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Extension, Interest, and Penalties: The first paragraph should read as follows:
“For returns that are due to be filed after December 31, 2008, if additional time is needed to file the income tax return of the estate or trust, the fiduciary can use Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, to apply for an automatic 5-month extension of time to file.” For returns required to be filed before January 1, 2009, the former automatic 6-month extension of time to file will continue to apply. Form 7004 must be filed by the regular due date of the income tax return and must show the properly estimated income tax amount for the tax year.”
