Certain Tax Return Deadline Changes for 2016

The IRS recently released 2016 updates for certain tax return deadlines. The chart below reflects the changes from 2015 to 2016 for calendar year taxpayers:

Return 2015 Deadline 2016 Deadline
Partnerships April 15 March 15
S corporations March 15 March 15
C corporations March 15 April 15
C Corporation automatic extension 6 month extension 5 month extension until 2026
S Corporation automatic extension 6 month extension  6 month extension
FinCEN Report 114 (Report of Foreign Bank and Financial Accounts) June 30 April 15 with a maximum 6 month extension

If you have any questions or concerns about these deadlines, please contact an Anders tax advisor.