Changes Coming in 2017

In 2015, President Obama signed into law HR 3236, which included a series of revised filing deadlines for numerous taxpayers. The most notable changes include the new filing deadlines for Partnerships, C Corporations and 1065 Extensions. These new deadlines affect numerous taxpayers and will have an impact on the workflow of professional tax preparers.

To review the complete list of changes, watch this short video prepared by The Tax Group:

These changes in due dates and extension duration take effect for tax years beginning after December 31, 2015, and will not be applicable to most filers until tax returns for 2016 are due in 2017.

 

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