Ohio State Tax Extensions: Business, Personal, Information and Nonprofit Tax Returns

Ohio Withholding Tax Extension Payment Coupon for Pass-Through Entities and Trusts

If the qualifying pass-through entity or the qualifying trust has an extension of time to file the federal tax return (IRS form 1065, 1120S or 1041), then the qualifying pass-through entity or qualifying trust has the same extension of time to file the Ohio form IT 1140.

Penalties and Interest

If the entity fails to file the Ohio pass-through entity and trust withholding tax return by the due date (or extended federal due date), the law provides for a failure to file penalty, which is the greater of $50 per month up to a maximum of $500, or 5% per month up to a maximum of 50% of the tax.

If the entity fails to pay the full amount of tax by the 15th day of the fourth month following the last day of the taxable year, the law provides for a failure-to-pay penalty, which is up to a maximum of double the interest charged. The penalty will not apply if the entity obtained a federal extension of time to file and if the entity's total payments made by the due date without extension equal or exceed 90% of the total Ohio tax due. To make an extension payment, please use the year 2024 Ohio form IT 1140EXT, which is on our Web site at tax.ohio.gov.

In all cases, interest is due on the late payments from the unextended due date to the date of payment. The interest rate is 3% per annum for 2024 and 3% per annum for 2025.

Ohio IT 1041

Fiduciary Income Tax Return Instructions

Extensions to File
If the trust or estate qualifies for and receives a federal extension of time to file, then the trust or estate automatically has the same extension of time to file the Ohio return. However, the trust or estate must include a copy of the federal extension to the Ohio return. If the fiduciary electronically obtained the federal extension, then, when filing the Ohio form IT 1041, the fiduciary must provide the federal confirmation number for the extension.

Caution: An extension of time to file does not give the estate or trust an extension of time to pay. Make Ohio extension payments on the Ohio form IT 1041 EXT or IT 1041ES, which are available on the department's Web site at tax.ohio.gov. Mail to:
Ohio Dept. of Taxation
P.O. Box 2619
Columbus, OH 43216-2619

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How can I get an extension to file my Ohio Income Tax Return?

You must first file for an IRS extension of time. Ohio does not have a state extension form but allows the same extension as allowed by the IRS. You must include with your Ohio individual income tax return a copy of your IRS extension or your extension confirmation number or a printed copy of the IRS acknowledgement.

Except as set forth in the Exception below, there is no extension for paying the tax.

Exception:Certain military personnel may have an additional extension to file and pay. For additional information, please review Income Taxes and the Military.

The extension of time is granted for filing only. If you determine that you will owe tax, you must make your payment by April 15, 2020. Ohio voucher payment form IT 40P must accompany your payment. When you prepare your Ohio income tax return, you can claim this payment as an IT 40P payment online 20 of the Ohio IT 1040 Income Tax Return.

Should I file my Ohio individual income tax return even though I can't Pay?

Yes. Filing your income tax return, even without payment if you owe, will avoid costly late filing penalties. Ohio Department of Taxation encourage you to make payment in full as soon as you are able. Ohio Department of Taxation will bill you for the tax plus additional charges at a later date. The Ohio Department of Taxation is not authorized to make payment plans.

Even if you are only making a partial payment, please include the Ohio form IT 40P and be sure to indicate on your check your social security number and the taxable year. Please do not enclose a copy of your income tax return with your check.

Ohio epayment:
Certain military personnel may have an additional extension to file and pay; see Income Taxes and the Military for more information. If you are sending this voucher and paper check or money order (payable to Ohio Treasurer of State) with your income tax return, mail to the address shown below:
Department of Taxation,
P.O. Box 182131,
Columbus, OH 43218-2131.

FT 1120 E/ ER /EX.
Corporations: Ohio Tax Extension Payment Voucher Form FT-1120 E/ER/EX (PDF)The tax commissioner will grant an automatic extension of time for filing the report to May 31, if by March 31, the taxpayer submits form FT 1120ER together with payment of the second one-third of the estimated tax due. If the taxpayer will file its franchise tax report after March 31, the taxpayer must submit form FT 1120ER by March 31, even if no additional payment is due.

Additional Extension The tax commissioner will grant an additional automatic extension of time for filing the report beyond May 31, if the taxpayer has been granted an extension by the Internal Revenue Service and by May 31, the taxpayer submits form FT 1120EX together with the balance of the tax due.

The second extension extends the filing date to the 15th day of the month following the month for which the Internal Revenue Service has granted an extension for filing the corporation's federal income tax return. The taxpayer must include a copy of the federal extension with the franchise report, form FT 1120, when filed. If the taxpayer will file its franchise tax report after May 31, the taxpayer must submit form FT 1120EX by May 31, even if no additional payment is due.

Each member of a combined franchise tax report must file its own separate forms FT 1120E, FT 1120ER and FT 1120EX.

• If the taxpayer's taxable year ended on or after August 31, the taxpayer has the maximum allowable federal extension,
• The taxpayer timely filed franchise tax forms FT 1120E, FT 1120ER and, if applicable, FT 1120EX, and
• The taxpayer has timely paid estimated franchise tax.

Note: Payment of all franchise tax for tax year 2024 is due by May 31, 2025, even if the taxpayer has an extension to file after that date.

File the franchise report with the:
Ohio Department of Taxation,
P.O. Box 804,
Columbus,
OH 43216-0804.

Why should I use ExpressExtension?

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.