HOW EXTENSIONS WORK

If you aren't able to file your business taxes before the deadline, or would prefer to have more time, you can file an extension! However, there are 2 important considerations:

  • You'll need your business return to file your personal return. If you file one extension, you may need to also file a personal extension. 
  • It’s an extension to file, not an extension to pay. Any taxes owed will generate interest as late payment penalty.

Request a 6 month extension with the IRS by filling out this form. You may also need to file an extension with the state you are incorporated. 

 

CALIFORNIA BUSINESS EXTENSIONS

  • Request a 6 month extension with the IRS: fill out this form.
  • California automatically allows a 6 month extension to file for all corporations that are not suspended.
  • To avoid late payment penalties and interest, you must pay the taxes due by April 15th. You can pay online or by check with Form FTB 3519. Then file your return by September 15. 

 

NEW YORK STATE + CITY BUSINESS EXTENSIONS

  • Request a 6 month extension with the IRS: fill out this form. You will also need to request an extension with NY State and may need to file an extension for NY City.
  • For Partnerships, Limited Liability Companies, and Limited Liability Partnerships: you can request an extension with NY State by filling out this form. 
    • If you made less than $80,000 profit as a Partnership, Limited Liability Company, or Limited Liability Partnership, then you shouldn't owe any taxes. You will owe a $25 filing fee to NY State.
  • For S-Corps: you can request an extension with NY State using form CT5.4, filed electronically using NY States online services. 
  • NEW YORK CITY: To request an extension, fill out this form.

 

Email us at info@brasstaxes.com if you have any questions!