Tax season has arrived and this year’s season comes with some due dates changes and new e-filing information disclosure requirements.
The following is a list of major due date changes:
- Partnerships (Form 1065) – due the 15th day of the third month after the close of the year (March 15th for calendar year taxpayers). This is a month earlier than in prior years. A six-month extension will be available.
- C-Corporations (Form 1120) – due the 15th day of the fourth month after the close of the year (April 15th for calendar year taxpayers). This is a month later than in prior years. A five-month extension will be available for calendar-year filers, six-month extension for fiscal year filers and a seven-month extension for June 30th year-end filers. Note: the draft 2016 Form 7004 instructions provides for a six-month extension for calendar-year filers, so the five-month extension period may be extended a month upon finalization.
Click here to read the new requirements this tax season.