• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

C corps’ filing extensions now six months, up from five

Get PDF file

by on
in Office Management,Payroll Management

The IRS has clarified in Pub. 509, “Tax Calendars,” and the instructions to Form 7004, “Application for Automatic Extension of Time to File,” that all C corporations, including calendar-year corporations, are eligible for an automatic six-month extension of time to File Form 1120, not five months.

Return due date roulette. As amended by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, tax code Section 6081(b) requires C corps to file their 1120 forms by the 15th day of the fourth month after the end of their fiscal year, instead of by the 15th day of the third month. Automatic filing extensions apply as follows:

  • Fiscal-year C corps can apply for an automatic six-month filing extension
  • For tax years ending before 2026, calendar-year C corps may request a five-month filing extension
  • C corps with fiscal years ending on June 30 may request a seven-month filing extension.

The IRS, however, is relying on tax code Section 6081(a), which gives it general power to extend due dates, to grant a six-month automatic filing extension to calendar-year C corps.

Leave a Comment