A corporation or S corporation can get a six-month automatic extension of time to file its income tax return. Most corporations apply for the extension because 2 1/2 months isn’t enough time to get the information required to prepare their income tax returns. Some expenses paid after the year-end may be currently deductible. The time for paying the tax isn’t extended.
Tax Deadlines (Part Two)
Posted on 02/21/2013 in News