Wednesday, May 16, 2012

Extension requests up, payments down


The Tax Division received about 21,000 applications for automatic six-month filing extensions this year, up about 2 percent from last year.

The extension applications were accompanied by about $52.13 million in payments of personal income tax, down 9.56 percent from last year.

In general, an application for an automatic six-month extension must be filed on paper – typically using Form RI-4868 – by mid-April. It is an extension of the time to file, not of the time to pay; payments still must be paid by the usual mid-April deadline. (The Tax Division does not currently accept electronically filed extensions. However, the actual returns that are filed on extension can be e-filed.)




Filing season 2011


Filing season 2012

Difference
Extension requests
20,953
21,347
+   1.88%
Payments
$ 57,638,000
$ 52,130,000
-    9.56%
Average payment per request
$ 2,751
$ 2,442
-  11.23%