New Tax Due Dates For The Upcoming Tax Season.
There are several changes in due dates for federal tax returns. These modifications allow flow-through entities like Partnerships, LLCs and S Corporations to provide Schedule K-1s in March, one month before individual tax return due date. At the same time, C Corporations, which do not affect individual tax returns, will be filed one month later. Here is a summary of tax return filing deadlines: Partnerships and LLCs (Form 1065) The due date is moved up to March 15 or the 15th day or the third month after year-end with a six-month extension available S corporation (Form 1120S) The due date remains March 15 or the 15th day or the third month after year-end with a six-month extension available C Corporations (Form 1120) The due date is delayed till April 15 or the 15th day or the fourth month after year-end with a five-month extension available Foreign bank and financial accounts…
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