Last July, Congress and the President passed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. Among its provisions, this law modified the annual due dates for many common tax returns, beginning with the 2016 tax year (returns that will be filed in 2017). Below we have included a list of the tax returns impacted by the change along with a few of the returns that will not be changing. If you have any questions about these changes, you are welcome to contact us for additional details.
Tax Return Due Date – New Law Due Date – Old Law Other Comments
Business | |||
Form 1065 | March 15 | April 15 | |
Form 1120S | March 15 | March 15 | No change |
Form 1120 (12/31 Year End) | April 15 (but see note regarding extended due date) | March 15 | Special rule for 12/31 calendar year returns – extended due date under the new law will be 9/15 |
Form 1120 (6/30 Year End) | September 15 | September 15 | Special filing dates for 6/30 FYE returns – the extended due date under the new law is April 15 |
Form 1120 (Other Fiscal Year End) | 15th day, 4th month after close of year-end | 15th day, 3th month after close of year-end | The extended due date under the new law is 6-months after the regular due date |
Individual | |||
Form 1040 | April 15 | April 15 | No change |
Trust | |||
Form 1041 | April 15 (but see note regarding extended due date) | April 15 | When filing extension, the extended due date is changing from 9/15 under old law to 9/30 under new law |
Other | |||
Form 990 | May 15 (but see note regarding extended due date) | May 15 | Returns will now be allowed a 6-month automatic extension (superseding old law that had a 90-day initial extension) |
Form 5500 | July 31 | July 31 | No change |
FinCen 114 | April 15, plus extension | June 30 | Returns are allowed a 6-month automatic extension |