IRS Tax Return Dates for C-Corps, Partnerships Are Changing in 2016

Many filing deadlines have changed by Congress and small business owners need to be aware of the new filing dates. The changes came in an unlikely vehicle, H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. That non-tax law also gave the IRS an increased audit period from three to six years in many cases. Starting after December 31, 2015:

• Partnership tax returns are due March 15, NOT April 15 as in the past. If your partnership isn’t on a calendar year, the return is due on the 15th day of the third month following the close of your tax year.
• C corporation tax returns are due April 15, NOT March 15. For non-calendar years, it is due on the 15th day of the fourth month following the close of the tax year.
• S corporation tax returns remain unchanged they are still due March 15, or the third month following the close of the taxable year;
  There are other rules too. C corporations with tax years ending on June 30 will continue to have a due date of September 15 until 2025. For years beginning after 2025, the due date for these returns will be October 15.

We can help you prepare and file your taxes by the correct deadlines, including the upcoming October 15th deadline for anyone who filed an extension. Contact us today and check ‘tax deadlines’ off your list of things to worry about!

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