ARTICLE · 10 SEPTEMBER 2015

U.S. Returns And Forms – Revised Filing Deadlines Starting For The 2016 Tax Year

Fuller Landau

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On July 31, 2015, the U.S. enacted The Surface Transportation and Veterans Health Care Choice Improvement Act, which revised the filing deadlines for certain U.S. income tax filings and foreign disclosure forms.

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On July 31, 2015, the U.S. enacted The Surface Transportation and Veterans Health Care Choice Improvement Act, which revised the filing deadlines for certain U.S. income tax filings and foreign disclosure forms.

The new filing deadlines are effective for year-ends beginning after December 31st, 2015.

C-corporations with a June 30 year-end will continue to have the filing deadline of 2.5 months after year-end, which is September 15th, until 2025. For years beginning after 2025, the due date will revert to the 3.5 months after year-end, which would be October 15th.

One of the surprising adjustments is in regards to the FBAR. Starting in 2016, the filing deadline with be April 15th to coincide with the U.S. personal tax return. Also, for the first time, a 6-month extension will be allowed to extend the deadline to October 15th. This change is to assist taxpayers with their filing compliance, as it aligns the filing deadline for both their U.S. personal tax return

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