Second, the new federal due dates
apply to 2016 tax returns and the 2017 filing season and beyond.
For partnership returns, the new due date
is March 15 (for calendar-year partnerships) and the 15th day of the third month following the close of the fiscal year (for fiscal-year partnerships).
We randomly generated due dates
according to processing times in test problems.
But the chances of having a second child on the due date
is even rarer.
Thus, partnerships and S corporations with a noncalendar fiscal year have a return due date
of the 15th day of the third month following the close of the fiscal year.
3) Since almost all States require corporations to file estimated taxes in advance and, further, require payment of any remaining balance due with an extension request, a one-month shift of a State's corporate income or franchise tax return extended filing due date
should not adversely affect state revenues.
These new due dates
are generally ones that the AICPA and state CPA societies have been advocating for several years to create a more logical flow of information and help taxpayers and tax professionals in filing timely and accurate tax returns.
Generally, the adoption of a permissible method should be addressed not later than the extended due date
of the return for the first taxable year ending on or after December 18, 1990.
1, 2007-March 31,2007), the relevant due dates
are March 15, 2008 and Sept.
The due dates
depend on the taxpayer's fiscal year.
The Service has now broadened that relief, giving new entities until their unextended return due dates
to request relief from a late election, even if that date is more than six months after the initial classification election should have been made.
9100-2, taxpayers that timely file their returns are granted an additional six months after the return's due date
(excluding extensions) to make any regulatory or statutory elections whose due dates
are the return's due date
or its extended date.