North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .2004

Extension Of Filing Date

Official textreports.oah.state.nc.us22 subsections

# (a)

A corporation shall receive an extension of time to file its corporate franchise and income tax return either: (1) In accordance with G.S. 105-263(c), or (2) If the corporation timely files Form CD-419, Application for Extension for Corporate Franchise and Income Tax, on or before the original due date of the return.

# (b)

Form CD-419 shall include the following elements:

# (1)

total franchise tax due;

# (2)

franchise tax credits taken;

# (3)

net franchise tax due;

# (4)

total corporate income tax due;

# (5)

estimated income tax payments;

# (6)

corporate income tax credits taken;

# (7)

net corporate income tax due;

# (8)

total franchise and corporate income tax due with this application;

# (9)

beginning and ending tax year;

# (10)

Federal Employer ID Number;

# (11)

N.C. Secretary of State ID Number:

# (12)

legal name;

# (13)

address;

# (14)

designation if tax exempt or non U.S./foreign entity, or cooperative or mutual association;

# (15)

franchise tax paid;

# (16)

corporate income tax paid; and (17) total tax paid with application.

# (c)

Length of Extension of Time to File:

# (1)

For tax years beginning on or after January 1, 2008, and before January 1, 2025, the extension of time is six months from the original due date of the return.

# (2)

For tax years beginning on or after January 1, 2025, the extension of time is seven months from the original due date of the return.

# (d)

Payment of tax is not required to obtain an extension; however, interest accrues at the rate set under G.S. 105-241.21(a) on the amount not paid by the original due date of the corporate franchise and income tax return and the failure to pay penalty in G.S. 105-236(a)(4) applies to the amount not paid by the original due date of the return.

Last amended: Authority G.S. 105-262; 105-263; Eff. April 1, 1999; Amended Eff. January 1, 2009; July 1, 1999; January 1, 1994; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017; Amended Eff. January 1, 2025.

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