Extension of Time for Filing

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Extension of Time for Filing

In taxes, the process by which one receives permission to file one's return at a later date. For example, in the United States, the deadline to file tax returns is April 15. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until October 15. In this case, October 15 is called the extension date.
References in periodicals archive ?
6161, underpayment or nonpayment penalties and interest continue from the April 17, 2012, extension filing date through the date of payment, uninterrupted by the disaster, because the payment due date preceded the postponement period.
Also, check for state extension filing requirements.
If uncertainty over return and extension filing dates does not lead the CPA.
In an extension filing with the Securities and Exchange Commission ("SEC") on May 11, 2006, the Company reported that its independent auditor, KPMG LLP, had informed Company management on May 10th that the Company needed to implement an alternative method of accounting for its stock option costs under the new accounting pronouncement.
In its extension filing with the SEC, the Company explained that the Form 10-Q filing was delayed because the Company was still completing procedures necessary for closing the quarter, including finalizing its analyses of inventory valuation, long-lived assets impairment and deferred income tax assets valuation.
The IRS is clear regarding rules for extension filing, so to avoid penalties, interest, and other headaches, taxpayers may want some professional advice.
Additionally, the Company's Form 10-QSB for the quarter ending January 31, 2006 has been delayed past its extension filing date.
AMEX:PST) announced that it did not file its September 30, 2006 Form 10-Q within the five day extension filing period due to recent events and the engagement of new independent auditors.
In the extension filing, the Company also stated that results of operations for fiscal 2005 will be significantly better than results of operations for fiscal 2004 reported in the 2004 Form 10K/A just filed.
AMEX:PST) announced today that it will not be filing its September 30, 2006 Form 10-Q within the five-day extension filing period due to recent events and the engagement of new independent auditors.
com lineup of services this week, the extension filing service is already proving popular.
The Company also reported in its SEC extension filing that it expects to report a net loss of approximately $4.