Important 2016 Tax Season Deadline Updates

Please be aware of the following tax season deadlines which will be going into effect for this year's tax season. This may directly impact your business' filing requirements and timelines. 

• Partnership Returns (Form 1065) will be due by March 15, 2016, instead of the former due date of April 15 you may be accustomed to in past years.
• C Corporation Deadline has been pushed back to April 15, 2016, instead of the former due date of March 15 you may be accustomed to. 
• FINCEN Report 114 (FBAR) reports used to be due by June 30. They are now due on April 15.
• W-2s, & certain 1099-MISC forms are now due to the IRS by January 31 instead of the former date of February 28 for paper copies being filed to the IRS.

Please make every effort to have your documentation and tax information put together for these sped up timelines for the timely filing of your tax documents and/or returns.

Please contact Breeden & Associates, LTD at (309)-691-3654 if you have any further questions or concerns over these new tax filing deadlines.