New Due Date: Partnerships & LLC’s (2 or more member)

IRS CHANGES DUE DATE FOR FILING PARTNERSHIP RETURNS (Including multi-member LLC’s)

New for 2016, the due date for filing your Partnership (Form 1065) has been moved up to March 15th instead of April 15th.  This change affects not only partnerships, but also multi-member LLC’s.

For 2015 and earlier partnership returns, the due date of the return was April 15th, the same as individual returns.  But, Congress enacted legislation in early 2016 which moves the due date to March 15th.

This means we have less time to work on your partnership returns, and you have less time to get your books and records and tax related documents to us.

As the year comes to an end, it is not too early to get your partnership books and records for 2016 completed.  It is also not too early to schedule your “TRIN” (Tax Return IN) appointment.

Call and schedule your appointment for late January or Early February now.

Mike