Tax Provision Modifies Several Tax Return Due Dates

Thomas R. Tartaglia, CPA (Jan, 2017)

Recent legislation signed into law contains several important tax provisions for 2016. The most significant tax change is the provision that modifies the due dates for several common tax returns due in 2017 (for the 2016 tax year).

Miscellaneous 2016 reports:

  • Federal form 1099 is now due to both recipient and to the IRS by 1/31
  • Federal form W2 is now due to employees and to the IRS by 1/31

12/31 (calendar year income tax returns):

  • Partnership: Federal (Form 1065) and NYS (Form IT-204) are due 3/15 instead of 4/15
  • C-Corporations: Federal (Form 1120) and NYS (Forms CT-3 & CT-3-M)) are due 4/15 instead of 3/15
  • Fin Cen-FBAR: Report of Foreign Bank and Financial Accounts (Report 114) is due 4/15 instead of 6/15
  • NYS LLC Filing fee (Form IT-204LL) is due 3/15 instead of 3/1
  • NYS Captive Insurance Company (Form CT-33-C) is due 4/15 instead of 3/15

Filing Dates that are unchanged:

  • S-Corporation (Forms 1120S & NYS CT-3S) due 3/15
  • Trust & Estate (Forms 1041 & IT-205) due 4/15
  • Individual (Forms 1040 & IT-201) due 4/15
  • Exempt Organizations (Form 990) due 5/15
  • NYS C-Corporation & MTA surcharge mandatory first installment (for 2017) due 3/15 (new Form CT-300)

Various other states may or may not have changed their due dates to correspond with the federal changes. If the state does not conform to the federal changes, the related state tax return may be due before or after the federal filing due date.

This is a listing of the more common forms that are filed.  If you are required to file any other forms not listed above, we recommend that you contact your tax advisor for additional guidance. 

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The information reflected in this article was current at the time of publication. This information will not be modified or updated for any subsequent tax law changes, if any.