Law passes that changes tax return filing due dates for 2016
On July 31, 2015, President Obama signed into law the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015”. Within this law are a number of important tax provisions including revised due dates for partnership and corporation tax returns.
The new due dates become effective for entities with tax years beginning after December 31, 2015. So for calendar year entities, this will take effect during the 2017 filing season for 2016 tax returns. Partnerships will have to file their returns by March 15th, formerly April 15th (if a normal calendar year-end). In other words, the filing deadline for Partnerships will be accelerated by one month.
C-Corporations will have to file their returns by April 15th, formerly March 15th (if a normal calendar year-end). So C-Corporations get an additional month to file their tax returns.
ShareThis