Extension of Time for Filing

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 ?
In view of the requests received from both the provinces of the Punjab and Sindh regarding extension of time for filing of nomination papers by the candidates and considering the problems being faced by the candidates in this regard, the Election Commission has extended the date by one day for receiving the nomination papers and has directed all the Returning Officers to receive nomination papers from the candidates on Nov13 from 08:00 to 04:00 pm for Local Government Elections in the Punjab and Sindh.
6511(a), the amount of the credit or refund shall not exceed "the portion of the tax paid within the period, immediately preceding the filing of the claim, equal to 3 years plus the period of any extension of time for filing the return.
On October 21, TEI critiqued proposals that would authorize the Tax Commissioner to eliminate paper requests for an extension of time for filing income tax returns and increase the penalty for failing to pay at least 90 percent of the tax by the original due date from 0.
6511(b)(2)(A) declares that if the refund claim is filed within three years of filing the return, the amount of the allowable refund is limited to the amount paid within the period that is "equal to three years plus the period of any extension of time for filing the return.
2-22-00), 85 AFTR 2d 2000463, the Court relied on IRC section 6511 (b)(2)(A), which states that "the amount of the credit or refund shall not exceed the portion of the tax paid within the period immediately preceding the filing of the claim, equal to 3 years plus the period of any extension of time for filing the return.
This extension of time for filing the Company's reports results from a hearing before a Nasdaq panel as previously announced.
However, an extension of time for filing a return does not operate to extend the time for payment of tax.
This proposal would authorize the Tax Commissioner to adopt procedures that eliminate paper requests for an extension of time for filing income tax returns.
At that hearing, in addition to an extension of time for filing the Annual Report on Form 10-K, the Company requested an extension of time to file its Form 10-Q quarterly report for the first quarter of fiscal 2005 ended December 25, 2004.
6511(b)(2)(A) provides that "[i]f the claim was filed by the taxpayer during the 3-year period prescribed in subsection (a), the amount of the credit or refund shall not exceed the portion of the tax paid within the period, immediately preceding the filing of the claim, equal to 3 years plus the period of any extension of time for filing the return.
Section 6611(e) further provides that no interest is allowed on an overpayment of income tax if such overpayment is refunded within 45 days after the date prescribed for filing the return of such tax (determined without regard to any extension of time for filing the return) or is refunded within 45 days after the return is filed where the return is filed after such last date.
6511 (a)'s three-year period applies, the taxpayer may recover the amount paid within three years preceding the filing of the claim, plus any extension of time for filing the original return (the three-year lookback period).