Application for Automatic Extension of Time to File City of Covington Net Profit License Return Form Ol-3 - City of Covington, Kentucky

Application for Automatic Extension of Time to File City of Covington Net Profit License Return Form Ol-3 is a legal document that was released by the Kentucky Department of Revenue - a government authority operating within Kentucky. The form may be used strictly within City of Covington.

FAQ

Q: What is the City of Covington Net Profit License Return Form Ol-3?
A: The City of Covington Net Profit License Return Form Ol-3 is a form used to report and pay the net profit tax owed by businesses in Covington, Kentucky.

Q: What is an automatic extension of time to file?
A: An automatic extension of time to file allows taxpayers to request additional time beyond the original due date to submit their tax return without incurring penalties.

Q: Who is eligible to apply for an automatic extension of time to file Form Ol-3?
A: Any business subject to the City of Covington net profit tax can apply for an automatic extension of time to file Form Ol-3.

Q: How can I apply for an automatic extension of time to file Form Ol-3?
A: To apply for an automatic extension of time to file Form Ol-3, you can complete and submit the application form provided by the City of Covington, Kentucky.

Q: What is the deadline to file Form Ol-3 with an automatic extension?
A: The deadline to file Form Ol-3 with an automatic extension is typically extended to the 15th day of the 10th month after the close of the taxable year.

Q: Are there any penalties for filing Form Ol-3 late with an automatic extension?
A: If the tax owed is not paid by the original due date, interest and penalties may still apply, even with an automatic extension of time to file.