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Example - Delaware 1027 Form
DELAWARE |
TAX YEAR |
FORM 1027 |
2009 |
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DO NOT WRITE IN THIS BOX
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
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NAME, (IF JOINT RETURN, GIVE FIRST NAMES AND INITIALS OF BOTH) |
LAST NAME |
YOUR SOCIAL SECURITY NUMBER |
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PRESENT HOME ADDRESS (NUMBER & STREET, INCLUDING APT. NUMBER OR RURAL ROUTE) |
SPOUSE’S SOCIAL SECURITY NUMBER |
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CITY, TOWN OR POST OFFICE |
STATE |
ZIP CODE |
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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 |
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, 20 |
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FOR THE |
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TAXABLE YEAR BEGINNING |
, 20 |
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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 |
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DATE |
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DAYTIME PHONE N0. |
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SPOUSE’S SIGNATURE |
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DATE |
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DAYTIME PHONE NO. |
(IF FILING JOINTLY, BOTH MUST SIGN EVEN IF ONLY ONE HAD INCOME) |
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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:
YOUR SIGNATURE |
DATE |
DAYTIME PHONE N0. |
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
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
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
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
6.When filing Form
7.Any unpaid portion of the final tax will bear interest at the rate of
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
REVISED 11/19/2009
Delaware 1027: Usage Guide
Completing the Delaware 1027 form is an important step for individuals who need an extension to file their Delaware personal income tax return. After filling out the form, it is essential to submit it by the specified deadline and pay any balance due to avoid penalties.
- Prepare two copies of the Delaware 1027 form.
- At the top of the form, do not write in the designated box.
- Fill in your name and, if applicable, your spouse’s name (first names and initials for both if filing jointly).
- Enter your Social Security number and your spouse’s Social Security number, if filing jointly.
- Provide your present home address, including the number, street, apartment number (if any), city, state, and ZIP code.
- Indicate the tax year for which you are requesting the extension (e.g., 2009).
- Complete the lines for total income tax liability expected, Delaware income tax withheld, estimated tax payments, and other payments and credits.
- Calculate the total on Line 5 by adding the amounts from Lines 2, 3, and 4.
- Determine the balance due by subtracting Line 5 from Line 1 and enter this amount on Line 6.
- Sign and date the form, confirming that the information provided is true and correct.
- If filing jointly, ensure both you and your spouse sign the form.
- File the original form with the Delaware Division of Revenue by the due date.
- Attach the duplicate copy to your Delaware personal income tax return when you file it.
Documents used along the form
The Delaware Form 1027 is an application for an automatic extension of time to file a Delaware individual income tax return. While this form is essential for requesting additional time, several other documents are often used in conjunction with it to ensure proper compliance with tax obligations. Below is a list of these documents, along with brief descriptions of their purposes.
- Form 200-01, 200-02, or 200-03 EZ: These are the actual Delaware personal income tax return forms. After the extension is granted through Form 1027, taxpayers must complete one of these forms to report their income and calculate their tax liability for the year.
- Form 1040: This is the federal individual income tax return form. Taxpayers often file their federal return simultaneously with their state return. If a federal extension is requested, it can also impact the state filing deadline.
- Form 1027-A: This form is used to request an additional extension beyond the initial extension granted by Form 1027. If more time is needed, taxpayers must file this form with the Delaware Division of Revenue before the expiration of the initial extension.
- Trailer Bill of Sale Form: For complete asset transfers, refer to the essential trailer bill of sale form guide that covers all necessary details for a secure sale.
- Power of Attorney (POA): If someone other than the taxpayer is preparing the extension application or tax return, a Power of Attorney may be required. This document authorizes another individual, such as a tax professional, to act on behalf of the taxpayer in matters related to their tax filings.
Understanding these documents and their interrelations can help ensure a smoother tax filing process. It is crucial to file all necessary forms on time to avoid penalties and interest on any unpaid taxes. Proper preparation and timely submissions can significantly ease the burden of tax season.
Key takeaways
When filling out and using the Delaware Form 1027, there are several important points to keep in mind. Here are key takeaways to ensure a smooth process:
- Automatic Extension: This form allows individuals to request an automatic extension of five and a half months to file their Delaware personal income tax return.
- Timely Filing: Submit Form 1027 on or before April 30th or the original due date of your return. If the due date falls on a weekend or holiday, the next business day is acceptable.
- Payment Requirement: Line 6 of the form indicates the balance due. This amount must be paid in full with the application to avoid interest and penalties.
- Separate Applications: If both you and your spouse are filing separate returns, each must submit a separate Form 1027.
- Online Filing Option: You can file this extension online at the Delaware Division of Revenue website. If you owe taxes, ensure you use direct debit for payment.
- Interest on Unpaid Taxes: Be aware that interest will accrue on any unpaid tax balance from the original due date until paid, at a rate of one-half percent per month.
- Reasonable Cause for Penalties: If you fail to file on time, a penalty of five percent per month may apply unless you can demonstrate reasonable cause for the delay.
- Final Return Considerations: When filing your final return, indicate any payments made with Form 1027 to claim credits appropriately.
By keeping these points in mind, you can navigate the process of filing Form 1027 more effectively and ensure compliance with Delaware tax regulations.
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File Details
| Fact Name | Description |
|---|---|
| Purpose | The Delaware 1027 form is used to request an automatic extension of time to file a Delaware individual income tax return. |
| Extension Duration | This form allows for a five and a half month extension, moving the deadline to October 15. |
| Filing Requirement | Taxpayers must file the form by April 30 or the original due date of their tax return if on a fiscal year. |
| Payment Obligation | Taxpayers must pay any balance due when submitting the form; failure to do so incurs interest charges. |
| Separate Applications | Each spouse must file a separate Form 1027 if filing individual returns. |
| Penalties | A penalty of five percent per month applies for failing to file a timely return unless reasonable cause is shown. |
| Online Filing | Taxpayers can file the extension online at the Delaware Division of Revenue website, which may streamline the process. |
| Credit for Payments | Payments made with Form 1027 can be credited when filing the final tax return. |
| Governing Law | The Delaware 1027 form is governed by Delaware law, specifically the Delaware Code Title 30, Chapter 1101. |