Due dates for certain United States Federal income tax returns will shift, effective for tax years beginning after December 31, 2015.
For partnerships, tax returns will generally be due one month earlier than under current law. For C corporations, tax returns will generally be due one month later than under current law. For example, the return of a partnership reporting on the calendar year will be due on March 15, rather than April 15. The return of a calendar year C Corporation will be due on April 15, rather than March 15. The filing deadline for S corporations will generally remain the same: March 15 for calendar year taxpayers.
The applicable dates for returns filed on extension will generally remain the same. Accordingly, the extension period for partnerships will increase from five months to six months, generally retaining a September 15 deadline for calendar year taxpayers. Similarly, the extension period for C corporations will generally decrease from six months to five months, in order to retain a September 15 deadline for calendar year taxpayers.
Specifically for C corporations with a fiscal year ending on June 30, the new due date for tax returns will not take effect until 2026.
If you have any questions, please feel free to contact JV LAW GROUP today at 714-752-3270 or send us an email info@jvlawgroup.com.
