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Section 139(4) of the Income Tax Act. Under Section 139(4) of the Income Tax Act, 1961, taxpayers can file belated returns within a period of one year. This can be from the end of the relevant assessment year or prior to the conclusion of the assessment, whichever is earlier.
The corporate tax return is generally due by the 15th day of the fourth month following the end of the corporations tax year. However, a corporation with a fiscal tax year ending June 30 must file by the 15th day of the third month after the end of its tax year.
Statute of limitations The IRS generally has three years after an original return is filed to assess income taxes. A return will be deemed to have been filed on its original due date even if the return is actually filed on an earlier date.
What is the Arkansas nexus standard? Arkansas imposes income tax on every corporation doing business in the state. This includes any corporation seeking the benefit of economic contact with Arkansas by licensing intangibles in an intragroup intangible licensing transaction.
Statute of Limitations on Arkansas Back Taxes The state of Arkansas has a 10-year statute of limitations on back taxes. This means that the state can pursue collection activities including property liens for up to 10 years after the taxes have been assessed.

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3. What is the statute of limitations for filing an Arkansas amended corporation income tax return? ACA 26-18-306(i) states that an amended return may be filed within three (3) years of the original return filing date or two (2) years from the date the tax was paid, whichever event occurred later.
The State of Arkansas will honor an accepted Federal extension, and your due date will be one month after the due date of the federal return. This is usually November 15th for annual filers and October 15th for Partnership returns.
Statute of Limitations Refunds. An amended return or claim for refund of an overpayment must be filed by the taxpayer within three (3) years from the time the return was filed or two (2) years from the time the tax was paid, whichever is later.

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