Common questions about generating corporate extensions with Form 7004 in Lacerte

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

1. Go to Screen 4.1, Miscellaneous 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.

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  • If the taxpayer's bank is closed for a specific holiday, the electronic payment will be withdrawn the next business day.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).