The length of the extension varies from return to return.

See below for a summary of the changes.The deadline for filing many IRS returns can be extended. On the positive side, corporations will have more time to file and any individuals with foreign bank account reporting requirements can now file for an extension.Ĭontact your Moss Adams professional for any questions related to these due date changes. Your tax preparers will need information earlier in the year to be able to file on time. We're Here to HelpĮmployers with payroll filings and partnerships will be most impacted by the earlier due dates. Forms 1099-MISC reporting information in any other box will still have the previous deadline of February 28. Starting in 2017, all copies of Forms W-MISC (with report information in Box 7 related to nonemployee compensation) must be filed by January 31. The upside is you can now get a six-month extension to file your FBAR. Taxpayers that are required to file foreign bank account reports (FBARs) should be aware that the FBAR due date will change from June 30 to April 15. Let’s explore the other due date changes impacting taxpayers. Since these changes are for tax years beginning in 2016, they’re also relevant for any short-year returns beginning in 2016. C corporations with a June 30 year-end have their own set of new rules for the timing of filing their tax returns as noted in the chart below. Importantly, however, calendar-year C corporations will only receive a five-month extension so the extended due date for calendar-year C corporations remains September 15. This means that taxpayers will have to gather their partnership information earlier in order to file on time.Ĭorporations and partnerships that extend their returns will still generally obtain a six-month extension to file. The main objective of the federal due date changes is to ease the burden for taxpayers and preparers in preparing corporate, individual, or trust returns needing a partnership K-1.

Corporations, now due April 15 (formerly March 15).

Partnerships, now due March 15 (formerly April 15).

The due date changes for calendar-year companies with the most significant impact affect:

Provider Reimbursement Enterprise ServicesĪs you prepare to file your tax returns for the 2016 tax year, there are important federal due date changes that may impact the due dates for your return.

Operational Improvement & Performance Excellence.

Fair Value & Financial Statement Reporting.

Quality of Earnings (Buy-Side/Sell-Side).

Business Intelligence Visualization Dashboard.

Employer credit for family and medical leave.

State & Local Tax Controversy & Dispute Resolution.

Federal Tax Controversy & Dispute Resolution.

Irs e filing for 2016 tax extension