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Corp tax return extention


taxguy057

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Yep, it sounds like your guy is a little late as by his panic call, he must be a calendar year filer.

His return would not necessacarliy have been due 03/15. He could have a calendar year parternship or a multi member LLC which would file a 1065 form due 04/15 or a single member LLC which would report its income and expenses on a schedule C filed with the owner's form 1040.

Note that effective with tax year 2009 1065 forms on extension are due 9/15 (due date for 1120 and 1120S forms), not 10/15 (extension is for 5 months). This change was to prevent individual tax payers on extension from not being able to complete their taxes by 10/15 due to prepareres of 1065 returns with K-1's for them not getting them the K-1s by 10/15.

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