The short-term highway funding extension that passed during 2015 has modified the due dates for several common tax returns for Tax Year 2016 (Filing due date in 2017). The due date changes with the most impact will be those changes for partnership tax returns (Form 1065) and C Corporation tax returns. Essentially those due dates have swapped. The significant reorganization of due dates is intended to assist individuals involved in pass-through entities in receiving information and K-1’s required to prepare their individual returns in a more timely fashion.
For tax returns reporting 2016 information that are due in 2017, the following due date changes will apply. These changes are effective for tax years beginning after December 31, 2015 for calendar year filers (tax year 2016 and beyond):
| RETURN TYPE | DATES UNDER PRIOR LAW | DATES UNDER NEW LAW (dates changed by law in bold) |
|
|---|---|---|---|
| Partnerships & LLC's - Form 1065 | Original Due Date Extended Due Date | April 15th September 15th | March 15th September 15th |
| S Corporations - Form 1120S | Original Due Date Extended Due Date | March 15th September 15th | March 15th September 15th |
| Trusts and Estates - Form 1041 | Original Due Date Extended Due Date | April 15th September 15th | April 15th September 30th |
| C Corporations - Form 1120 | Original Due Date | March 15th | April 15th** |
| Extended Due Date | September 15th | September 15th | |
| C Corporations - Fiscal Year End (other than Dec. 31 or June 30) | Original Due Date | 15th day of 3rd month after year-end | 15th day of 4th month after year-end |
| Extended Due Date | 15th day of 9th month after year-end | 15th day of 10th month after year-end |
|
| C Corporations - June 30 Fiscal Year End | Original Due Date | September 15th | September 15th |
| Extended Due Date | March 15th | April 15th | |
| Individuals - Form 1040 | Original Due Date Extended Due Date | April 15th October 15th | April 15th October 15th |
| Exempt Organizations - Form 990 | Original Due Date First Extension Second Extension | May 15th August 15th November 15th | May 15th November 15th - |
| Employee Benefit Plans - Form 5500 | Original Due Date Extended Due Date | July 31st October 15th | July 31st October 15th |
| Foreign Trusts with a U.S. Owner Form 3520-A | Original Due Date Extended Due Date | March 15th September 15th | March 15th September 15th |
| FinCEN Report 114 | Original Due Date Extended Due Date | June 30th N/A | April 15th October 15th |
| Information Returns - (i.e. W-2 and 1099s) | Original Due Date Extended Due Date | To IRS/SSA - February 28th and March 31st if filed electronically | To IRS/SSA - Forms W-2 and Certain 1099-MISC due on January 31st All other Forms 1099 due February 28th; March 31st if filed electronically |
**Oregon Tax Return, per Statute is due the 15th day of the month following the Federal due date
Changes in the filing deadlines for Personal Property Tax returns in Oregon:
Each individual, partnership, firm or corporation that has personal property must file a personal property return by March 15th. Starting in 2016, there is no longer a provision for extensions.
Please call our office at 541-342-5161 for more information or questions about the filing date changes.