FTB issues REG on automatic extensions.

• Position: FTB News

The FTB has finalized a regulation on automatic extensions for returns by individuals, fiduciaries and partnerships required to be filed on or after April 15, 1992, reports James C. Counts, CPA in his e-newsletter, TaxTalk News.

The FTB will allow an automatic six-month extension to file if the return is filed within six months of the original due date. No written request is required. The extension time period for fiscal and calendar year taxpayers is the original due date plus six months. This granting of the extension is conditioned solely upon the filing of a return within the automatic extension period. If the return is not filed within six months of the original due date, no extension is allowed.

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