Corporation Income Tax Returns - Common Filing Issues

Estimated Payments

If sending estimated payments by mail, be sure to use the payment coupon for the correct tax year.  If a coupon from another tax year is used, the payment will be credited to that year and not to the year you intended.

Most Common “e” Income Tax Filing Issues:

  1. If you have a Net Operating Loss (NOL) carryforward, verify the correct amount is being shown on the return and also submitted electronically.
  2. Make sure Schedule E - Business Activity Ratio (BAR) is fully complete and also submitted electronically.
    • Situations have occurred for 1. & 2. where the information submitted electronically did not match the taxpayer’s copy.  In these cases you may receive correspondence from the Department.
  3. Do not mail a paper copy of the return after submitting your return electronically.