Filing your personal tax return is a required part of your annual tax calendar as a business owner. All Collective members file an individual tax return, though how your business income is reported depends on your structure. Either way, your personal return is always part of the picture.
When you file a federal extension, the IRS gives you an additional six months to file, but not to pay. While most states follow the federal extension automatically, some do not.
If you live in one of the states below and need to extend, you'll need to take separate action to extend your individual state return. If you expect to owe state taxes, submit your payment by April 15 to reduce the risk of penalties and interest.
New York (NY)
New York does not recognize the federal extension automatically. You'll need to file a state-specific extension and, if you owe, submit payment by April 15.
- How to file: File your New York extension (Form IT-370) online through the New York Department of Taxation and Finance website.
- Pay via ACH debit or credit card through the NY "Make a Payment" portal. If mailing a check, use the payment address provided on Form IT-370.
Delaware (DE)
Delaware requires a separate state extension filed by April 30, even if you have a federal extension in place.
- How to file: File your Delaware extension (Form 200-EX) online or by mail through the Delaware Division of Revenue.
- Pay online through the Delaware Division of Revenue website, or mail Form 200-V (Payment Voucher) with a check.
District of Columbia (DC)
If you have a federal extension and don't owe a balance, DC typically grants an automatic extension. If you owe taxes, you'll need to file a DC-specific form and submit payment by April 15.
- How to file: File your DC extension (Form FR-127) online through MyTax.DC.gov, or mail a paper copy to the Office of Tax and Revenue.
- Pay electronically through the Individual Income Tax Service Center at otr.cfo.dc.gov, or mail your payment with Form FR-127.
South Carolina (SC)
If you have a valid federal extension, South Carolina grants an automatic extension to file — no separate form required. If you don't have a federal extension, you'll need to request one from the state.
- How to file: If you don't have a federal extension, request a state extension using Form SC4868.
- Pay through MyDORWAY at dor.sc.gov/pay. Select "Individual Income Tax Payment" — completing your payment automatically submits your extension request.
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as legal, financial, or tax advice. It is not intended to be a substitute for obtaining legal, accounting, or other financial advice from an appropriate and/or licensed adviser, or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.