![]() ![]() Actual method, reporting only those months included under the MBT/CIT return.This option is not available for a Unitary Business Group (UBG). 2016 TAX EXTENSION BUSINESS DUE DATES FULLAnnual method, reporting the taxpayer's full year multiplied by a ratio of the number of months in the tax year included under the MBT over 12.The taxpayer will need to provide the Department with a copy of the federal extension request and pay tax liability in full by the due date to avoid penalty & interest.Ĭomputation of Tax for First Taxable Year Less Than 12 Months If federal extension is accepted, the Department will grant an automatic extension to the last day of the 8 th month following the return due date. An extension of time to file is not an extension of time to pay. Extension of time to file can be granted by the Department for with a timely application and payment of tax due. ![]() Filing threshold is annualized for tax year less than 12 months.Taxpayers (other than Insurance Companies or Financial Institutions) are not required to file or pay if apportioned gross receipts are less than $350,000. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |