Looking Ahead to 2017: Filing Due Date Changes

Important Changes to 2016 Tax Return Due Dates for Partnerships and C Corporations

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 revised the due dates for entity returns, effective for tax years beginning after December 31, 2015 (i.e., for 2016 tax year returns due in 2017).

• Partnerships are required to file their returns by the 15th day of the third month after the end of the tax year. Therefore, partnerships using a calendar year end will have to file by March 15 of the following year. This is a month earlier than the previous due date of April 15.
• C Corporations are required to file their returns by the 15th day of the fourth month after the end of the tax year. Therefore, C corporations using a calendar year end will have to file by April 15 of the following year. This is a month later than the previous due date of March 15. A special rule for C corporations with fiscal years ending on June 30 defers the due date change until tax years beginning after December 31, 2025.
• S Corporation’s filing date remains the same – the 15th day of the third month after the tax year.

The accelerated due date for partnerships will require accounting records to be provided promptly after the year end in order to file by the March 15 deadline. Please call our office with any questions.