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Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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i have a c-corp, and federal and california tax returns are

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i have a c-corp, and federal and california tax returns are due march 15. is it possible to get an extension/file later? if so, how much later can i file? also, if i owe taxes, can the payment on that be delayed until i file at the later date?
HelloCustomer

If you need more time to complete your 2008 business tax return, you can request an extension of time to file your return.

However, even with an extension, you must estimate how much you owe, if applicable, and send in that amount by the due date. Otherwise, the IRS can invalidate your extension.

Most business tax returns can be extended by filing Form 7004, Application for Automatic 6-Month Extension of Time to File by the due date of the return.

Extension due dates will vary depending on how your business is organized for tax purposes.

Due dates for corporations:
If your business is organized as a corporation, the income tax return or extension is due by the 15th day of the 3rd month after the end of your tax year.

For example, if your corporation is a calendar year taxpayer with a December 31 year end, you must file a 2008 tax return or extension by March 16, 2009. You get the extra day because March 15 falls on a Sunday in 2009.

In the state of California, Corporations (in good standing) that have fully paid their tax liability but cannot file their return by the due date receive an automatic seven-month extension to file the return. Since the extension is automatic, there is no extension request form. If the corporation owes tax, it should submit form FTB 3539 (Payment Voucher for Automatic Extension for Corporations and Exempt Organizations) with payment by the original return due date.

An extension to file is not an extension to pay. Tax is due on or before the original return due date regardless of an extension to file.

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