Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Tameika Johnson, Annuals & Corporates Supervisor with Insurance Licensing Services of America, Inc. (ILSA) shares her dos and don’ts for Department of Revenue Tax Filing Extensions. Her secret for success: keep your dates straight. Know when your fiscal year ends, the deadline for requesting a state-specific extension, and when the extension expires.
And if you only learn one thing from this podcast, let it be this: Even if you file for an extension, you still need to pay your minimum tax amount owed by the original due date.