federal extension duration. Missouri will not grant longer extensions unless there is a clear and sufficient need demonstrated for the additional time beyond the period of the automatic federal extension.
Enter the appropriate numbers in the designated spaces on the application form.
No, blanket or consolidated requests are not permitted. A separate application must be submitted for each return and for each member of an affiliated group that files a consolidated federal income tax return and does not file a Missouri consolidated return.
Unless an extension of time to pay has been granted, a penalty of 5% plus interest is charged on the portion of the tax not paid by the original due date of the return. The rate of interest is published on the Missouri Department of Revenue's website.
No, if you do not expect to owe additional tax or if you anticipate receiving a refund, you are not required to file Form MO-7004. However, ensure to follow all guidelines to verify eligibility for not filing an extension application under these circumstances.
Not checking if a federal extension has already been granted: Many filers overlook that if they've secured a federal extension, they might not need to file Form MO-7004. This step can save time and reduce unnecessary paperwork.
Incorrectly reporting tax identification numbers: A common error is inaccurately entering the Federal I.D. Number, Missouri Tax I.D. Number, or Missouri Charter Number. Such mistakes can lead to processing delays or misattribution of filings and payments.
Failure to select the correct type of return/extension: Form MO-7004 provides options for various tax returns and extensions. Marking the incorrect box or not selecting one at all can result in the application being processed for the wrong tax type.
Overlooking the tax payment schedule: The form requires a tentative tax amount and consideration of estimated tax payments, overpayments, and tax credits. Omitting this section or filling it out inaccurately can lead to errors in calculating the balance due, potentially resulting in underpayment or overpayment of taxes.
Not enclosing the form with the Missouri return when filed, if required: For those who owe tax or seek a Missouri extension without a federal extension, failing to attach Form MO-7004 with the Missouri return can lead to processing issues.
Signature omissions: Skipping the signature section or not dating the signatures can invalidate the form. The IRS and Missouri Department of Revenue require both taxpayer (or officer) and preparer signatures to process the form.
To avoid these mistakes, it's important to carefully review the instructions provided, verify all identification numbers and amounts reported, choose the correct tax type, and ensure that all sections of the form are completed and signed before submission.
When dealing with the submission of the MO-7004 form, various other documents may also be necessary depending on an organization's specific situation. Knowing these documents helps ensure compliance with Missouri tax laws and facilitates a smoother filing process.
Each document plays a crucial role in the tax filing process by providing essential information or confirming compliance with tax laws. Organizations should carefully prepare these documents alongside the MO-7004 form to ensure a comprehensive and compliant tax filing experience in Missouri.
The MO-7004 form, an Application for Extension of Time to File for Missouri corporation income and franchise taxes, bears similarities to other tax extension forms, such as the federal Form 4868 and the Form 7004 at the federal level, in several key aspects. These similarities include the purpose of the form, the basic structure in terms of the types of information requested from the filer, and the overall process of submission. Each form serves as a request to the relevant tax authority for additional time to file the respective tax returns they cover.
Federal Form 4868, the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, is designed for individual filers looking to extend the deadline for their personal tax returns. Despite its focus on individual rather than corporate taxes, Form 4868 is fundamentally similar to MO-7004 in that it provides a straightforward mechanism for taxpayers to request additional time to file their returns without penalty. Both forms necessitate basic taxpayer information, such as identification numbers and the estimated amount of tax owed. They differ, however, in the specifics of their application—Form 4868 is for individuals, while MO-7004 targets corporations and other entities. This distinction is critical, yet at their core, both documents serve to ease the burden on taxpayers by allowing them to avoid penalties associated with late filing, provided they adhere to estimated tax payment requirements.
Federal Form 7004, the Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns, parallels the MO-7004 form more closely due to its corporate focus. Form 7004 is used by businesses, including corporations, partnerships, and certain trusts, that need extra time to file their income tax returns at the federal level. Like the MO-7004, the federal Form 7004 requires detailed information about the taxpayer and the tax year in question, as well as an estimate of the tax liability. Both forms act as requests for extensions, allowing entities additional time to gather necessary documentation and complete their tax returns accurately. Importantly, neither form extends the time for tax payment—both specify that estimated taxes owed must be paid by the original due date to avoid penalties and interest. The similarity in purpose and requirement between these forms underscores a fundamental aspect of tax administration, offering flexibility within the structured deadlines of tax filing seasons.
