An Overview of New York State Business Income Tax Extension Forms

- Updated Feb 27, 2021 - 8.00 AM by Admin, ExpressExtension

Does New York support tax extension for business income tax returns?

Q

Yes. New York requires a separate business tax extension Form to be filed with the state department apart from the federal tax extension Form 7004.

What Form does the state of New York require to apply for an extension?

Q
For Corporation

The businesses operating (as C-Corporation or S-Corporation) in New York need to file Form CT-5 with the state to obtain a 6-month extension of time to file their New York business income tax return.

  • Form CT-5 - Request for Six-Month Extension to File New York C-Corporation tax return
  • Form CT-5.1 - Request for Six-Month Extension to File New York C-Corporation tax return
    (for franchise/business taxes, MTA surcharge, or both)
  • Form CT-5.4 - Request for Six-Month Extension to File New York S Corporation Franchise Tax Return
For Partnership/Fiduciary

The businesses operating (as Partnership/Fiduciary) in New York need to file Form IT-370-PF with the state to obtain a 6-month extension of time to file their business income tax return with the state.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

What are the deadlines to file Form CT-5, CT-5.1 and IT-370-PF with the state of New York?

Q
New York General Corporation Tax Extension

New York State General Business Corporation tax return Form CT-3 is due within 3 months and 15 days following the end of the corporation reporting period.

For corporations operating on a calendar year, this deadline is on April 15.

To file an extension for Form CT-3, apply for an extension using Form CT-5 on or before the same date the business tax return is due.

Form CT-5 grants an automatic 6-month extension of time to file Form CT-3.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

New York S-Corporation Tax Extension

New York state S-Corporation tax return Form CT-3-S is due within 2 months and 15 days following the end of the S-Corporation reporting period.

For S-Corporations operating on a calendar year, this deadline is on March 15.

To file an extension for Form CT-3-S, apply for an extension using Form CT-5.4 on or before the same date the business tax return is due.

Form CT-5 grants an automatic 6-month extension of time to file Form CT-3.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

New York Limited Liability / Partnership / Fiduciary Tax Extension

New York state Partnership tax return Form IT-204, and limited liability Form IT-204-LL is due by the 15th day of the third month after the end of the partnership reporting period.

New York state Fiduciary tax return Form IT-205 is due by the 15th day of the fourth month after the end of the fiduciary reporting period.

For partnership and Limited Liability business operating on a calendar year, this deadline is on March 15.

For fiduciary business operating on a calendar year, this deadline is on April 15.

To file an extension for Form IT-204 & IT-205, apply for an extension using Form IT-370-PF on or before the same date the partnership/fiduciary tax return is due.

Form IT-370-PF grants an automatic 6-month extension of time to file Form IT-204 & IT-205.

Note: Make sure to pay any taxes due along with the extension Form to avoid penalties and interest.

How to file New York Corporate Tax Extension Form?

Q

You can file NY Extension Forms either by paper or by electronically.

To e-file, visit https://www.tax.ny.gov/online/ to file your NY Tax Extension Form.

How do I pay my balance due along with the New York Business Tax Extension Form?

Q

You can choose to pay your balance due along with your NY business tax Extension by using any one of the following option:

  • Online services offered by New York State (https://www.tax.ny.gov/online/bus.htm).
  • Web File to pay estimated tax for corporation (CT-400) and Mandatory First Installment of Estimated Tax for corporations (CT-300).
    • Direct debit from your bank account or ACH Credit.
  • For partnership returns, you can pay from your bank account, or by credit card.
  • Payment Vouchers - for those who e-filed returns, but want to make payments by check or money order.
    • Form CT-200-V, Payment Voucher for those who filed the extension, but want to pay by check or money order.
    • Form IT-370-V, Payment Voucher, or Form IT-370-PF, Payment Voucher for Partnerships and Fiduciaries.

Where should I mail the extension Form CT-5, Form CT-5.1, Form CT-5.4 and Form IT-370-PF?

Q

Mail Form CT-5, CT-5.1 and CT-5.4 to the following address

NYS CORPORATION TAX,
P.O. BOX 15180,
ALBANY, NY 12212-5180.

Mail Form IT-370-PF with payment to the following address

EXTENSION REQUEST,
P.O. BOX 4125,
BINGHAMTON, NY 13902-4125.

Mail Form IT-370-PF without payment to the following address

EXTENSION REQUEST - NR,
PO BOX 4126,
BINGHAMTON, NY 13902-4126.