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Efile 7004 AND payment of tax

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    Efile 7004 AND payment of tax

    I have to e-file a Federal corporation extension, Form 7004, and there is a balance due. I've looked at Form 8878-A which authorizes the electronic funds withdrawal. The client signs the form.

    QUESTION: The form does not have an area to list the account number and routing number. How do funds get withdrawn?



    I am thoroughly confused and any help would be appreciated.

    #2
    Just a thought - check with your software? Or maybe it has to be EFTPS

    Sandy
    Last edited by S T; 04-08-2014, 04:58 AM.

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      #3
      "to initiate an electronic funds withdrawal (direct debit) entry to the financial institution account indicated in the tax preparation software for payment of the taxpayer’s balance due on Form 7004,"

      That is from Part II of the form 8878.

      Is this a corporation on a fiscal year of Feb to Jan or are you late and therefore a moot point?

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        #4
        Fiscal year

        Yes, it is a corporation on a fiscal year so the extension and payment would be done in a timely manner.

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