Corporate Tax Filing Deadline Change History
Corporate tax filing deadline changes were made about two years ago. Congress made an update to the deadline for filing Partnership returns. The old deadline was April 15th. This deadline never made too much sense since the owners of the partnership could not complete their tax return until they got their K-1s from the Partnership.
2018 Corporate Tax Filing Deadline
The deadline was is now March 15th (3/15). This makes sense because the partners now have a month to get their tax returns in order.
With many such changes the IRS is lenient at first and penalties may not apply, except in the most egregious cases. The IRS would have likely waived any late filing penalties during the second go around in 2017. However, this year, 2018 will be strike three. If you have a partnership or LLC that operated in 2017, the deadline to file is nearly here. Filing late has the potential to trigger a $200 per partner per month penalty. Don’t get caught with flat-foot. As a Partnership or LLC, you need to file quickly! Please feel free to reach out to us and we can help you make sure your filings are timely.
Questions About When to File Your Corporate Tax Return?
Do you have a partnership or LLC? You may have questions about filing your corporate tax return, please give Alex Franch, BS EA a call at 781.849.7200 or email us at contactus@worthtax.com. Make sure you don’t miss the corporate tax filing deadline, make an appointment with us as today!
Alex Franch, BS EA
Alex is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Alex is an Enrolled Agent and has a decade of tax preparation experience. He is passionate about serving businesses with tax and financial planning strategies.