Payment penalties together cannot exceed 25%. Composite tax should be remitted on Form IT-560C. Individuals and fiduciaries should remit payment due on Form IT-560. Late payment penalty will be assessed at a rate of 1/2 ofġ% per month if tax due on the return is not paid by the date prescribed by law. Interest that accrues for months beginning on or after Jaccrues as provided by Georgia Code Sections 48-7-81 and 48-13-79.ĩ) Late filing penalty on returns filed after the due date prescribed by law will be assessed at a rate of 5% per monthĬomputed on the tax not paid by the original due date. Corporations not filing consolidated returns may request an extension for filing income tax and net worth taxĨ) Interest accruing for months beginning before Jaccrues at the rate of 12 percent annually. For tax years beginning on or after January 1, 2016, a fiduciary will only be granted an extension up to 5 and one-half months.ħ) Corporations filing consolidated returns must file a separate application for extension for filing Net Worth Tax for each If applicable,Įxplain why it was not necessary to request a federal filing extension.Ħ) Additional time to file, within the six month limit, will require the submission of a new form along with a copy of the firstĮxtension request. Application must be made on thisįorm, unless a copy of an approved federal extension is attached to your Georgia return when filed. Retain the other copy for yourĤ) Separate applications for extension must be submitted for husband and wife if seperate returns are filed.ĥ) An extension request will not be accepted by telephone. Box 740320, Atlanta, GA 30374-0320.ģ) One copy of the extension must be attached to the completed return when filed. ![]() Georgia Department of Revenue, Processing Center, P. ![]() Mail the original form prior to the return due date to: IT-303 Version 2APPLICATION FOR EXTENSION OF TIMEġ) Extensions of time for filing returns may be granted in cases of sickness, absence, or other disability or wheneverĢ) This form must be completed in triplicate. Application for Extension of Time for Filing
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