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Common questions about generating corporate extensions with Form 7004 in Lacerte

SOLVEDby IntuitLacerte Tax2Updated July 14, 2022

Below, you'll find answers to frequently asked questions about generating corporate extensions.

Electronic Funds Withdrawal may be used to pay the tax due with the extension:

  1. Go to Screen 4.1Miscellaneous Information.
  2. Scroll down to the Direct Deposit of Refund (8050) / Electronic Payment section.
  3. Check the box labeled Electronic payment of tax due with extension.

lacerte-electronic-payment-of-tax-due-with-extension.png

Additional information

  • The program uses the original due date for the electronic payment date.
  • Enter the date in mm/dd/yy format in Extension payment date [O] if you want the debit of the electronic payment to take place on a day other than the original due date.
    • The IRS e-file program doesn't allow the electronic payment date to be delayed after that date for holidays.
    • If the taxpayer's bank is closed for a specific holiday, the electronic payment will be withdrawn the next business day.
  • The IRS doesn't support the electronic payment of estimates with the filing of a corporate return. All estimated tax payments must be paid using the Electronic Federal Tax Payment System (EFTPS).

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