Blog Archive
August 2015

New Tax Return Due Dates

On July 31, 2015, President Obama signed into law P.L. 114-41, the "Surface Transportation and Veterans Health Care Choice Improvement Act of 2015" (the Act). The Act includes a number of important tax provisions mostly relating to tax return due dates. The main idea of the due date revisions is to have tax returns for flow-through entities (partnerships or S-corps) due before the tax returns they flow to (individuals and C-corps).


Corporate, Partnership, and Trust Due Dates Revised


Under current law, domestic corporations (including S corporations) with a fiscal year must file their returns by the 15th day of the third month after the end of the tax year; thus, those with a calendar year must file their returns by Mar. 15 of the following year...