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Important 2017 Filing Due Dates for Tax Year 2016

January 2017

By: Katie Heller

In July 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 into law.  One of the effects of the bill is permanent due date changes for certain types of tax returns and reports.  These changes go into effect for business, trust and estate returns, as well as foreign bank account reports with tax years that begin on or after January 1, 2016, for the 2017 filing season.

Below is a chart with the old and new due dates for the returns affected.  

Type of Return 2016 Filing Due Dates for
Tax Year 2015
2017 Filing Due Dates for
Tax Year 2016
Form 1120 C Corporations
December 31st Year End
March 15  April 15 (NEW)
Form 1120 C Corporations
December 31st Year End Extension
September 15 September 15*
Form 1120 C Corporations
 June 30th Year End
September 15 September 15
Form 1120 C Corporations
 June 30th Year End Extension
March 15 April 15 (NEW)
Form 1120 C Corporations
 Other Fiscal Year End
2- ⅟₂ months after year end 3- ⅟₂ months after year end (NEW)
Form 1120 C Corporations
 Other Fiscal Year End Extension
6 month automatic extension 6 month automatic extension
Form 990 series
Exempt Organizations
May 15 May 15
Form 990 series
Exempt Organizations Extension
August 15
November 15
November 15 (New)
FinCEN Foreign Bank Account Reporting (FBAR) June 30 April 15 (NEW)
FinCEN Foreign Bank Account Reporting (FBAR) Extension   October 15 (NEW)
Form 1065 Partnerships 3- ⅟₂ months after year end 2- ⅟₂ months after year end (NEW)
Form 1065 Partnerships Extension 5 month automatic extension 6 month automatic extension (NEW)
Form 1041 Trusts & Estates April 15 April 15
Form 1041 Trusts & Estates Extension September 15 September 30 (NEW)

The American Institute of CPAs (AICPA) has been lobbying for due date changes for a long time.  These new dues dates should help improve the flow of information for deadlines.  One of the positive impacts of these changes is that partnership K-1s should be released earlier, which will make it easier to file individual returns without extending.

In addition to the above changes, below are the dues dates of a few less common forms:

  • Form 3520 — Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts due on April 15 with a maximum extension for up to six months ending on October 15th.
  • Form 3520-A — Annual Information Return of Foreign Trust with a U.S. Owner (Under section 6048(b)) is on the 15th day of the 3rd month after the close of trust’s taxable year, and the maximum extension is a six-month period beginning on such day.
  • Form 4720 — Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code is an automatic six month period beginning on the due date for filing the return without regard to any extension.
  • Form 5227 — Split-Interest Trust Information Return is an automatic six month period beginning on the due date for filing the return without regard to any extension.
  • Form 6069 — Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction is an automatic six month period beginning on the due date for filing the return without regard to any extension.
  • Form 8870 — Information Return for Transfers Association With Certain Personal Benefit Contracts (Under section 170(f)(10)) is an automatic six month period beginning on the due date for filing the return without regard to any extension.

Contact Goldin Peiser & Peiser if you have any questions about the new tax filing deadlines or would like further information on how our professionals can help you with your taxes.

*At the time of this publication, the IRS issued new draft instructions for Form 7004. Pending the release of the instructions, this deadline could change to October 15, 2017.

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