IRS modifies extended due dates for C corporation filers

On Feb. 7, the IRS released a statement confirming that calendar year C corporations filing Form 1120, U.S. Corporation Income Tax Return, that timely file an extension, would be granted an automatic six-month extension of time to file an income tax return.

The IRS stated that a revision to the instructions to Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, which contained the six-month extension, is correct. Under the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the Highway Bill), Congress modified the original and extended due dates for corporations and pass-throughs, amending Section 6081(b), which governs the extension period for C corporations, to allow for an automatic five-month extension.

Forms 1120 for calendar year corporations for the 2016 tax year have an unextended due date of April 18, 2017, and an extended due date of Oct. 16, 2017.  Importantly, the unextended due date for calendar year partnerships filing a Form 1065, U.S. Return of Partnership Income, for the 2016 tax year is one month early this year, due on Mar. 15, 2017. With extensions, partnership returns are due Sept. 15, 2017.

Contact Dave Auclair
National Managing Principal, Washington National Tax Office
+1 202 521 1515

Shamik Trivedi
Experience Manager, Washington National Tax Office
+1 202 521 1511

Dustin Stamper
Director, Washington National Tax Office
+1 202 861 4144

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