AICPA: Change Due Dates for Certain Tax Returns
The American Institute of Certified Public Accountants has recommended to Congress that the due dates for tax returns filed by Partnerships, S Corporations, C Corporations, Trusts and Estates, and Pension Plans be changed.
For the initial due date, the returns that would be affected are:
Form 1120S (S Corp) - March 15 to March 31.
Form 1120 (C Corp) - March 15 to April 15
Form 1065 (Partnership and most LLCs) April 15 to March 15
This would allow the more efficient flow of information from certain returns, such as Form 1065, to other returns that are due on a later date.
The due dates for extended returns would also change. See the AICPA letter linked to above for details.
