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Level 2
posted Mar 7, 2021 8:10:51 AM

If I filed for an extension with my S-Corp, do I also need to file at the state level?

Hello ,

 

    My S-Corp does business in Florida and Mass.  I recently filed for an deadline extension with my S-Corp federal return.  Do I also need to file at the Mass. & Florida state level to get their deadline extension?

 

Thanks,

   Erik

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1 Replies
Level 10
Mar 7, 2021 9:12:06 AM

A quick google search seems to show that you do need to file for a FL extension, but might not need to so MA if you have madesufficient payments (see below)

 

See these links:

 

https://floridarevenue.com/taxes/taxesfees/Pages/corporate.aspx  ("Extensions of Time")

 

https://www.mass.gov/info-details/2021-dor-tax-due-dates-and-extensions#corporate-

 

Under corporate it says: 

 

  • Corporate excise taxpayers receive an automatic extension of time to file their tax returns as long they have paid the greater of (1) 50% of the total amount of tax ultimately due or (2) the minimum corporate excise by the original due date for filing the return.
  • If requesting time to file a return please ensure to deposit what you estimate you owe in tax as your extension payment. There are no zero extensions, a payment must be made in order to file an extension.
  • Filing an extension with the IRS does not count as filing an extension for Massachusetts.
  • An extension is an extension of time to file not to pay, any amount due will incur interest even if a valid extension is on file.