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Tax Update: New Filing Deadlines for Businesses

June 20, 2016

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While your individual tax return is still due on April 15th, many other filing deadlines were just changed by Congress that businesses need to be aware of. The IRS recently issued new tax filing deadlines for C corporations, S corporations and partnerships.

To help you stay in compliance, we’ve provided a summary below of due dates and extended due dates. Please review it and let us know if you have any questions about the deadlines or would like assistance in meeting them.

New filing due dates for C corporations, S corporations and partnerships
Due Date Extended Due Date
C corporations – calendar year April 15 5-month automatic extension (Sept. 15) until 2026, then 6-month
C corporations – fiscal year other than June 30 3 ½ months after year-end 6-month automatic extension
C corporations – June 30 year September 15 until 2026, then October 15 7-month automatic extension (Apr. 15) until 2026, then 6-month
Partnerships March 15 for calendar-year returns, or 2 ½ months after close of year-end 6-month maximum extension (Sept. 15 for calendar-year returns)
S corporations March 15 for calendar-year returns, or 2 ½ months after close of year-end 6-month maximum extension
Trust Form 1041 – calendar year April 15 5 ½-month maximum extension
Trust Form 1041 – non-calendar year 3 ½ months after year-end 5-month maximum extension (6-month for certain types of trusts)
FinCEN Foreign Bank Account Reporting (FBAR) April 15 6-month maximum extension

Note: Individual (Form 1040) filing and extended deadlines have not changed.

All content provided in this article is for informational purposes only. Matters discussed in this article are subject to change. For up-to-date information on this subject please contact a Clark Schaefer Hackett professional. Clark Schaefer Hackett will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

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