Due Date for Partnership Tax Returns
Important Reminder: 2017 Partnership Tax Returns are due on Thursday, March 15, 2018.
Last year was the first year when partnership tax returns (Forms 1065) were due on March 15th, instead of the later due date that used to apply in earlier tax years. Some entities missed that due date for the 2016 tax year, and the IRS later provided special relief provisions for those who missed the new due date. (See the discussion in our prior post.)
It is unlikely that that IRS will provide such relief provisions for entities that miss the due date for returns covering the 2017 tax year. Therefore it is vital that practitioners file Forms 1065 (and any related state returns) by Thursday, March 15, 2018 or file extension request forms for such returns.