Does Minnesota State recognize an automatic federal extension, form 7004? Like some States, Minnesota State Corporations are granted an automatic seven-month extension to file Form M4, the franchise tax return for Minnesota. Minnesota State does not require a corporation to submit a tax form to receive the seven-month filing extension.
In situations where the Internal Revenue Service (IRS) grants an extension of time to file your federal return that is longer than the Minnesota automatic seven-month extension, the Minnesota State filing due date is also extended to the federal due date.
As with all federal and state extensions, any tax liability that is not paid by the regular due date is subject to penalties and interest |