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New Due Dates for Certain 2016 Tax Returns Filed in 2017

December 14, 2016

After years of advocacy from the tax profession, the due dates on many tax returns will now have a new, more logical order. This change will affect several types of tax returns related to the 2016 tax year and beyond.

As of January 1, 2017, Form 1065 (U.S. Return of Partnership Income) and Form 1120 (U.S. Corporation Income Tax Return), related to the 2016 tax year and beyond, will have new due dates. 

Previously, Form 1065 was due to be filed or extended no later than April 15. The new due date for Form 1065 will now be March 15, with an extension date of September 15. This change will provide all individuals or entities, who receive tax information from Schedule K-1, with additional time to accurately complete their tax returns.

C Corporations file Form 1120, which was previously due March 15. Form 1120 will now be due by April 15, with an extension date of September 15. Moving the due date to April will allow more corporate tax returns to be filed by the original due date, without requiring an extension.

The extension deadlines for Forms 1120, 1041, and 990 have also changed. For more information on these new deadlines, as well as a chart of all tax deadlines related to the 2016 filing year and beyond, please visit the link below:

If you have any questions related to this issue, please do not hesitate to contact The Marston Group, PLC. You can reach one of our professionals at (901) 761-3003, or find us on the web at  

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