Form D 1120EXT City of Detroit Detroitmi

What is the Form D 1120EXT City Of Detroit Detroitmi

The Form D 1120EXT is a tax extension form specifically designed for businesses operating within the City of Detroit, Michigan. This form allows corporations to request an extension of time to file their corporate income tax returns. By submitting this form, businesses can gain additional time to prepare their tax documents without incurring penalties for late filing. It is essential for corporations to understand that while this form extends the filing deadline, it does not extend the time to pay any taxes owed.

How to use the Form D 1120EXT City Of Detroit Detroitmi

Using the Form D 1120EXT involves several straightforward steps. First, ensure you have the correct form, which can be obtained from the City of Detroit's official website or through authorized tax professionals. Once you have the form, fill it out with accurate information regarding your business, including your tax identification number and the tax year for which you are requesting an extension. After completing the form, it must be submitted to the appropriate city tax authority by the specified deadline. Remember, submitting this form does not eliminate your obligation to pay any taxes due; it merely extends the time to file your return.

Steps to complete the Form D 1120EXT City Of Detroit Detroitmi

Completing the Form D 1120EXT requires careful attention to detail. Follow these steps for accurate completion:

• Obtain the latest version of the Form D 1120EXT.
• Fill in your business name and address accurately.
• Provide your tax identification number (EIN) and the tax year for which the extension is requested.
• Indicate the total tax liability you expect for the year.
• Sign and date the form to certify the information is correct.
• Submit the form to the City of Detroit's tax office by the due date.

Filing Deadlines / Important Dates

Filing deadlines for the Form D 1120EXT are crucial for compliance. Generally, this form must be submitted by the original due date of the corporate income tax return. For most corporations, this is typically the 15th day of the fourth month following the end of the tax year. It is advisable to check the specific deadlines for your business, as they may vary based on the fiscal year or any changes in local tax regulations.

Legal use of the Form D 1120EXT City Of Detroit Detroitmi

The Form D 1120EXT is legally recognized as a valid request for an extension of time to file corporate tax returns in Detroit. To ensure its legal standing, the form must be completed accurately and submitted on time. Compliance with local tax laws is essential, as failure to file or pay taxes on time can result in penalties. By using the Form D 1120EXT correctly, businesses can maintain compliance while securing additional time to prepare their tax filings.

Who Issues the Form

The Form D 1120EXT is issued by the City of Detroit's Department of Treasury. This department is responsible for managing the city's tax collection and compliance processes. Businesses seeking this form should ensure they are using the most current version available from the city’s official resources to avoid any issues with their tax filings.