S Corporation and Partnership Have New Filing Deadlines for 2016 – Fast Approaching

If you operate your business as an S Corporation or a Partnership for income tax purposes, and you have a calendar year end, the deadline for filing 2016 year end returns is March 15th, 2017. This is a change from last year and has been moved up by one month. This was done so that the individual partners and shareholders will have plenty of time to receive their K-1’s and properly prepare their personal taxes in advance of the filing deadline of April 18th 2017 for individual income taxes. In Michigan,if you operate as an S Corporation vs a C Corporation you are no longer required to file a business tax return for State tax purposes. If you have not yet completed your 2016 year end books and records, you can easily obtain and file for an automatic 6 month extension of time until September 15th, 2017 by filing IRS Form 7004. For Michigan tax purposes no business extension is required.

Related Articles and Important Dates:

Tax Time Deadlines for Returns, Extensions, Tax Payments and Refunds Upcoming

C Corporations New Filing Deadlines

Corporate Tax Services

Franskoviak Tax Solutions

We Won’t Let The IRS Bully You.
For over 30 years, Mike Franskoviak and his team have helped distressed and confused taxpayers navigate the tricky terrain of tax issues. With his help, numerous clients throughout the years have successfully protected themselves from IRS seizure of their accounts and property. Read more

See author's posts