Summary Chart of Current and Proposed Due Dates 


    Comparison Chart of Current Law and Proposed Legislation - H.R. 901 and S. 420
     
    RETURN TYPE CURRENT LAW DUE DATE/EXTENDED
    DUE DATE
    PROPOSED INITIAL DUE DATE PROPOSED EXTENDED DUE DATE
    Partnership – 1065 April 15/ September 15 March 15 September 15
    S Corporation – 1120S March 15/ September 15 March 31 September 30
    Trust and Estate – 1041 April 15/September 15 April 15 September 30
    C Corporation – 1120   March 15/ September 15 April 15 October 15
    Individual – 1040  April 15/ October 15  April 15 October 15
    Exempt Organizations - 990, 4720, 5227, 6069, and 8870 May 15/August 15 and November 15 May 15 November 15
    Employee Benefit Plan – 5500 July 31/October 15 July 31 November 15
    Foreign Bank Account
    Report - TD F 90.22-1
    June 30 April 15 (Secretary can waive penalty for first time failure to file extension request) October 15
    Foreign Trusts with a US Owner - 3520-A March 15 April 15 October 15
    Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts – 3520 April 15/October 15 with owner’s tax return extension April 15 October 15 (can be extended separately from owner’s tax return)

    For more information, see AICPA Due Dates Page and Summary of Proposed Legislation.



    A A A


     
    Copyright © 2006-2014 American Institute of CPAs.