The North Carolina Department of Revenue (NCDOR) released a notice on 29 January 2025, announcing that it has revised the filing deadline for franchise and corporate income tax returns.
As per the notice, for tax years beginning on or after 1 January 2025, a corporate taxpayer who cannot file their corporate return by the original due date of the return may be granted a 7-month extension of time to file the return with the Department.
Generally, the original due date to file a corporate tax return is the 15th day of the fourth month following the close of the income year. Of note, a corporate taxpayer that is granted an automatic extension to file its federal income tax return will be automatically granted 7 months to file its corresponding corporate return, provided the corporate taxpayer certifies on its corporate return that the corporation was granted an automatic federal extension.
If the corporate taxpayer is not granted an automatic extension to file its federal income tax return, the corporate taxpayer may receive a State extension by filing Form CD-419 – Application for Extension Franchise and Corporate Income Tax, by the original due date of the corporate return.
For more information on obtaining extensions, visit the Department’s official website or refer to the Corporate Income, Franchise, and Insurance Tax Bulletin.
