New Filing Deadlines

August 06, 2015

A number of significant changes to the current filing deadlines for partnership, corporation and trust tax returns were included within the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, which was signed into law on July 31, 2015 by President Obama.

Effective generally for tax years beginning after December 31, 2015:

Partnership and S corporation returns will now be due March 15, with an automatic 6 month extension available.

C corporation returns will now have a due date of April 15, with an automatic 5 month extension.  For C corporations with fiscal years ending June 30, the change will not apply until after 2025.

Trusts filing Form 1041s will now have a longer extended period of 5 1/2 months, due September 30.

Individual filing dates remain unchanged; however, FBAR (“Foreign Bank Account Report”) filings will now be due April 15, with a 6 month extension available.

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