If you file for an extension on your individual tax return prior to the April 15th deadline, your new date for filing is October 15th. If the parish/county that you reside in, or your tax preparer resides in, is declared a federal national disaster area the IRS can postpone filing and payment obligations for the period September 1 through December 31. What is the last date to file your individual tax return?
You must file your individual income tax return by the later of the end of the postponement period or the extended due date. The postponement period ends on December 31, which is later than the extended due date of October 15. Therefore, your individual income tax return must be filed by December 31.
You file for an extension for a U.S. Return of Partnership Income prior to the March 15th deadline. A federal natural disaster is declared in the state/county that the partnership was formed, and the IRS postpones filing and payment obligations for the period March 1 thru June 30. What is the last date to file your U.S. Return of Partnership?
The partnership return must be filed by the later of the extended due date or the end of the postponement period. If the partnership is an affected area with respect to the federally declared disaster and filed an extension prior to the end of the postponement period of June 30, the extension would relate back to the due date of March 15.
The extension would run from March 15 to September 15. Because the extended due date of September 15 is later than the end of the postponement period June 30, the partnership’s Form 1065 is timely if filed on or before September 15.
Your U.S. Corporation Income Tax Return is due for filing on April 15 but you file an extension extending the due date to October 15. If a federal natural disaster is declared in the county/parish where your principal place of business in located and the IRS postpones filing & payment obligation for May 1 thru August 31, what date must you file your corporate return?
The postponement period runs concurrently with any extensions of time to file and pay under other sections of the Internal Revenue Code. The return must be filed by the later of the extended due date or the end of the postponement period. If the extended due date occurs prior to the end of the postponement period, the return must be filed by the end of the postponement period. If, however, the postponement period ends prior to the extended due date, the return must be filed by the extended due date. Here, the extended due date October 15 is later than the end of the postponement period August 31. Therefore, your corporate tax return must be filed by October 15.