Georgia State Tax Extension

ga

There are two ways to obtain an extension to file your Georgia income tax return:

  • Attach a copy of the Federal Form 4868 to the Georgia return when filed. If you request a federal extension electronically, you must attach a copy of the IRS confirmation letter to your Georgia return. Contact the IRS at 1-800-829-1040 to obtain Form 4868.
  • Submit Georgia Form IT-303. You must mail Form IT-303 before the return due date and attach a copy to the return when filed. Also, keep a copy of the form for your records. GA will notify you only if your extension request is denied.
An extension to file does not extend the date for paying the tax. Tax must be paid by the statutory due date to avoid late payment penalty and interest. Use Form IT-560 to pay tax due. The amount paid should be entered on Form 500, Page 2, Line 20.

Do I need to file for state extension exclusively?

Not required! Georgia Code Section 48-7-57 provides that a taxpayer need not apply for a Georgia extension if the taxpayer applies for and receives an automatic six (6) month extension to file their Federal income tax return. If the return is received within the time extended by the Internal Revenue Service and Form 7004 is attached to the return, no late filing penalties will apply.

Do I need to attach a file copy of Federal Extension?

Yes. It is a must.Failure to attach a copy of the Federal extension will result in the return being considered filed late and the assessment of applicable penalties! If you do not need a Federal extension, use Form IT-303 to request a Georgia extension if necessary.

What about penalties if not paid before due date?

If an extension is granted but the tax was not paid by the statutory due date, late payment penalties of up to 25% of the tax due will be assessed until the tax is paid (income tax at 1/2 of 1% per month; net worth tax at 10%). Also, interest will be assessed at the rate of 12% per annum from the statutory due date until the tax is paid in full. Late payment penalties and interest accrue from the statutory due date regardless of an extension. Georgia law prohibits granting an extension of more than six months from the due date of the return.

How do I make payments?

Payments made prior to filing a completed return must be accompanied by Form IT-560C and claimed on Form 600, Schedule 3, Line 2. An extension of time does not alter interest or penalty charges for late payment of tax.

NOTE: Check the "Extension" box on Form 600 if a Federal or Georgia extension was granted. Failure to check the extension box will result in assessment of a late filing penalty.

Corporate Partners and Partnerships

A corporation will be considered to own property in Georgia, do business in Georgia, or have income from Georgia sources whenever the corporation is a partner, whether limited or general, in a partnership which owns property or does business in Georgia, or has income from Georgia sources.

When Electronic Filing is required?

Taxpayers that remit payments by electronic funds transfer, whether on a mandatory or voluntary basis, must file all associated returns electronically. Also, a non-individual income tax return must be electronically filed when the federal counterpart of such return is required to be filed electronically pursuant to the Internal Revenue Code of 1986 or Internal Revenue Service regulations.

When and Where to File?

The return is due on or before the 15th day of the 3rd month following the close of the taxable year. If the due date falls on a weekend or holiday, the return shall be due on the next day that is not a weekend or a holiday. This would be March 15th if filing on a calendar-year basis.

Returns should be mailed to:
Georgia Department of Revenue,
Processing Center,
P.O. Box 740397,
Atlanta,
Georgia 30374-0397.

Why should I use Express Extension?

ExpressExtension has an experienced and competent team to meet all your individual and business tax solutions.We provide a complete and easy solution to all your tax needs.

Do I need to file for state extension exclusively ?

Not required.Automatic six-month extension to Georgia return can be availed when you receive an extension to file your Federal return. However, the Georgia return must be filed along with a copy of Federal Form 4868 or the IRS confirmation letter on or before the extended Federal due date.

What if I haven't filed for Federal Extension ?

No issues.If you haven't filed for Federal extension then you may use Georgia Form IT-303 to request an extension to file your Georgia return.

Note: An extension to file does not extend the date for paying the tax. Tax must be paid with Form IT-303 by the statutory due date to avoid late payment penalty and interest.

For more information, please visit the State of Georgia website.
Form IT-303 : For instructions and more details.

Payment Voucher 525TV

Only complete this voucher if you owe taxes.

Why should I use Express Extension?

ExpressExtension has an experienced and competent team to meet all your individual and business tax solutions.We provide a complete and easy solution to all your tax needs.