006.05.308-26-51-807. FILING RETURNS
AR ADC 006.05.308-26-51-807Arkansas Administrative Code
Ark. Admin. Code 006.05.308-26-51-807
006.05.308-26-51-807. FILING RETURNS
It is important that a complete income tax return be filed on or before the return's due date. An incomplete income tax return will not be accepted. If the taxpayer is unable to file a complete return on or before the return's due date, the Department is authorized to grant a reasonable extension of time for filing the income tax return. Form AR1055, Request For Extension Of Time For Filing Income Tax Returns, is available for use in requesting an extension. The request should state in detail the necessity for the extension, and whether or not the federal government has granted such extension. If the request is approved, the Department will mail a confirmation to the taxpayer. A copy of the confirmation must be attached to the income tax return when it is filed. A tax practitioner submitting a request for an extension of time must complete a separate request for each taxpayer. Refer to 1.26-18-505(a)(3)(A) and 1.26-18-505(a)(3)(B) for important related information on “state” extensions of time. Any federal extensions that have been taken should be applied first; Arkansas (that is, state) extensions should be applied subsequent to any federally granted extensions.
Requests for extensions on “C” corporation income tax returns should be addressed to: Corporation Income Tax Section, P.O. Box 919, Little Rock, Arkansas 72203-0919.
The following procedures for reviewing and granting extensions for filing Arkansas corporation income tax returns have been established for the Corporation Income Tax Section. Refer to 1.26-18-505(a)(3)(A) and 1.26-18-505(a)(3)(B) for important related information on “state” extensions of time. Any federal extensions that have been taken should be applied first; Arkansas (that is, state) extensions should be applied subsequent to any federally granted extensions.
Due date for Arkansas corporation income tax returns:
All Arkansas income tax returns for corporations made on the basis of a calendar year shall be filed on or before the 15th day of May following the close of the calendar year. Such returns made on the basis of a fiscal year shall be filed on or before the 15th day of the fifth month following the close of the fiscal year.
Extension of time for filing an Arkansas income tax return with a federal extension -- examples:
1) Any corporation who requests an automatic federal extension of time for filing a federal income tax return and attaches a copy of the request to the corporation's Arkansas income tax return shall automatically receive an extension of time until the due date of the federal income tax return to file the Arkansas return.
Example: Calendar year ending 12/31/93, therefore federal return's original due date is 03/15/94 and the Arkansas return's original due date is 05/15/94. If a copy of the federal six (6) month extension is attached to the Arkansas return, the Arkansas return must be filed on or before the federal extended due date of 09/15/94 (original federal due date 03/15/94, plus the six (6) month federal extension).
2) The Department may allow further time for filing income tax returns under the provisions for extensions in ACA 26-18-505. A corporation which receives a federal extension shall automatically receive an extension of time until the due date of the federal return, plus an additional 30, 60 or 90 day extension if requested (under ACA 26-18-505) before the due date of the federal extension. A copy of the federal extension must be attached to the first extension request under ACA 26-18-505. A second extension under ACA 26-18-505 of 30, 60, or 90 days may be granted if the corporation demonstrates the existence of extraordinary circumstances. The request for a second extension must be made before the due date allowed by the first extension.
Example: Calendar year ending 12/31/93, therefore federal return's original due date is 03/15/94 and the Arkansas return's original due date is 05/15/94. The corporation has received a federal extension and requests additional time beyond the federal extension to file its Arkansas return. The first extension request under ACA 26-18-505 must be filed on or before 09/15/94 (original federal due date of 03/15/94, plus a six (6) month federal extension). The request must be filed on Arkansas Form AR1055, stating the reason for the request and the requested time period (either 30, 60 or 90 days). If a 90 day extension is approved, the Arkansas return must be filed on or before 12/15/94 (original federal due date of 03/15/94, plus six month federal extension, plus 90 day Arkansas extension).
Example: Calendar year ending 12/31/93, with a six (6) month federal extension and a 90 day extension approved under ACA 26-18-505. Corporation requests an additional extension under ACA 26- 18-505 due to extraordinary circumstances. The request for an additional extension must be filed on or before 12/15/94 (original federal due date of 03/15/94, plus the six (6) month federal extension, plus the first 90 day extension under ACA 26-18-505). The request must be filed on Arkansas Form AR1055, stating the reason for the request and the requested time period (either 30, 60 or 90 days). If the additional 90 day extension is approved, the Arkansas return must be filed on or before 03/15/95 (original federal due date of 03/15/94, plus the six (6) month federal extension, plus the first 90 day extension under ACA 26-18-505, plus the second (or “additional”) 90 day extension under ACA 26-18-505).
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.308-26-51-807, AR ADC 006.05.308-26-51-807
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