Partnerships, Estates and Trusts: When Is Your Extended State Return Due?
This is a reminder for businesses and tax professionals who file returns for partnerships, estates and trusts.
If you recall, the IRS issued regulations (IR-2008-84; T.D. 9407; NPRM REG-115457-08) reducing the automatic extension period from six months to five months for partnerships filing Form 1065 or Form 8804, and estates and trusts filing Form 1041.
The change applies to returns due on or after January 1, 2009.FEDERAL Return Impact
For all calendar-year partnerships and estates and trusts who filed extensions or requested automatic extensions, their FEDERAL returns are due September 15, 2009 instead of October 15, 2009.
STATE Return Impact
If your partnership, estate or trust files in multiple states, please note that some states follow federal automatic extension periods and some don't. Meaning, some state returns are NOW due September 15, 2009 that have historically been due later. It is important for you to confirm the due dates for the state returns you will be filing over the next 2 months.S Corporation NoteS Corporation due dates at the FEDERAL level did not change: the original return due date for calendar-year taxpayers remains March 15th, and the extension period is still 6 months providing a due date of September 15th.
Therefore, state return due dates for S corporations did not change as well.Need Help?
If you have any questions, or would like assistance in determining the due dates for your state returns, please contact me at email@example.com.
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.