Cons of filing a tax extension If your estimate is not correct and you owe taxes when you file your return on October 15, you will owe penalty and interest charges. ing to the IRS, as of 2023, the interest rate is currently 7% compounded daily.

Ohio Tax Extension Form: Ohio does not have its own separate state extension form. To obtain an Ohio tax extension, you must first file a Federal tax extension (IRS Form 4868). If you have a valid 6-month Federal extension, you will automatically receive an Ohio extension for the same amount of time.

Late filing penalty is the greater of 5% of the tax due or $50.00 for each month the return is late, up to a maximum of 50% of the tax due or $500, even if the late-filed return results in a refund. Please respond within 21 days to avoid further collection actions.

You can get an automatic extension of time to file your tax return by filing Form 4868 electronically.

Ohio Cities accept extension requests with or without payments. Ohio Cities also accept federal Form 4868 as the extension request. Filing a federal or city extension potentially eliminates fail-to-file penalties if certain criteria are met.

Ohio does not have an extension request form, but honors the IRS extension.

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Filing Season Open: January 29, 2024. Filing Season Deadline: April 15, 2024.An extension request must be submitted on or before the date the municipal income tax return is due. Download and complete a Form 32 EST-EXT. This gives you until October 15 to file without penalties. If you need more time to file your Ohio tax return, file a federal extension. When you later file your Ohio return, answer Yes to the question. Ohio offers a 6-month extension for individuals that have an approved Federal extension, which moves the filing deadline from April 15 to October 15. The Ohio Department of Taxation doesn't have an extension request form. Instead, filing federal Form 4868 with the IRS serves as the Ohio extension request.

Time Extension For Return Submission In Ohio

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