Howard, LLP

Howard Tax Insights: New Return Due Dates. Don’t Miss Your Deadline.

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Dallas, Texas, August 2015 – On July 30, 2015, the Senate passed the short-term highway funding extension, sending the bill to the President for signature.  Included in the bill are several changes to the due dates of various income tax returns.  These changes will apply to returns filed in 2017, for tax years beginning on or after January 1, 2016.  The American Institute of Certified Public Accountants (AICPA) and state societies have advocated for several years for congress to change the due dates, in order to create a better flow of the information to the ultimate taxpayers.  No changes were made to the individual income tax return deadlines.  Special rules are included in the act for fiscal year entities.

Below is a short summary of the revised due dates:

  • Partnership Form 1065 – March 15th (previously April 15th)
  • S Corporation Form 1120S – March 15th (no change)
  • C Corporation Form 1120 – April 15th (previously March 15th)
  • Estate / Fiduciary Form 1041 – April 15th (no change)

The act also changes the extended due dates of several returns:

  • Partnership Form 1065 – September 15th (no change)
  • S Corporation Form 1120S – September 15th (no change)
  • C Corporation Form 1120 – October 15th effective tax years beginning 1/1/2026 (previously September 15th)
  • Estate / Fiduciary Form 1041 – September 30th (previously September 15th)

If you’re not certain how these changes apply to you, be sure to contact the Howard team today to discuss the timing of your tax returns.