Tax Tip Tuesday: New Filing Deadlines

August 18, 2015

 

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.

 

Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advise contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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