Tuesday, March 7, 2017

Some tax return due dates have changed


The IRS has changed the due dates of Partnerships, C Corporations and FinCen tax returns effective for all returns due in the coming 2017 filing season (2016 Tax Returns).



Calendar Year Entities Old Due Date New Due Date
1120 C Corporations* March 15 April 15
Extended Due Date September 15 September 15
1065 Partnership April 15 March 15
Extended Due Date September 15 September 15
1120 S Corporations March 15 March 15
Extended Due Date September 15 September 15
1040 Individual Returns April 15 April 15
Extended Due Date October 15 October 15
FinCen Report 114 (Foreign Cash Report) June 30 April 15
Extended Due Date Not Available October 15




*C Corporations with tax years ending June 30, the current filing dates will remain in effect until years beginning after December 31, 2025. Other Fiscal year end filing dates have been revised, similar to calendar year ends, as well as extension dates.

Proponents of these changes to the return filing dates believe the changes will permit investors in partnerships and S-corporations to receive needed information before the investor’s own due date.