1. (a) First ninety-day state extension — Arkansas Code § 26-18-505(a)(3).

   1. (1) Taxpayers may request a ninety-day state extension for filing the Arkansas corporation income tax return from the Corporate Income Tax Section of the Department of Finance and Administration.

   2. (2) This request shall be made:

      1. (A) In writing; and
      2. (B) On or before:

2. (i) The original due date of the return; or

   1. (ii) If applicable, the due date for the federal return as extended by the Internal Revenue Service’s six-month automatic extension.
   2. (3) Upon receipt by the Department of Finance and Administration, the extension request will be approved or disapproved and a confirmation will be sent back to the taxpayer.
   3. (4) If approved, the confirmation must be attached to the return when filed.
   4. (5) An approved extension only extends the filing due date and does not extend the due date for payment of any income tax due.
   5. (6) If any tax due is reflected on the filed return but was not paid on or before the original due date, interest at the rate of ten percent (10%) per annum will be assessed from the original due date until the tax is paid.
   6. (7) Likewise, a failure-to-pay penalty under Arkansas Code § 26-18-208(2)(A) will apply to any tax not paid on or before the extended due date.

   7. (8)

      1. (A) Refer to 26 CAR § 130-149(a) and (b) for important related information on federal extensions of time.
      2. (B) Any federal extensions that have been taken should be applied first.
      3. (C) Arkansas (that is, state) extensions should be applied after any federally granted extensions. Example: Without a federal extension: Calendar year ending December 31, 1993, therefore Arkansas return's original due date is May 15, 1994. Arkansas extension request must be filed on or before May 15, 1994, on Arkansas Form AR1055, stating the reason for the request. If a ninety-day extension is granted, the Arkansas return must be filed on or before August 15, 1994.

3. (b) Second ninety-day state extension — Arkansas Code § 26-18-505(a)(3)(B).

   1. (1) The Secretary of the Department of Finance and Administration may issue a second ninety-day state extension for extraordinary circumstances.
   2. (2) This additional extension will run consecutively with the first extension.
   3. (3) This request shall be made on or before the expiration of the first ninety-day extended due date.
   4. (4) Refer to 26 CAR § 130-149(a) and (b) for important related information on federal extensions of time.

   5. (5)

      1. (A) Any federal extensions that have been taken should be applied first.
      2. (B) Arkansas (that is, state) extensions should be applied after any federally granted extensions. Example: Without a federal extension: Calendar year ending December 31, 1993, with an approved Arkansas ninety-day extension. If the taxpayer requested an additional extension of sixty (60) days, the request must be filed on or before August 15, 1994 (the Arkansas income tax return's original due date of May 15, 1994, plus the first ninety-day extension). If the additional sixty-day extension is approved, the Arkansas return must be filed on or before October 15, 1994 (first Arkansas extended due date of August 15, 1994, plus the additional sixty-day extension).

Codification Notes: Arkansas Code § 26-18-505(a)(3)(A) and (a)(3)(B) were removed by Acts 2007, No. 369, § 1.