Official Delaware 1027 Form in PDF

• IRS Form 4868: This form is used to request an automatic extension of time to file a federal individual income tax return. Like the Delaware 1027, it allows taxpayers to extend their filing deadline, but it is specifically for federal taxes.
• California Form 3519: Similar to the Delaware 1027, this form requests an extension for California state income tax returns. It requires an estimated tax payment, just as the 1027 does.
• New York State Form IT-370: This form allows New York residents to request an extension for filing their state income tax return. It shares the same purpose of extending deadlines while also requiring an estimated tax payment.
• Florida Form DR-501: While Florida does not have a state income tax, this form is used for requesting extensions on certain tax filings. Its similarity lies in the process of extending deadlines for tax obligations.
• Minnesota Promissory Note: To facilitate the borrowing process, you can use a Promissory Note form that outlines the repayment terms clearly, ensuring legal protection for both parties involved in the transaction.
• Texas Extension Form: Texas also does not have a personal income tax, but this form is used for other types of tax extensions. It functions similarly by allowing taxpayers to extend deadlines for filing.
• Illinois Form 7004: This form is for businesses seeking an extension for filing their corporate tax returns. It parallels the Delaware 1027 in that it provides additional time for tax filing.
• Massachusetts Form M-4868: This form allows Massachusetts residents to extend their personal income tax filing deadline. It mirrors the Delaware 1027 by requiring an estimated tax payment along with the extension request.
• Pennsylvania Form REV-276: This form is used to request an extension for filing a Pennsylvania personal income tax return. It is similar in function to the Delaware 1027, allowing for an extension with a payment requirement.
• Virginia Form 760-E: This form allows Virginia taxpayers to request an extension for their state income tax return. It shares the same goal of providing additional time to file while also requiring estimated tax payments.
• Ohio IT 40: This form is used for requesting an extension for filing individual income tax returns in Ohio. It is similar to the Delaware 1027 in that it allows for an extension while requiring an estimated tax payment.

Delaware 1027 - Usage Steps

Completing the Delaware 1027 form is a straightforward process that requires careful attention to detail. Once you have filled out the form, you will need to submit it to the Division of Revenue by the appropriate deadline. Remember, this form is essential for requesting an automatic extension to file your Delaware personal income tax return.

1. Begin by preparing the form in duplicate.
2. In the first section, print or type your name, including both first names and initials if filing jointly.
3. Provide your last name and your Social Security number.
4. Enter your present home address, including the apartment number or rural route.
5. Include your spouse’s Social Security number if filing jointly.
6. Fill in the city, town, or post office, along with the state and ZIP code.
7. Indicate that you are requesting an automatic extension until October 15, 2010, for the tax year 2009.
8. On Line 1, enter the total income tax liability you expect to owe for 2009.
9. On Line 2, input the amount of Delaware income tax withheld.
10. For Line 3, record the estimated tax payments for 2009, including any prior year overpayments allowed as a credit.
11. On Line 4, note any other payments and credits.
12. Add the amounts from Lines 2, 3, and 4, and enter the total on Line 5.
13. Subtract Line 5 from Line 1 to determine the balance due, and enter that amount on Line 6.
14. Sign and date the form, and provide your daytime phone number. If filing jointly, your spouse must also sign and date the form.
15. If someone other than you prepared the application, they must complete the designated section, providing their qualifications and relationship to you.
16. Make a check payable to the Delaware Division of Revenue for the amount shown on Line 6, if applicable.
17. Mail the original form to the Delaware Division of Revenue at P.O. Box 508, Wilmington, DE 19899-0508, and keep the duplicate for your records.

The Delaware 1027 form is essential for individuals seeking an automatic extension of time to file their Delaware personal income tax return. However, several other forms and documents often accompany it to ensure compliance with tax obligations. Below is a list of commonly used forms that may be relevant.

