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PYM-004 e-file error

355-7004 was filed with no payment information. According to TIR 15-15 extensions are granted automatically if 50% of the total excise has been paid by the original due date. Form 355-7004 should only be filed if a payment needs to be made in order to satisfy the minimum 50% requirement for the automatic extension.
Form 355-7004 was submitted without a payment.

Solution

According to TIR 15-15, extensions are granted automatically if 50% of the total excise has been paid by the original due date. Only file Form 355-7004 if a payment needs to be made to satisfy the minimum 50% requirement for the automatic extension. Massachusetts doesn’t accept e-filed extensions without payment. Refer to TIR 15-15 for additional information.
Follow these steps to make a payment with the extension:
  1. Go to
    Organizer
    ,
    States
    ,
    Common State
    ,
    General Information
    ,
    Bank Information
    , then the
    Extension Debit
     tab.
  2. On the line for Massachusetts, mark
    Column B for Authorization to Debit Funds
    .
  3. Complete the following fields:
    • Account Number
    • Amount to be Debited
    • Account Type
    • Date Amount to be Debited
    • Routing Number
  4. Perform a full recompute, re-create the e-file, then re-submit.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1120 Corporation
  • State: Massachusetts
  • Subject: e-file
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