Tax Return Due Dates
The Senate and the House passed a short-term highway funding extension that contains several important tax provisions. The bill modifies tax return due dates for several common tax returns starting for tax year 2016 (filed in 2017).
Partnership tax returns are due March 15, NOT April 15 as in the past. If your partnership isn’t on a calendar year, the return is due on the 15th day of the third month following the close of your tax year. A six month extension is still available.
C corporation tax returns are due April 15, NOT March 15. An automatic 5 month extension is available. For non-calendar years, it is due on the 15th day of the fourth month following the close of the tax year. In addition, C corporations with tax years ending on June 30 will continue to have a due date of September 15 until 2025. For years beginning after 2025, the due date for these returns will be October 15.
Individual and S corporation due dates remain at April 15 and March 15, respectively, and a six month automatic extension is still available for both.
If you have any questions about this blog post or other accounting topics, please contact one of our tax professionals.