[General_Ledger]

Tax Filling Date. Please correct me if they are incorrect

Personal – 4/15

Partnership – 4/15

LLP, LP, LLC – 4/15

S Corp – 4/15

Trust – Calendar year end, so 4/15

Estate- Any year end (you file on the 4th month 15th day), if Dec 31st yr end – 4/15

C Corp – Any year end (you file on the 3rd month 15th day), if Dec 31st yr end – 3/15

Tax Exempt – Any year end (you file on the 5th month 15th day), if Dec 31st yr end – 5/15

These dates have been confusing. Just wondering if I got it down or not? And this is for generalization…

The IRS should switch all of them to Calendar year end…

FAR 73, 75*, 79! n DONE!
BEC 72, 75
AUD 64, 75
REG 43, 74, 72, 70, 88!
*Expired...FML

HELLO 300 CLUB! 6/8/13

[foreseeableCPA]

They look right. I thought S Corp was 3/15? I may be wrong though.

CPA - Class of 2013
CIA - Class of 2016

[General_Ledger]

@foreseeableCPA

S Corp taxes like partnership. Income / Loss flows thru to partners whether distributed or not.

Note: Election to S corp by 3/15 yr 1, ROLL back to January 1 yr 1 as your starting date of S Corp.

Note: S corp cannot be own by C Corp or Partnership

FAR 73, 75*, 79! n DONE!
BEC 72, 75
AUD 64, 75
REG 43, 74, 72, 70, 88!
*Expired...FML

HELLO 300 CLUB! 6/8/13

[foreseeableCPA]

https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/S-Corp-Federal-Tax-Filing-Dates/INF14757.html

CPA - Class of 2013
CIA - Class of 2016

[General_Ledger]

@foreseeableCPA

Ah great. You are right. I missed reading an entire paragraph. Darn it!

Thank you!

FAR 73, 75*, 79! n DONE!
BEC 72, 75
AUD 64, 75
REG 43, 74, 72, 70, 88!
*Expired...FML

HELLO 300 CLUB! 6/8/13

[foreseeableCPA]

@laugeorge

hahah, no worries! Glad to help. REG is a beast and trying to remember all the tiny details is difficult. Good luck!!

CPA - Class of 2013
CIA - Class of 2016

[stephanieb]

S-Corporations are due 3/15.

The extended due date for 1065, 1120, 1120S is 9/15.

FAR - (7/3/12) 77
AUD - (8/9/12) 87
REG - (10/4/12) 93
BEC - (11/21/12)85
Ethics - (12/9/12) 100

[Noct]

Entity – Due Date – Extension Period – Extended Due Date

C-Corp/S-Corp – 03/15 – 6 mo – 09/15

GP/LP/LLP/LLLP/Trust/Estate/multi-member LLC – 04/15 – 5 mo – 09/15

Individual/sole prop/single-member LLC – 04/15 – 6 mo – 10/15

Non-Profit – 05/15 – 6 mo – 11/15

Fiscal year entities follow the same pattern with the dates adjusted based on their year-end.

By the way, C-Corps and non-profits are not the only entities that can use a fiscal year. Estates very often elect a fiscal year, but technically any entity can elect a fiscal year, even an individual, but it is very rare. In order for a flow-through entity to elect a fiscal year, it must match the fiscal year of the majority of it's ownership. As such, S-Corps are almost always calendar years (they can only have individuals and QSSTs as owners), but partnership entities often elect a fiscal year if they are majority owned by another fiscal year entity.

FAR - 79 - 07/2012
AUD - 65, 78 - 11/2012
BEC - 76 - 11/2012
REG - 78 - 01/2013
ETH - 98 - 01/2013

Material: Wiley books

[jlipien]

Let's say they give you a weird year end for an individual or partnership. Let's say they tell you their year end is August 13th. What is the due date for the individual. Is it still April 15th or November 15th or November 13th. Is the due date for all the entities always on the 15th. What abut the extension? Is it 6 months from due date so it will always be on the 15th? I know this sounds silly, but I failed the exam twice already and they get pretty tricky with these questions.

[Author]

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