Revised Extended Due Dates for Corporate, Partnership, and Trust Tax returns

Taxpayers who can’t file a tax form on time can ask the Internal Revenue Service (IRS) for an extension to file the form. A new law enacted in 2015 has caused some confusion in the new due dates for extended income tax returns beginning with the 2016 tax form filings.

Below is a quick summary of the new extended due dates to help with any uncertainty you may have:

  • Form 1120 (C-Corporation Income Tax Returns) have a maximum extension of six months from the new April 15 due date. The extension will end on October 15 for calendar year taxpayers.  Previous extended due date was September 15.
  • Form 1065 (Partnership Income Tax Returns) have a maximum extension of six-months from the new March 15 due date. The extension will end on September 15 for calendar year taxpayers.  Previous extended due date was October 15.
  • Form 1041 (Estates and Trust Income Tax Returns) have a maximum extension of five and a half months. The extension will end on September 30 for calendar year taxpayers.  Previous extended due date was September 15.

There are no changes to the following tax form extension dates:

  • Form 1120S (S-Corporation Income Tax Return) extended due date remains September 15.
  • Form 1040 (Individual Income Tax Return) extended due date remains October 15.

These dates only apply to calendar year entities.   If you would like to discuss your situation or have any other questions about filing dates, please contact a specialist at CoNexus CPA Group.

2017-08-29T18:43:49+00:00 September 5th, 2017|Categories: Business Taxes, News, Newsletters|