Partnerships and C corporations will soon have new filing deadlines after a recently passed highway bill that included some tax provisions was passed.
This is a major restructuring of entity return due dates that is effective generally for returns for tax years beginning after December 31, 2015.
Both partnerships and S corporations will have to file their income tax returns by the 15th day of the third month after the end of the tax year. Those with a calendar year will have to file by March 15 of the following year. The filing deadline for partnerships will be accelerated by one month. The filing deadline for S corporations will stay the same.
C corporations will have to file by the 15th day of the fourth month after the end of the tax year. Those with a calendar year will have to file by April 15th of the following year. The filing deadline for C corporations will be deferred for one month.
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