It is that time of year again for taxpayers to begin organizing their financial and tax information to collaborate with their tax advisers in light of the approaching tax filing season. Taxpayers should be aware of the new due dates to ensure information is provided timely so that their tax returns are filed on time or appropriate extension requests granted.
The Highway Funding Extension bill H.R. 3236, passed by Congress and signed into law on July 31, 2015, modifies tax return due dates for a number of common return types beginning with tax years after December 31, 2015. The main purpose of these changes is to create a more succinct filing timeline to assist taxpayers with multi-tiered tax structures, allowing them to file their returns in a more timely fashion.
For a full expansive list of original and extended tax return due dates effective for taxable years starting after Dec. 31, 2015, please see this chart provided by the AICPA.
If you have any questions about the new filing deadlines and how they affect your own tax compliance needs, please contact your BT Tax Representative by calling 770.396.2200.