Real Estate Investing Tactics

Today you must file form 1120 or 1120S for any corporate entities you control. You may have additional filing requirements with your state.

You can file form 7004 to request an automatic extension of six months to file your corporate return.

Filing that extension has an added benefit because if you file form 4868 in April to request an automatic four month extension of your personal return you can then file form 2688 in August to request an additional two month extension. Since you must have the information from the corporate returns that were extended until September your request is automatic.

There is a lot of debate over how filing later in the year affects your audit chances but that is a discussion for another time.