Highway Act Changes Business Return Due Dates

Highway Act Changes Business Return Due Dates

Polk & Associates CPAArticle originally posted on Monday, August 3, 2015, Preview Issue -No.2015-15 Thomson Reuters/PPC

Highway Act makes both partnership and S corporation returns due March 15th following the close of the calendar year (or 15th day of the third month following the close of a fiscal year) for years beginning after 12/31/15. The tax filing deadline for C corporations is changed to April 15th (or 15th day of the fourth month following the close of a fiscal year) for returns for years beginning after 12/31/15. However, for C corporations with a 6/30 year end, the changes are effective for years beginning after 12/31/25. The automatic extension period for these returns has also been adjusted. The Highway Act includes other tax compliance provisions.

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