PURPOSE: This rule clarifies the procedures for filing request for extensions of time for bank tax returns. (1) Reasonable extension of time to file under sections 148.010– 148.110, RSMo is defined by the director of revenue to mean a period not to exceed one hundred eighty (180) days from the due date, April 15, for each taxable year. The extension request shall include either a copy of Extension of Time to File, Form 7004, filed with the federal government or the Missouri Application for Extension, Form 60. The request shall clearly state the reason for extending the filing date. The extension shall be granted only if it has been filed on or before the due date of the return. The extension shall be deemed granted unless denied in writing by the director of revenue. The extension may be denied or suspended at any time upon written notice to the applicant by the director of revenue.

1. (2) Any taxes not paid before the original due date shall bear interest computed in accordance with section 32.065, RSMo.
2. (3) The return shall be filed and all unpaid taxes plus interest shall be remitted on or before the last day of the extension.

AUTHORITY: section 148.100, RSMo 1986.* Original rule filed Oct. 1, 1985, effective Dec. 26, 1985.

*Original authority: 148.100 RSMo 1945.