Tax Return Date Changes
December 7, 2016

To Our Clients and Friends:
The 2016 tax filing season is just around the corner and we want to highlight many new tax return due dates that may affect you or your business this upcoming year.  These changes are generally beneficial to small business owners and create a more logical flow of information to help in filing timely and accurate tax returns. The table below lists the updated due dates which are effective for tax years beginning after December 31, 2015. Dates that have changed are in bold.  For your reference we have included the dates under prior law in parentheses.

Form Due Dates
Due Date With Extension
C-Corporation Income Tax Return (Form 1120) – Calendar Year End April 15

(Originally: March 15)

September 15
C-Corporation Income Tax Return (Form 1120) – Fiscal Year End 15th day of the 4th month following the close of the corporation’s fiscal year

(Originally: 15th day of the 3rd month after year end)

15th day of the 10th month following the close of the corporation’s fiscal year

(Originally: 15th day of the 9th month after year end)

C-Corporation Income Tax Return (Form 1120) – June 30 Year End September 15 April 15

(Originally: March 15)

S-Corporation Income Tax Return (Form 1120-S) March 15 September 15
Partnership Income Tax Return (form 1065) March 15

(Originally: April 15)

September 15
Trust and Estate Tax Returns (form 1041) April 15 September 30

(Originally: September 15)

Individual Tax Return (form 1040) April 15 October 15
Exempt Organization Tax Return (form 990) May 15 Single Extension-November 15

(Originally: 1st Extension-August 15 and 2nd Extension-November 15)

Information Returns (W-2s and 1099s) To IRS-January 31

(Originally: To IRS-February 28)

n/a
Report of Foreign Bank and Financial Accounts (FinCEN Form 114) April 15

(Originally: June 30)

October 15

(Originally: none)

Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts (Form 3520) March 15 September 15

If you have any questions concerning the changes detailed above please give us a call.
Very truly yours,

CLAUSEN & COMPANY



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