Estate Planning

AICPA: Change Due Dates for Certain Tax Returns

By Greg Herman-Giddens

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.

Full post as published by North Carolina Estate Planning Blog on October 26, 2010 (boomark / email).