October 23, 2016
New Due Dates for 2016 Tax Returns
Congress recently revised the due dates for the 2016 tax year as part of a broader highway funding bill and allow for a more logical flow of data. The new dates apply to 2016 tax returns due in 2017. Partnerships and corporations are most affected by these changes. Please also note that the Report of Foreign Bank and Financial Accounts (FinCEN 114 “FBAR”) has been aligned with income tax reporting deadlines. We strongly encourage our clients to familiarize themselves with the following chart, which reflects the changes in due dates.
| Tax Return | Prior Due Date
(Extension Due Date) |
New Due Date
(Extension Due Date) |
| Individual Form 1040 |
April 15 (October 15) |
No Change |
| FinCEN Report 114 (FBAR) | June 30 | April 15 (October 15) |
| Trust and Estate Form 1041 |
April 15 (September 15) |
April 15 (September 30) |
| Partnership – Calendar Year Form 1065 | April 15 (September 15) |
March 15 (September 15) |
| C Corporation – Calendar Year Form 1120 |
March 15 (September 15) |
April 15 (September 15) |
| S Corporation – Calendar Year Form 1120S |
March 15 (September 15) |
No Change |
| Information Returns
(Form W-2, Form 1099) |
February 28 (March 31 if E-Filed) |
January 31 |
| Exempt Organizations Form 990 |
May 15 (1st extension: August 15. 2nd extension: November 15) |
May 15 (November 15) |
| Employee Benefit Plans Form 5500 |
July 31 October 15 |
No Change |
Please contact us if you would like to discuss the impact of the new deadlines with respect to your personal tax situation.