For fiscal year taxpayers, the due date for paying tax due, filing return/extension is by the 15th day of the 3rd month following the end of tax period. For calendar year taxpayers, the due date is March 16.
If you fail to pay the tax due on time, the Massachusetts Department of Revenue will impose a penalty on unpaid tax at the rate of 1% per month on the tax due which can increase up to a maximum of 25%.
Payment of tax dues
For paying the tax due, include the Check or Money order with the state extension tax Form 355-7004 (Application for Corporate Extension) and mail it to the Department of Revenue, Massachusetts.
To pay electronically, check out the payment options available.
|Tax Type||State Tax Form||Due date (Fiscal year)||Due date (Calendar year)||Extension Period||State tax Payment form|
|Corporate Excise Tax||Form 355||15th day of the 3rd month||March 16||6 months||Form 355-7004|
For more information on business state tax extension, click here