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Tuesday, 11 August 2015 14:49

Revised tax return deadlines

Tax deadlines: miss them and you could wind up owing penalties and interest. Not fun, so I'd thought I'd give you a head's up about changes included in the recent highway funding bill. These changes especially effect business partnerships and overseas investors and, mostly, go into effect for your 2016 return, filed in 2017.

Partnership Returns, series 1065, will be due a month earlier than before. Returns for calendar year filers will be due on March 15. For fiscal year filers, partnership returns will be due on the 15th day of the third month following the close of their fiscal year. A six-month extension may be allowed for partnership returns.

Published in Money

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