5301: Application for Extension of Time to File City Corporate Income Tax Return (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Form 5301 requests a six-month extension to file a 2024 City of Detroit Corporate Income Tax Return. It records the taxpayer’s name and address, tax year ending, federal employer identification number (FEIN), and payment amount. An extension to file does not extend the time to pa
Who files this form
City corporate income tax filers requesting an extension must file Form 5301. This 2024 voucher is for the City of Detroit, city code 170.
You must file this form even if the IRS has approved a federal extension or the Michigan Department of Treasury has approved a state business tax extension.
What you'll need
To complete and submit Form 5301, have:
- Your taxpayer name and mailing address. Treasury will use this address for correspondence about the extension request.
- Your tax year ending information.
- Your Federal Employer Identification Number (FEIN). Use the same FEIN used for the City of Detroit Corporate Income Tax Quarterly Voucher, Form 5300, and the corporate return, Form 5297.
- A check for payment if there will be a business tax liability.
Do not send a copy of your federal or state extension. Retain a copy for your records.
How to file
- Complete Form 5301 and enter the payment amount.
- If there will be a business tax liability, include payment. Make the check payable to “State of Michigan - Detroit.”
- Write your FEIN, tax year and “City Corp Extension” on the check.
- Detach the voucher and enclose it with the check. Do not fold or staple.
- Mail to:
Michigan Department of Treasury
PO Box 30409
Lansing MI 48909
The form says the form and payment must be postmarked on or before the return’s original due date. It also states that an extension is granted if Form 5301 is properly prepared and the request is postmarked before the return’s due date.
Common mistakes
- Treating the extension as extra time to pay. It only extends the time to file. Include payment if there will be a business tax liability.
- Underestimating the tax or sending too little payment. Penalty and interest will apply to unpaid or underpaid tax from the return’s original due date.
- Relying only on a federal or state extension. You must still file Form 5301. Do not send copies of those extensions.
- Entering the payment date as the tax year ending. Enter when your tax year ends, not when you make the payment.
- Folding or stapling the check and voucher. The form says not to fold or staple them.
Questions people ask
How much extra time does the extension give me?
The extension is for six months beyond the return’s original due date.
Will I be told whether my request is approved?
Yes. Taxpayers will be notified whether their extension request is approved or denied.
Does an extension give me more time to pay?
No. An extension of time to file is not an extension of time to pay. If there will be a business tax liability, payment must be included with Form 5301.
What happens if my payment is too low?
Penalty and interest will be due on the unpaid or underpaid amount. The penalty is 1 percent per month or fraction of a month, up to 25 percent. Interest is 1 percent above the adjusted prime rate and is charged from the return’s original due date until the tax balance is paid.