Recent Changes to Tax Filing Due Dates – Specialist R&D Tax Advisors

Recent Changes to Tax Filing Due Dates

Posted October 12, 2015

On July 31, 2015, President Obama signed the The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.

The act’s main purpose is to authorize funds for federal-aid highway and public transportation programs and makes funds available from the Veterans Choice Fund to pay for Veteran’s health care provided by sources other than the Department of Veterans Affairs. The act also changes tax filing due dates for certain taxable entities.

Effective of December 31, 2015, tax filing dates for specific business entities are the following:

Partnerships: The initial filing date is the 15th day of the third month following the close of the fiscal year. The maximum extended filing date is six months after the initial filing date.
S-Corporations: The initial filing date is the 15th day of the third month following the close of the fiscal year. The extended filing date is the sixth month after the initial filing date.
C-Corporations: The initial filing date is the 15th day of the fourth month following the close of the fiscal year. The extended filing date is the sixth month after the initial filing date.
- C-Corporations with a FYE June 30 2015-2015: The initial filing date is September 15th with the extended filing date being April 15th.
- C-Corporations with a FYE June 30 2026 – forward: The initial filing date is October 15th and the extended filing date is April 15th.
- C-Corporations with a FYE December 31 2015-2025: The initial filing date is April 15th and the extended filing date is September 15th.
- C-Corporations with a FYE December 31 2026 – forward: The initial filing date is April 15th and the extended filing date is October 15th.

The change in due dates also impacted FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), and several other IRS information returns.

If you are interested in claiming the R&D Tax Credit this year and can provide an estimate of your R&D expenses, contact us today for a No-Cost value study and an estimate of your R&D credit for 2015.

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