| Tax Provision |
New Law |
Prior Law |
| Partnership Return Filing Deadline |
Effective 2016: For tax years beginning
after December 31, 2015, the due date for
filing Form 1065 and providing partners
with a Schedule K-1 is March 15 (15th day
of 3rd month after the close of the tax year
for fiscal year partnerships).
|
Tax year 2015: For tax years beginning
before 2016, the due date for filing
Form 1065 and providing partners with
a Schedule K-1 is April 15 (15th day
of 4th month after the close of the tax
year for fiscal year partnerships).
|
| Partnership Return Filing Extension |
Effective 2016: For tax years beginning
after December 31, 2015, a partnership will
be allowed an automatic 6-month filing
extension (September 15 for calendar year
partnerships).
|
Tax year 2015: For tax years beginning
before 2016, a partnership is allowed
an automatic 5-month filing extension
(September 15 for calendar year
partnerships).
|
| C Corporation Return Filing Deadline |
Effective 2016: For tax years beginning
after December 31, 2015, the due date for
filing Form 1120 is April 15 (15th day of 4th
month after the close of the tax year for
fiscal year corporations).
Exception: For fiscal year corporations
with a tax year ending on June 30, the
15th day of the 3rd month deadline
(September 15) will continue to apply until
tax years beginning after December 31,
2025 when the due date changes to the
15th day of the 4th month (October 15).
Note: S corporations will continue to
have a due date on the 15th day of the
3rd month (March 15th for calendar year
S corporations).
|
Tax year 2015: For tax years beginning
before 2016, the due date for filing
Form 1120 is March 15 (15th day of 3rd
month for fiscal year corporations).
|
