Important Changes in From 1065 Partnership Tax Returns

Friday, December 04, 2015

This letter is to inform you of recent important tax law changes that impacts all partnership income tax returns (Form 1065).  Effective for partnerships with a year-end date for December 31, 2015 or later, the due date for the tax return has been changed to March 15th instead of April 15th.

Previously, an automatic extension of time to file the Form 1065 was 5 months (extending the filing date from April 15th to September 15th).  This change in the tax law grants an automatic extension of time to file of 6 months.  THE EXTENDED DUE DATE IS STILL SEPTEMBER 15TH.

As always, we are available to answer any questions concerning the change of due date or other tax matter, please do not hesitate to contact us either by phone or email.

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