Level 15

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F7004 rejection Help!

Forum|Forum|3 years ago
March 15, 2023
3 replies
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Help ! I have two LLCs extensions rejected Code F7004-904-01 the tax year ending date ("TaxPeriodEndDate" specified in the "ReturnHeader") must match the data in the e-file database unless one of the checkboxes in Line 5b - "Initial Return", "Final Return" or "Consolidated return to be filed" is checked.

Each of this LLCs were SMLLC for 2021. Each LLC sold to two people which now requires filing F1065.

Do I need to mark them as an Initial Return ? Do I change the Date Business Started to 01/01/2022 instead of when the LLC was formed?

Sidenote - don't know if it matters - 2021 tax returns of taxpayer of SMLLC have not been filed.

TIA - DKH

ProSeries Professional

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Best answer by amymunoz

same issue and i selected intial and it didnt get rejected anymore.

Intuit Community Champion

Intuit Community Champion

Seeing a lot of this in the FB Tax Pro groups, post office is gonna be busy.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dkhAuthor

Level 15

Lisa, per the FB posts, does this seem to be a new issue for 2022 extensions ?

Can I ask which FB group(s) do you follow ? I've looked at some postings in a public group - it was overwhelming.

Level 15

I would vote for giving "initial return" a whirl.

Slava Ukraini!

dkhAuthor

Level 15

That's what I was leaning towards. Wondered if it would create some kind of issue in the future.

I know I've filed an extension for same situation (SMLLC to multi member LLC) a few years ago without any issue.

Level 15

Just invest in a flux capacitor and you don't have to worry about the future.😁

Slava Ukraini!

Level 2

same issue and i selected intial and it didnt get rejected anymore.

dkhAuthor

Level 15

@amymunoz Thank you for that information. Good to know.