Filing the Missouri Department of Revenue Form MO-7004, an Application for Extension of Time to File, is a process that requires accuracy and attention to detail to ensure compliance and to avoid any potential issues with tax filing deadlines. Below is a guide, comprising both do's and don'ts, to help you navigate through filing this form effectively.
By following these guidelines, you ensure that your Form MO-7004 is correctly filled out and submitted, which helps in securing the needed extension without any hassles. Remember, the purpose of this form is to provide additional time to gather your documentation and file your tax returns accurately, not to delay tax payment. Hence, ensure tentative taxes are calculated and paid to avoid possible penalties and interest.
Understanding the Form MO-7004, an Application for Extension of Time to File for Missouri, requires clearing up common misconceptions that often circle around this document. Let's tackle these one at a time to ensure a comprehensive understanding of the form and its functions.
Having a federal extension automatically extends your Missouri tax deadline. While this is true in many cases, it's critical to note that this automatic extension applies specifically to corporation income and corporation franchise tax. However, certain taxes like Financial Institution taxes do not follow this rule and require a separate Missouri extension.
You must always file Form MO-7004 to get a Missouri extension. This isn’t entirely accurate. You don’t need to file Form MO-7004 if you have an approved federal extension and don’t expect to owe additional state tax or anticipate a refund. But, if you expect to owe Missouri tax, filing the form with payment by the due date is necessary.
An extension to file is also an extension to pay. A common and potentially costly misconception is thinking that an extension to file gives you more time to pay any taxes due. The truth is, the extension is only for the filing of the return. If you owe taxes, you are expected to estimate and pay this amount by the original deadline to avoid penalties and interest.
The MO-7004 grants an indefinite extension. The form only extends the due date up to 180 days. It does not grant an indefinite extension, nor does it extend the period beyond what is allowed federally without demonstrating a significant need for more time.
Blanket extensions are permissible for multiple returns. Actually, the Missouri Department of Revenue does not allow blanket or consolidated extensions. A separate Form MO-7004 must be filed for each tax return or report you are submitting for an extension.
The form is complicated and requires detailed financial data. The form is actually quite straightforward, mainly requiring identification and estimation of taxes due. Detailed financial reports are not required to be filed with this application for extension.
Form MO-7004 is only for businesses. While Form MO-7004 is specifically designed for corporation income and franchise taxes, implying it's targeted at businesses, it's important to recognize that it also applies to various entities like cooperatives and exempt organizations filing specific types of federal forms (1120C or 990T). This illustrates the form's broader application beyond traditional business corporations.
Any tax professional or preparer can sign the MO-7004. The form must be signed by an authorized officer of the corporation and, if prepared by someone else, by the preparer as well. It's not just any tax professional who can sign off on this; they need to have enough understanding of the corporation's finances to attest to the form's accuracy under penalties of perjury.
You can file the form online. As of the last update to the provided information, the MO-7004 requires mailing to the Missouri Department of Revenue. While many tax forms and processes have moved online, it's crucial to follow the specific filing instructions for each form, including the MO-7004, to ensure proper processing.
Understanding these nuances helps taxpayers correctly navigate their obligations, ensuring they meet requirements while avoiding unnecessary penalties. It's always advisable to consult directly with the Missouri Department of Revenue or a tax professional when in doubt.
Understanding the intricacies of tax documentation is crucial for corporations operating within Missouri. The Form MO-7004, serving as an Application for Extension of Time to File for Corporation Income and Franchise Taxes, demands attention to detail to ensure compliance and accuracy. Below are five key takeaways that enterprises and their representatives should bear in mind when dealing with this form. These insights aim to provide clarity and assist in navigating the requirements efficiently.
In summary, when navigating the process of requesting a filing extension with Form MO-7004, it’s imperative to closely follow the guidelines set forth by the Missouri Department of Revenue. By doing so, corporations can ensure they remain in good standing, avoid unnecessary penalties, and maintain focus on their operational successes.
What Makes a Subpoena Invalid California - The document provides a structured process for notifying parties involved in a legal case to appear or submit documents by a specified date and time.
Move to Missouri - Ensure your tax and vehicle correspondence is accurate by updating your address with Form 4160.
Missouri Cd 147 - The Missouri CD 147 form is part of the state’s efforts to support child care providers in the effective management of their billing and payments.