(a) Federal extension of time — Arkansas Code § 26-51-807.

1. (1)

   1. (A) It is important that a complete income tax return be filed on or before the return's due date.
   2. (B) An incomplete income tax return will not be accepted.

2. (2)

   1. (A) If the taxpayer is unable to file a complete return on or before the return's due date, the Department of Finance and Administration is authorized to grant a reasonable extension of time for filing the income tax return.
   2. (B) Form AR1055, Request For Extension Of Time For Filing Income Tax Returns, is available for use in requesting an extension.
   3. (C) The request should state in detail the necessity for the extension and whether or not the federal government has granted such extension.
3. (3) If the request is approved, the department will mail a confirmation to the taxpayer.
4. (4) A copy of the confirmation must be attached to the income tax return when it is filed.
5. (5) A tax practitioner submitting a request for an extension of time must complete a separate request for each taxpayer.
6. (6) Refer to 26 CAR § 130-111(a) and (b) for important related information on state extensions of time.

7. (7)

   1. (A) Any federal extensions that have been taken should be applied first.
   2. (B) Arkansas (that is, state) extensions should be applied subsequent to any federally granted extensions.
8. (8) Requests for extensions on Subchapter C corporation income tax returns should be addressed to: Department of Finance and Administration Corporation Income Tax Section P.O. Box 919 Little Rock, Arkansas 72203-0919

(b) Federal extension of time — Arkansas Code § 26-51-807.

1. (1)

   1. (A) The following procedures for reviewing and granting extensions for filing Arkansas corporation income tax returns have been established for the Corporation Income Tax Section of the Department of Finance and Administration.
   2. (B) Refer to 26 CAR § 130-111(a) and (b) for important related information on state extensions of time.

2. (2)

   1. (A) Any federal extensions that have been taken should be applied first.
   2. (B) Arkansas (that is, state) extensions should be applied subsequent to any federally granted extensions.

3. (3) Due date for Arkansas corporation income tax returns.

   1. (A) All Arkansas income tax returns for corporations made on the basis of a calendar year shall be filed on or before the fifteenth day of May following the close of the calendar year.
   2. (B) Such returns made on the basis of a fiscal year shall be filed on or before the fifteenth day of the fifth month following the close of the fiscal year.

4. (4) Extension of time for filing an Arkansas income tax return with a federal extension — Examples.

   1. (A) Any corporation that 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 December 31, 1993, therefore federal return's original due date is March 15, 1994, and the Arkansas return's original due date is May 15, 1994. If a copy of the federal six- month extension is attached to the Arkansas return, the Arkansas return must be filed on or before the federal extended due date of September 15, 1994 (original federal due date March 15, 1994, plus the six-month federal extension).
   2. (B)

(i) The department may allow further time for filing income tax returns under the provisions for extensions in Arkansas Code § 26-18-505.

1. (ii) A corporation that receives a federal extension shall automatically receive an extension of time until the due date of the federal return, plus an additional thirty-day, sixty-day, or ninety-day extension if requested (under Arkansas Code § 26-18-505) before the due date of the federal extension.

   1. (iii) A copy of the federal extension must be attached to the first extension request under Arkansas Code § 26-18-505.

      1. (iv) A second extension under Arkansas Code § 26-18-505 of thirty (30), sixty (60), or ninety (90) days may be granted if the corporation demonstrates the existence of extraordinary circumstances.
      2. (v) The request for a second extension must be made before the due date allowed by the first extension. Example 1: Calendar year ending December 31, 1993, therefore federal return's original due date is March 15, 1994, and the Arkansas return's original due date is May 15, 1994. 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 Arkansas Code § 26-18- 505 must be filed on or before September 15, 1994 (original federal due date of March 15, 1994, plus a six-month federal extension). The request must be filed on Arkansas Form AR1055, stating the reason for the request and the requested time period (either thirty (30), sixty (60), or ninety (90) days). If a ninety- day extension is approved, the Arkansas return must be filed on or before December 15, 1994 (original federal due date of March 15, 1994, plus six-month federal extension, plus ninety-day Arkansas extension). Example 2: Calendar year ending December 31, 1993, with a six-month federal extension and a ninety-day extension approved under Arkansas Code § 26-18-505. Corporation requests an additional extension under Arkansas Code § 26-18-505 due to extraordinary circumstances. The request for an additional extension must be filed on or before December 15, 1994 (original federal due date of March 15, 1994, plus the six-month federal extension, plus the first ninety-day extension under Arkansas Code § 26-18-505). The request must be filed on Arkansas Form AR1055, stating the reason for the request and the requested time period (either thirty (30), sixty (60), or ninety (90) days). If the additional ninety-day extension is approved, the Arkansas return must be filed on or before March 15, 1995 (original federal due date of March 15, 1994, plus the six-month federal extension, plus the first ninety-day extension under Arkansas Code § 26-18-505, plus the second (or additional) ninety-day extension under Arkansas Code § 26-18-505).
   2. (C) If an extension request is denied, the taxpayer shall file its Arkansas income tax return and pay any tax, penalty, and interest due thereon at the rate prescribed by Arkansas law, calculated from the return's original due date until the date the return is filed and any tax due thereon is paid.