The Delaware 1027 form is an application used by individuals to request an automatic extension of time to file their Delaware personal income tax return. By submitting this form, taxpayers can secure an additional five and a half months to complete their tax filings, providing some much-needed breathing room. It's important to note that this extension does not apply to the payment of taxes owed, so any balance due must still be paid on time to avoid penalties and interest.
The Delaware 1027 form serves as an essential tool for individuals seeking an automatic extension of time to file their Delaware individual income tax return. This form allows taxpayers to request an extension until October 15 of the tax year, providing them with additional time to gather necessary documentation and complete their tax filings without facing immediate penalties. It is crucial to prepare this form accurately and in duplicate; the original must be submitted to the Delaware Division of Revenue by the specified due date, along with any payment due, while the duplicate should be attached to the final tax return. The form requires individuals to provide their personal information, including names, Social Security numbers, and addresses, as well as details about their expected tax liability, withheld taxes, and any estimated tax payments made. It is important to note that filing this extension does not extend the time for paying any taxes owed, and interest may accrue on any unpaid balance. Moreover, if a taxpayer is married and filing separately, each spouse must submit a separate application. Understanding these aspects of the Delaware 1027 form is vital for ensuring compliance and avoiding unnecessary penalties, allowing taxpayers to focus on fulfilling their tax obligations with peace of mind.
DELAWARE
TAX YEAR
FORM 1027
2009
DO NOT WRITE IN THIS BOX
001-26
APPLICATION FOR AUTOMATIC EXTENSION OF TIME TO FILE A DELAWARE INDIVIDUAL INCOME TAX RETURN
NOTE: PREPARE THIS FORM IN DUPLICATE. THE AMOUNT SHOWN ON LINE 6 BELOW.
FILE THE ORIGINAL WITH THE DIVISION OF REVENUE, STATE OF DELAWARE ON OR BEFORE THE DUE DATE AND PAY ATTACH THE DUPLICATE TO YOUR DELAWARE PERSONAL INCOME TAX RETURN.
PLEASE
PRINT
OR
TYPE
NAME, (IF JOINT RETURN, GIVE FIRST NAMES AND INITIALS OF BOTH)
LAST NAME
YOUR SOCIAL SECURITY NUMBER
PRESENT HOME ADDRESS (NUMBER & STREET, INCLUDING APT. NUMBER OR RURAL ROUTE)
SPOUSE’S SOCIAL SECURITY NUMBER
CITY, TOWN OR POST OFFICE
STATE
ZIP CODE
AN AUTOMATIC EXTENSION OF TIME UNTIL OCTOBER 15, 2010 IS HEREBY REQUESTED IN WHICH TO FILE A DELAWARE PERSONAL INCOME
TAX RETURN FOR THE CALENDAR YEAR 2009 (OR IF A FISCAL YEAR RETURN UNTIL
, 20
FOR THE
TAXABLE YEAR BEGINNING
).
1.TOTAL INCOME TAX LIABILITY YOU EXPECT TO OWE FOR 2009....................................................................
2.DELAWARE INCOME TAX WITHHELD....................................................
3.TAX YEAR 2009 ESTIMATED TAX PAYMENTS (INCLUDE PRIOR YEARS OVERPAYMENT ALLOWED AS A CREDIT)...............................
4.OTHER PAYMENTS & CREDITS..............................................................
5.TOTAL (ADD LINES 2, 3, AND 4)..............................................................................................................................
6.BALANCE DUE (SUBTRACT LINE 5 FROM LINE 1). PAY IN FULL WITH THIS APPLICATION
........................................................................................................................................................BALANCE DUE>
SIGNATURE AND VERIFICATION
IF PREPARED BY TAXPAYER: UNDER PENALTY OF PERJURY, I DECLARE THAT TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE STATEMENTS MADE HEREIN ARE TRUE AND CORRECT.
YOUR SIGNATURE
DATE
DAYTIME PHONE N0.
SPOUSE’S SIGNATURE
DAYTIME PHONE NO.
(IF FILING JOINTLY, BOTH MUST SIGN EVEN IF ONLY ONE HAD INCOME)
IF PREPARED BY SOMEONE OTHER THAN TAXPAYER: UNDER PENALTIES OF PERJURY, I DECLARE THAT TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE STATEMENTS MADE HEREIN ARE TRUE AND CORRECT, THAT I AM AUTHORIZED BY THE TAXPAYER TO PREPARE THIS APPLICATION, AND THAT I AM:
A MEMBER IN GOOD STANDING OF THE BAR OF THE HIGHEST COURT OF (SPECIFY JURISDICTION)....
