The President signed legislation on July 31, 2015 that changes the due dates for many business and information returns for the 2017 tax year. The most significant changes concern the partnership and C-corporation filing deadlines, as well as the FinCEN Form 114 foreign reporting filings. Calendar year partnership tax returns will be due on March 15 (a month earlier than the current filing deadline), and calendar year C-corporations returns will be due on April 15 (a month later than the current filing deadline). FinCEN Form 114, Report of Foreign Bank and Financial Accounts (“FBAR”), will also be due April 15, and can be extended to October 15. These changes will ultimately provide a more logical flow of information to taxpayers with flow-through entity deadlines occurring before individual and corporate deadlines.
If you would like more information regarding this legislation and corresponding changes, below is a link to an article providing more detail: