It’s officially tax season, which means it’s time to gather your documents, meet with your CPA, and start filing your 2017 tax returns. To help you stay on top of things, here’s everything you need to know about this year’s income tax return due dates and filing extensions.

Business Tax Return Due Dates:

As each business entity type often has different deadlines for Federal Income Tax Returns, here’s a graph of each one for reference:

 

Entity Type:

Return/Extension Filing Due Date:

Due Date After Extension:

S Corporation or Partnership

03/15/2018

09/17/2018

C Corporation and Individuals

04/17/2018

10/15/2018

Exempt Organizations

05/15/2018

08/15/2018

Any tax returns filed late will be accepted – though you can expect to pay late fees – all the way up to its final deadline (the extension due date), after which all electronic filing will be denied by the IRS, and you must file via paper instead.

If you don’t yet have all the necessary tax information to file your return on time, you can file for an Extension all the way up to the filing due date, which will extend your return deadline by up to 6 months (see graph for exact dates). But remember: filing for a Tax Extension does not extend the payment deadline for tax due, so be sure to pay all your taxes on time!

Business Tax Return Forms:

Need help deciding which tax form your business requires you to fill out? Here’s a basic guide for your convenience:

 

Entity Type:

Required Tax Form:

S Corporations

Form 1120S

C Corporations

Form 1120

Partnerships

Form 1065

Individuals

Form 1040

Exempt Organizations (charities, nonprofits, etc.)

Form 990

And remember, if you ever need help with your filing and bookkeeping, we at AB&P are always standing by, and can be reached through [email protected] or by calling (310) 534-5577!

Pin It on Pinterest

Share This