Hey, Partners!

Here’s an important alert for your 2017 tax returns. The Internal Revenue Service wants annual returns for partnerships and S Corporations to be filed a month earlier than returns for individual taxpayers.

The due date for partnerships and S Corporations reporting on calendar tax years is Thursday, March 15. It applies if you’re filing a Form 1065 (U.S. Return of Partnership Income) or Form 1120S (U.S. Income Tax Return for an S Corporation).

Partnerships had been due on April 15th, but the IRS moved up the deadline to March from the standard April date beginning last season for 2016 returns.

If your partnership or S Corp reports on a different tax year, the deadline can float with it. The due date generally is the 15th day of the third month after the tax year ends.

Feel free to contact Eric for more details about these partnership and S Corp due dates.

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