President Obama signed a highway funding bill on July 31st that changes due dates for certain tax returns. The changes will not go into effect until the 2016 tax year. The change that will have the most impact on our clients will be changes to partnership returns (Form 1065) and C-Corp returns (Forms 1120). They are listed below. The FinCEN (Form 114), which is the form that requires reporting of foreign bank accounts above $10000, will also change from a due date of June 30th to April 15th.
Tax Year 2015 (due date 2016)
Tax Year 2016 (due date 2017)