A guide for Bullogic clients who have been placed on extension for the 2025 tax year.
A tax extension gives you more time to file your return. It does not give you more time to pay. If you owe a balance, that amount is still due by April 15, 2026. You are responsible for estimating and submitting your own federal and state tax payments by that date. We have provided an estimate of your remaining liability if we had sufficient documentation to do so. Once you make your payment, please let us know the amount and the date so we can reflect it on your return.
A tax extension is a formal request to the IRS (and your state, if applicable) for additional time to file your tax return. For individuals, we file Form 4868. For businesses (S-Corporations, partnerships, and C-Corporations), we file Form 7004.
The extension is automatic. The IRS does not require a reason, and no approval letter is mailed back to you. If the form is submitted on time with a reasonable estimate of your tax liability, the extension is granted.
We filed this extension because we either did not have all of the information needed to complete an accurate return by April 15, or because your return requires additional time to prepare correctly. Extensions are a normal part of the process, and we use them when accuracy matters more than speed.
| Return Type | Original Deadline | Extended Deadline |
|---|---|---|
| Individual (Form 1040) | April 15, 2026 | October 15, 2026 |
| S-Corporation (Form 1120-S) | March 16, 2026 | September 15, 2026 |
| Partnership (Form 1065) | March 16, 2026 | September 15, 2026 |
| C-Corporation (Form 1120) | April 15, 2026 | October 15, 2026 |
| Tax payments are due by the original deadline regardless of extension status. | ||
This is the part that catches people off guard. The extension only moves the filing deadline. The IRS still expects payment by the original due date.
If your full balance is not paid by April 15, the IRS charges a failure-to-pay penalty of 0.5% of the unpaid amount per month, plus interest at the current federal rate (currently 7% annually). These charges accrue until the balance is paid in full.
For context, the failure-to-file penalty (not filing at all and not requesting an extension) is 5% per month. That is 10 times more expensive. Filing the extension, even if you cannot pay the full balance right now, is always the right move.
We do our best to estimate your remaining tax liability based on your prior year return and any documents you have uploaded. If we were able to calculate an estimate, we provided that amount to you directly. If no documents have been uploaded, we are unable to make an estimate, and it is up to you to estimate your own tax liability.
You are responsible for making your own federal and state tax payments by April 15, 2026. Once you have made your payment, please let us know the amount paid and the date it was submitted so we can reflect it accurately on your return.
Federal payments: IRS.gov/payments
State payments: Visit your state's department of revenue website to submit payment.
Federal and state extensions are separate. Each state has its own rules. Some states automatically accept the federal extension, while others require a separate state extension form.
If you file in a state with an income tax, we have filed your state extension as well. State tax payments follow the same principle: the payment is due by the original deadline even though the filing deadline has been extended.
We’re always looking for clients who are ready to take their finances seriously and who have goals they actually want to achieve. Ready to get started? Reach out to us today! We can’t wait to meet you.