For example, S corporations and partnerships have a due date to file tax returns on the 15th day of the third month that follows the end of their tax year. It is best to consult with a tax professional about what items are deductible and those that are not.įiscal year tax filers have different file dates and extension times. You will not be allowed to deduct costs incurred prior to starting the business. If your C corporation was started in 2017, you need to know the actual date the company began operating the business.In this case, the due date will be the following day, Tuesday, April 17. April 15 falls on Sunday and Monday, April 16 is a holiday in the District of Columbia. An exception to the "day following due date" is upcoming in 2018.For example, if the due date falls on Sunday, the new due date will be the following day Monday. If the due date for filing taxes fall on a holiday or the weekend, the date for filing moves to the first workday.For corporations that do not have December 31 as their year-end, the filing date will fall after the year-end on the 15th day of the 4th month. If the fiscal year-end for the corporation is December 31, the new deadline for filing the 2017 return is April 17, 2018, on a yearly basis.The new deadline for filing Form 1120 for corporate taxes depends on the fiscal (tax) year of the corporation. The C corp tax return due date has been updated effective for the 2016 tax year, filed in 2017.
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