• Form 200-01: This is the standard Delaware personal income tax return form. Taxpayers use it to report their income and calculate their tax liability for the year.
• Form 200-02: This form is specifically for Delaware residents who are filing as married couples. It allows for the reporting of joint income and tax obligations.
• California Motor Vehicle Bill of Sale: For those engaging in vehicle transactions, it is important to use a formal document like the Bill of Sale for a Car to ensure proper transfer of ownership and protect both parties involved.
• Form 200-03 EZ: A simplified version of the Delaware income tax return for individuals with straightforward tax situations. It is easier to fill out and is intended for those with minimal deductions.
• Form 1040: This is the federal income tax return form. While it is not specific to Delaware, it is often filed simultaneously with state returns, especially when requesting an extension.
• Form 4868: This is the federal application for an automatic extension of time to file a U.S. individual income tax return. If filed, it can also extend the deadline for the Delaware return.
• Power of Attorney (POA): This document allows someone else to act on your behalf regarding tax matters. It may be necessary if a tax preparer is submitting forms on your behalf.

These forms play a crucial role in the tax filing process, ensuring that individuals meet their obligations while also taking advantage of available extensions. Familiarity with these documents can help streamline the filing experience and minimize potential penalties.

1. Neglecting to file on time: Many individuals fail to submit the Delaware 1027 form by the April 30 deadline, risking denial of the extension.

2. Incorrectly calculating the balance due: Errors in calculating the amount owed on Line 6 can lead to complications and potential penalties.

3. Not signing the form: Both taxpayers must sign the application if filing jointly. Omitting signatures can result in rejection.

4. Forgetting to include Social Security numbers: Failure to provide the correct Social Security numbers for both taxpayers can delay processing.

5. Submitting without payment: Some individuals mistakenly send the form without the payment required on Line 6, which can invalidate the extension request.

6. Not preparing in duplicate: Individuals often overlook the requirement to prepare the form in duplicate, which can lead to issues when filing.

7. Ignoring the instructions: Many applicants fail to read the instructions on the reverse side of the form, leading to common mistakes.

8. Misunderstanding the filing status: Couples filing separately must submit individual applications. Confusion here can result in missed deadlines.

9. Using incorrect mailing addresses: Sending the form to the wrong address can cause delays and complications. Ensure to verify the mailing instructions.

10. Not considering interest and penalties: Some individuals do not account for accruing interest on unpaid taxes, which can lead to unexpected liabilities.

1. What is the Delaware 1027 form?

   The Delaware 1027 form is an application for an automatic extension of time to file a Delaware individual income tax return. This form allows individuals to request an extension until October 15 for the tax year in question.

2. Who needs to file the Delaware 1027 form?

   Individuals who expect to owe income tax for the year and need additional time to file their returns should complete this form. If the expected balance due on the return is zero or less, filing the form is not necessary.

3. When is the Delaware 1027 form due?

   The form must be filed on or before April 30 of the tax year, or before the original due date of the applicable tax return form (200-01, 200-02, or 200-03 EZ). If the due date falls on a weekend or holiday, the next business day will be the deadline.

4. How do I complete the Delaware 1027 form?

   The form requires personal information, including names, Social Security numbers, and addresses. It also requires the taxpayer to estimate their total income tax liability, any Delaware income tax withheld, and other payments and credits. The balance due must be calculated and paid with the application.

5. What happens if I miss the deadline for filing the 1027 form?

   If the form is not filed on time, the extension will be denied. Additionally, interest will accrue on any unpaid tax balance from the original due date until the tax is paid.

6. Can I file the Delaware 1027 form online?

   Yes, the form can be filed online through the Delaware Division of Revenue's website. If you owe tax, payment must be made via direct debit from a checking or savings account.

7. Is there a penalty for filing late?

   Yes, a penalty of five percent per month may be assessed on the tax owed for failure to file a timely return. If the return is not filed by the extended deadline, the penalty will apply unless reasonable cause is established.

8. What should I do if I need more time beyond the October 15 extension?

   To extend the due date beyond October 15, you must file a photocopy of your approved Federal extension with the Delaware Division of Revenue before the expiration of the initial extension granted by Form 1027.

9. Do both spouses need to file a separate Delaware 1027 form?

   If you and your spouse are filing separate Delaware personal income tax returns, each spouse must file a separate Form 1027.

10. Where do I send the completed Delaware 1027 form?

    The original form should be mailed to the Delaware Division of Revenue, P.O. Box 508, Wilmington, DE 19899-0508, along with any payment. If no check is enclosed, the form should be sent to P.O. Box 8765, Wilmington, DE 19899-8765.