Partnership & S-Corp Tax Deadline Approaching

No one likes doing their taxes. But, missing your filing deadline may result in penalties and interest. Don't miss the partnership, S-corp, or NYS partnership/LLC/LLP filing fee deadlines this March 15th.

If you aren't ready to file your partnership or S-corp tax returns, you can request an extension of time to file. But, the NYS partnership/LLC/LLP filing fee form must be filed by the end of March 15th.

Further details:

March 15

Partnerships: File a 2016 tax return (Form 1065).
Provide each partner with a copy of Schedule K-1 (Partner’s Share of
Income, Deductions, Credits, etc.) of Form 1065, or a substitute
Schedule K-1. To request an automatic 6-month extension of time to file
the return and provide Schedules K-1, use Form 7004 to extend your
filing deadline to September 15. You can file Form 7004 online.

Electing Large Partnerships: File a 2016 tax return
(Form 1065-B). Provide each partner with a copy of Schedule K-1
(Partner’s Share of Income/Loss from an Electing Large Partnership) of
Form 1065-B, or a substitute of Schedule K-1. This due date applies even
if the partnership requests an extension of time to file Form 1065-B by
filing Form 7004. To request an automatic 6-month extension of time to
file the return and provide each partner with a copy of their amended
(if required) Schedule K-1, use Form 7004 to move your filing deadline
to September 15.

S Corporations: File a 2016 income tax return (Form
1120S) and pay any tax due. Provide each shareholder with a copy of
Schedule K-1 (Shareholder’s Share of Income, Deductions, Credits, etc.)
of Form 1120S, or a substitute of Schedule K-1. To get an automatic
6-month extension of time to file, use Form 7004 (Application
for Automatic Extension of Time to File Certain Business Income Tax,
Information, and Other Returns) and pay what you estimate you owe on
your return. You can file a business extension online.