03/16/2026
$255 for each partner/shareholder for up to 12 months.
That's the failure to file penalty that Partnerships and S-Corporations who don't get their tax return or extension filed today will be facing.
Don't let it be you.
You can e-file or mail an extension today. If you mail it today, make sure that it is postmarked by today too. Remember the new USPS rules? (If not, there's a podcast episode for that.) I recommend mailing certified if you have to mail at all.
I have a video that walks you through preparing Form 7004 on my YouTube channel.
Let me know if you need the link or you can go to the channel and search it.
❤ Timalyn, America's Favorite EA