2005 Idaho Code - 63-3033 — EXTENSION OF TIME

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3033.  EXTENSION OF TIME. (a) Taxpayers shall have an automatic
extension of time for filing any return, declaration, statement or other
document required by this chapter for a period of six (6) months if on or
before the unextended due date the taxpayer has paid at least eighty percent
(80%) of the total tax due on the income tax return when it is filed, or the
total tax due on the income tax return for the prior year if a return was
filed for the prior year.
    (b)  If, on the unextended due date, the payment required to meet the
provisions of subsection (a) of this section, after consideration of any
previous credits or payments applicable to the return, is fifty dollars
($50.00) or less, such payment shall not be required in order to qualify for
the extension. However, interest shall accrue as provided in subsection (f) of
this section. Payment of any balance of tax is due on the earlier of the
extended due date or the date the return is filed.
    (c)  Taxpayers residing outside any of the United States and Puerto Rico
(including persons in military or naval service) shall have an automatic
extension of time within which to file income tax returns with this state for
a period which shall expire on the fifteenth day of the sixth month following
the close of their taxable year.
    (d)  Individuals who are entitled to extensions for filing federal income
tax returns as a result of the application of the provisions of sections 911
and 7508 of the Internal Revenue Code, shall be entitled to extensions of time
for the same period for filing income tax returns with the state of Idaho
subject to the requirements imposed in implementation of the indicated
sections.
    (e)  Any taxpayer entitled to an extension under subsection (c) or (d) of
this section shall attach a statement to his return claiming his right to the
extension.
    (f)  If the amount of payment made under subsection (a) of this section is
less than eighty percent (80%) of the total tax due under the provisions of
this chapter and is less than the amount of the total tax due on the income
tax return for the prior year, except as permitted by subsection (b) of this
section, a penalty may be applied to the total of the balance due unless
reasonable cause can be established. The penalty shall be:
    (1)  If the taxes for the taxable year are paid on or before the extended
    due date, two percent (2%) per month from the original due date to the
    date of payment.
    (2)  If the taxes for the taxable year are not paid on or before the
    extended due date, the penalty provided in section 63-3046(c), Idaho Code,
    from the original due date.
    (g)  In all cases of an extension of time in which to file any return,
interest shall be paid on any tax due from the original due date to date of
payment at the rate provided in section 63-3045, Idaho Code.