Prepare an extension
Use the
GAExt
screen in the Payments folder to prepare the Form 303, Extension Request, and Form 560, Extension Payment voucher. Georgia waives certain penalties if you file an extension request by the original due date of the return and meet certain other criteria.Georgia doesn't waive the fail to pay penalty unless the taxpayer has paid all tax by the original due date. Therefore, the purpose of filing federal Form 4868 or Form 303 extension request by the original due date is to waive the Georgia fail to file penalty on any tax still due as of the original due date. Form 560 is the voucher intended to accompany any extension payment.
For addition information, visit http://dor.georgia.gov/penalty-and-interest-rates.
Details on Forms 303 and 560 and the late penalty criteria
- Georgia also accepts the federal Form 4868 as the extension request.
- The extension payment is intended accompany the Form 560 voucher. As Form 560 is solely a payment voucher, Georgia asks that you don't submit the voucher without a payment.
- The Georgia Department of Revenue doesn't support electronic filing of Form 303 or Form 560 via 3rd-party software such as UltraTax CS.
- The Georgia Department of Finance & Administration gives taxpayers a means to make payments online or via telephone.
Payments and filing criteria
Taxpayers who don't pay all of their income tax by the original return due date are typically subject to a late penalty. However, the Georgia Department of Revenue waives the fail to file penalty on the unpaid balance of tax that's April 15, 2024 if the taxpayer meets all of the following criteria:
- Taxpayer files an extension request via federal Form 4868 or Georgia Form 303 by April 15, 2024.
- Taxpayer files Form GA500 by October 15, 2024.
- Taxpayer files the remainder of the tax by October 15, 2024.
Prepare the extension
Use the
GAExt
screen to complete Form 303 and Form 560 to make an extension payment. You can either have UltraTax CS calculate the extension payment amount, or manually force that amount.To have UltraTax CS calculate the extension payment amount based on current data entered: Complete the
Calculate Extension
field on the GAExt
screen by entering 1 of the following:
- Enter1to suppress printing of Form 303 when printing Form 560. (Code1is typically used if the federal Form 4868 is being filed.)
- Enter2to print Form 303 when printing Form 560. (Code2is typically used if federal Form 4868 is not being filed.)
Select
Setup
, 1040 Individual
, the Federal
tab, then Extensions
to select the method for calculating the extension payment amount. Selecting multiple clients for electronic filing via File
, Print Extensions
causes UltraTax CS to mark the Calculate Extension
field if you don't mark the Create an extension without total tax liability amounts
checkbox at Setup
, 1040 Individual
, the Federal
tab, Extensions
.To force the extension payment amount: Enter an amount in the
Balance due on extension (Force)
field on the GAExt
screen.If no balance is due or there's a calculated amount: While UltraTax CS supports printing the Georgia extension payment voucher without a payment amount, the state taxing authority asks that taxpayers don't submit the payment voucher unless there's an accompanying payment.
Print the extension
Select
File
, then Print Extensions
to print Form 303 and Form 560 after you complete the data entry on the GAExt
screen.Prepare the return after filing an extension payment
When preparing an extended return, make sure you have the following information from the extension.
- Amount actually paid with extension: Enter the amount on theGAExtscreen in theExtension payment actually made; reportable on main returnfield. The amount paid with the extension is reported on the line for Form IT-560 payment on Form GA500. UltraTax CS populates this field when you create the extension if the application calculated the extension payment amount, or if you forced the extension payment amount. Change the data entry for this amount if the taxpayer paid some other amount.If you filed an extension via some means other than UltraTax CS, enter the actual amount paid with the extension in theForcefield. This will automatically complete data entry in other fields, including fields for extended due date and the amount actually paid with the extension.
- Date return filed: Enter theDate return filedon theGAPenscreen. If the date exceeds the extended due date, UltraTax CS calculates a late penalty on the unpaid balance due.
- Attach the federal or state extension: UltraTax CS doesn't automatically attach a copy of federal Form 4868 or Form 303 to Form 500 when you usePrint Extensionsto print the federal or state extension request. When filing on paper, include a copy of the federal or state extension with Form 500.
