Modified Due Dates for Certain Tax Returns (article)
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (Public Law 114-41) enacted on July 31, 2015 directs the Treasury to modify due dates of certain tax and information reporting forms. Of particular note, for return forms beginning after December 31, 2015:
- The maximum extension for the returns of employee benefit plans filing Form 5500 will be an automatic 3½-month period ending on November 15th for calendar year plans.
- The maximum extension for the returns of organizations exempt from income tax filing Form 990 series will be an automatic 6-month period ending on November 15th for calendar year filers.
In addition, this law also modifies the tax return due dates for partnerships, S corporations and C corporations.
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