Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Ark Corp Franchise Tax Due May 3

Posted by taxguru on April 26, 2010

This is a deadline that sneaks up on everyone as we focus on the April 15 deadline for individual income tax returns; especially since they moved the deadline up from June 1 a few years ago.

The May 3 deadline (because May 1 is on Saturday) applies to all corporations regardless of their income tax fiscal year.

The form is so easy to fill in that I have stopped doing it for my clients, letting them do it themselves. Even easier still is filling in the info online via the Secretary of State’s special webpage, which is what I have been using for our corporations over the past few years. They do charge an extra five dollars for the priviege of being able to charge the tax to a credit card; but the convenience is more than worth it.

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