2016 year-end tax letter: New tax return filing due dates

Remember, many 2016 federal tax returns have new due dates. In last year’s Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the Act), partnerships and S corporations are required to file federal tax returns by March 15 following the close of the calendar year (or for a fiscal-year taxpayer, on or before the 15th day of the third month following the close of its fiscal year) while C corporations now have to file by April 15 (or three and a half months after the close of its tax year). For C corporations with a tax year ending on June 30, the above changes are effective for tax years beginning after Dec. 31, 2025. This change is effective for returns with tax years beginning after Dec. 31, 2015.

The Act also provides C corporations with an automatic six-month extension of the applicable filing date. In the case of calendar-year C corporations, the automatic extension is up to five months (Sept. 15) until tax years beginning after Dec. 31, 2025, at which time the extension would be up to six months (Oct. 15). For C corporations with tax years ending on June 30, the current law filing date (Sept. 15) remains in effect until tax years beginning after Dec. 31, 2025, and will be extended to Oct. 15 thereafter.

Due dates for the Report of Foreign Bank and Financial Accounts (FBAR) have also changed to April 15 from June 30 to align with the due date for individual tax returns.

With the federal due date changes, states have also had to review when their returns should be filed. The following charts indicate the due dates for the different state returns (presented for calendar year-end entities). Due dates for extensions, estimated payments, composite returns and fiscal-year taxpayers are not included in these charts and may differ from the information below.

C corporations: Federal due date now April 15

March 15 *

April 1 *

April 15

May 1

May 15

Arkansas (tax years beginning Jan. 1, 2017, will be due April 15), Illinois, Massachusetts, Wisconsin

Delaware

Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Hawaii (April 20), Idaho, Kansas, Kentucky, Maine, Maryland, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, West Virginia

Connecticut, Florida, Iowa (April 30), Michigan (April 30)

Alaska, Indiana, Louisiana, Montana, Ohio (May 10), Oklahoma, Oregon, Pennsylvania, Texas

* Jurisdiction requires legislative change to conform for federal due date

Partnerships: Federal due date now March 15

March 15

April 1

April 15

April 30

May 15

Alabama, Arizona, California, Georgia, Maine, Mississippi, Nebraska, New Hampshire, New Mexico, New York, Oregon, Rhode Island, South Carolina, Vermont, West Virginia

Florida

Alaska, Arkansas, Colorado, Connecticut, District of Columbia, Hawaii (April 20), Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, Montana, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Utah, Virginia, Wisconsin

Delaware, Iowa, Michigan

Texas

S corporations: Federal due date March 15

March 15

March 30

April 15

April 30

May 15

Alabama, Arizona, Arkansas, California, Georgia, Illinois, Maine, Massachusetts, Mississippi, Montana, Nebraska, New Mexico, New York, Rhode Island, South Carolina, West Virginia, Wisconsin

Delaware

Alaska, Colorado, Connecticut, District of Columbia, Hawaii (April 20), Idaho, Indiana, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Utah, Vermont, Virginia

Florida (May 1), Iowa, Michigan

Louisiana, Ohio (May 10), Texas

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The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely.  The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.