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Tax Extension Strategies

Business Owners: Did you File a Tax Extension?

Business Owners: Did you File a Tax Extension?

Filing for a tax extension gives you more time—and more opportunity—to make strategic decisions for your business. Our financial professionals help business owners take advantage of qualified plans that can still reduce your 2024 tax burden while preparing for the future.

2025 Extension Deadlines by Business Type

Business Type Original Deadline Extended Deadline
Sole Proprietorship / Single-Member LLC (Schedule C) April 15, 2025 October 15, 2025
Partnership (Form 1065) March 17, 2025 September 15, 2025
S-Corporation (Form 1120-S) March 17, 2025 September 15, 2025
C-Corporation (Form 1120) April 15, 2025 October 15, 2025

Note: Qualified plan contributions can still be made up to the extended deadline—as long as the plan is properly established in time.

Source: Internal Revenue Service (irs.gov)

⏰ Why Time Matters – We Require 60 Days’ Notice*

Setting up and implementing a qualified retirement plan isn’t something you want to rush—especially if you’re looking to use it as part of your extended tax filing strategy.

To ensure everything is done properly and compliantly, we require a minimum of 60 days’ notice before your tax filing deadline. This allows enough time to:

  • Review your business structure and income
  • Recommend the right plan type
  • Set up and submit proper documentation
  • Coordinate with your CPA or tax team, if needed

*This notice period ensures we can provide personalized, high-quality service and meet IRS deadlines for plan establishment and funding.

Qualified Plans

Defined Benefit Plans

Defined Benefit Plans provide a guaranteed retirement benefit and allow for large, tax-deductible contributions. A common version is the Cash Balance Plan, which blends traditional pension features with portability and flexibility.

Defined Contribution Plans

These plans allow you to contribute a fixed amount each year, offering flexibility and lower administrative requirements. Options include, Solo 401(k)s, and Safe Harbor 401(k)s.

Combined Plans

Combining a Defined Benefit Plan with a Defined Contribution Plan—like a Cash Balance Plan + Safe Harbor 401(k)—can significantly increase your deductible contribution limits and offer a powerful wealth-building and tax reduction strategy.

Schedule a Consultation!

Contact Us Today

Don’t wait—there’s still time to make a smart move, but the window is closing. Let’s review your goals and see if a qualified plan makes sense for you and your business.