Massachusetts Business Tax Extension Filing Instructions
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Last modified 3/20/2023 4:22:41 AM EST |
Added by ExpressExtension Team
Any businesses operating in Massachusetts (C-Corporation, Security Corporation, Corporate Combined, partnership, and fiduciaries) are granted an automatic extension of time to file the Massachusetts business income tax return.
Extension Form to use
There is no state-specific form to request an extension, as the state of Massachusetts automatically provides the extension for up to 6 months for businesses to file an income tax return with the state.
Due date to file Massachusetts tax Extension
- Corporations - Due by the 15th day of the fourth month following the close of the corporation’s tax year.
- S-Corporations - Due by the 15th day of the third month following the close of the s corporation tax year.
- Partnerships - Due by the 15th day of the fourth month following the close of the partnership’s tax year.
- Fiduciary & Estate - Due by the 15th day of the fourth month following the close of the entity’s tax year.
Massachusetts tax Extension Filing Method (Paper/Electronic)
State of Massachusetts supports both paper and electronic filing options.
How to pay the state tax due?
You can choose to pay your balance due along with your MA extension by using any one of the following options:
- Electronic Funds Transfer - ACH Credit and ACH Debit.
Any fiduciary taxpayer making an Massachusetts extension payment of $5,000 or more must make the payment using electronic means.
Corporations with $100,000 or more in receipts or sales must submit their extension payment, electronically. Also, any corporation making an extension payment of $5,000 or more must make the payment using electronic means.
- Pay online using MassTaxConnect.
- Check or money order
- Use Form 355-7004 - Corporate Extension Payment Worksheet and Voucher.
- Use Form M-8736- Fiduciary Extension Payment Worksheet and Voucher.
Does ExpressExtension support this State filing?
Massachusetts business extensions are automatic, which means there is no application to submit.
Any Special Requirements?
A tax extension only gives you more time to file, not to pay.
- Businesses operating as a corporation should pay more than 50% of the total amount of tax due or the minimum corporate excise by the original due date for filing the return
- Businesses operating as fiduciary or partnership should pay more than 80% of the total amount of tax due by the original due date for filing the return.
Taxpayers meeting the payment requirements will be given an automatic six-month extension to file their returns.
For more information regarding Massachusetts business state tax extension, click here.