Franchise tax return extension

According to the Oklahoma Tax Commission, there's no extension request for a separately filed franchise tax return.
A corporation that makes an election to file and pay the franchise tax on the due date of the corporate income tax return before July 1 can file an estimated franchise tax return on the original due date of the return. The corporation needs to pay any balance due at that time. An estimated return doesn't prevent the accrual of late filing interest and penalties if you don't pay the amount due on the return on time. The corporation would then need to file a final return on the extension date.
A corporation that has made an election to file 1 return for both franchise and corporate income taxes before July 1 should add any estimated franchise tax payment to the corporate income tax return application for extension.
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