Time Extension For Return Submission In Ohio

State:
Multi-State
Control #:
US-0018LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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FAQ

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.

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.

Most states don't require you to file separate state extension forms if you don't owe any additional taxes. When you file your state return, you only need to attach a copy of your federal extension form.

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.

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

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Time Extension For Return Submission In Ohio