Time Extension For Tax Return In Georgia

State:
Multi-State
Control #:
US-0018LTR
Format:
Word; 
Rich Text
Instant download

Description

The Time Extension for Tax Return in Georgia form is designed to provide individuals and businesses with the ability to request additional time to file their tax returns. This form is essential for ensuring compliance with Georgia tax laws while also allowing taxpayers the necessary time to prepare their tax documents without incurring penalties. Key features include clearly defined sections for personal or business information and the specific date by which taxpayers need an extension. Users can fill out the form electronically or by hand, ensuring that all required fields are completed accurately to avoid delays. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to assist clients with tax filing obligations or avoid penalties due to late submissions. Filling instructions emphasize the need to submit the form by the tax return deadline to secure the extension. Additionally, it may serve as a reference point for future tax-related discussions or negotiations with the IRS or state tax authorities. Overall, this form is a vital tool for managing tax timelines effectively in Georgia.

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FAQ

The due date for filing your Georgia return will be automatically extended with an approved Federal extension.

The due date for filing your Georgia return will be automatically extended with an approved Federal extension.

More In Help. You may request up to an additional 6 months to file your U.S. individual income tax return.

Extended Deadlines for Georgia Tax Returns However, this extension does not cover overdue tax payments related to these 2023 returns, which were due by April 18, 2024. Other filings also extended to February 3, 2025, include: Estimated tax payments due on September 16, 2024, and January 16, 2025.

Taxpayers in all or parts of Connecticut, Florida, Illinois, Kentucky, Louisiana, Minnesota, Missouri, New York, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Virgin Islands and Washington state have until Feb. 3, 2025, to file their 2023 tax year returns.

Extended Deadlines for Georgia Tax Returns However, this extension does not cover overdue tax payments related to these 2023 returns, which were due by April 18, 2024. Other filings also extended to February 3, 2025, include: Estimated tax payments due on September 16, 2024, and January 16, 2025.

Cons of filing a tax extension If your estimate is not correct and you owe taxes when you file your return on October 15, you will owe penalty and interest charges. ing to the IRS, as of 2023, the interest rate is currently 7% compounded daily.

You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to file by the regular due date of your return to avoid the penalty for filing late.

An individual is recognised as a tax resident of Georgia if one was actually located in Georgia for 183 days or more in any continuous 12-month period ending in the current tax year. The status of resident or non-resident is established for each tax period.

More In Help. You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to file by the regular due date of your return to avoid the penalty for filing late.

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Time Extension For Tax Return In Georgia