A CERTIFIED PUBLIC ACCOUNTANT DULY QUALIFIED TO PRACTICE IN (SPECIFY JURISDICTION)..........
A PERSON ENROLLED TO PRACTICE BEFORE THE INTERNAL REVENUE SERVICE
A DULY AUTHORIZED AGENT HOLDING A POWER OF ATTORNEY WITH RESPECT TO FILING AN EXTENSION OF TIME. (THE POWER OF ATTORNEY NEED NOT BE SUBMITTED UNLESS REQUESTED)
A PERSON STANDING IN CLOSE PERSONAL BUSINESS RELATIONSHIP TO THE TAXPAYER, WHO IS
UNABLE TO SIGN THIS APPLICATION BECAUSE OF ILLNESS, ABSENCE, OR OTHER GOOD CAUSE. MY
RELATIONSHIP TO THE TAXPAYER AND THE REASON WHY THE TAXPAYER IS UNABLE TO SIGN THIS
APPLICATION ARE:
SEE INSTRUCTIONS ON REVERSE SIDE
INSTRUCTIONS
1.This application is to be used by an individual to request an automatic five and half (5 ½) month extension of time to file Form 200-01, 200-02, or 200-03 EZ. An extension of time to file may be filed on-line at www.revenue.delaware.gov instead of filing this paper form. If you wish to file the form 1027 extension on-line and you owe tax, you must use a direct debit from your checking or savings account.
An extension will be granted upon the timely and proper filing of this form with payment of any required amount shown on Line 6. If an extension is not filed timely (see #4 below), it will be denied.
CAUTION: This is not an extension of time for the payment of tax. Interest will accrue at the rate of one-half percent (½%) per month on any unpaid balance of tax from the original due date of the return until the tax is paid.
2.An application for extension is not required if the balance due on the return will be zero or less and an extension has been filed with the Internal Revenue Service. If when the return is filed and a balance due is owed, a penalty will be assesssed for filing the return late. If you have a doubt as to whether the final return will be a balance due, file Form 1027 for an extension.
3.If you and your spouse will be filing Separate (filing status 3) Delaware personal income tax returns, a separate Application for Extension, Form 1027, MUST BE filed for each spouse.
4.File this application on or before April 30th, OR before the original due date of Form 200-01, 200-02, OR 200-03 EZ, if you are filing a fiscal year return. However, if the due date for filing your return falls on a Saturday, Sunday or legal holiday, substitute the next regular business day.
5.Complete this form in duplicate. Entries must be made on Lines 1 through 6. File the original with the Division of Revenue and pay the amount shown on Line 6. Attach the duplicate to the FACE of Form 200-01, 200-02, OR 200-03 EZ when it is filed.
6.When filing Form 200-01, 200-02, OR 200-03 EZ, in order to claim credit for payment made with this application, show the amount paid under estimated tax paid and payments with extensions on the face of the return. If you file a joint application (you and your spouse), but elect to file a combined separate return, the payment made with this application may be claimed by either spouse or divided in any agreed amounts.
7.Any unpaid portion of the final tax will bear interest at the rate of one-half percent (½%) per month (or fractional part thereof) on any unpaid balance of tax from the original due date of the return until the tax is paid.
8.Penalty - The law imposes a penalty of five percent (5%) per month (or fractional part thereof) of the tax for failure to file a timely return, unless you can show reasonable cause for failure to file. If the return is not filed within the period of the extension granted (i.e.: by October 15th), the penalty will be assessed unless reasonable cause is established.
9.Blanket Requests - Blanket requests for extensions will not be granted. You must submit a separate application for each return.
Subsequent Extensions
To extend your due date beyond October 15, file a photocopy of your approved Federal extension with the Delaware Division of Revenue on or before the expiration granted on Form 1027. An approved additional federal extension will extend the due date of your Delaware return to the same date as your additional federal extension due date. A photocopy of the approved Federal extension must be attached to the final return when filed.
MAKE CHECK PAYABLE AND MAIL TO: DELAWARE DIVISION OF REVENUE, P.O. BOX 508, WILMINGTON, DE 19899-0508 IF NO CHECK IS ENCLOSED, MAIL TO: DELAWARE DIVISION OF REVENUE, P.O. BOX 8765, WILMINGTON, DE 19899-8765
REVISED 11/19/2009
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