CIRA-Tax Alert: Change in Federal Corporate Tax Return Due Dates

February 2017CIRA TAX Alert Puzzle

Condominium Associations, Homeowner Associations and Cooperatives are all required to file annual federal corporate tax returns. The due dates for these returns had been the 15th day of the third month after the entities’ year end and, if extended, the extension was for six months resulting in the tax return extended filing due date being the 15th day of the ninth month after year end.

However, the Surface Transportation and Veterans Health Care Choice Act of 2015 has changed a number of important federal tax return due dates. Of importance to condominiums, homeowner associations and cooperatives, is that the corporate tax return filing due dates for tax years ending on or after December 31, 2016 were impacted by this Act.

Condominium Associations, Homeowner Associations and Cooperatives will now benefit from a lengthier time to file their federal corporate tax returns. The due date for these returns (for all but June 30 year ends) has been modified to add a month so that the return is due on the 15th day of the fourth month after the entities’ year end. The extension of time for these returns will continue to be for six months, so the extended due date is the 15th day of the 10th month after year end.

In summary, for December 31, 2016 calendar year ends, the due date changes are as follows

                                                  Original Law               Revised Law

Due Date                                  03/15/2017                 04/15/2017

Extended Due Date               09/15/2017                 10/15/2017

NJ Corporate tax filing due dates (for Cooperatives) follow the federal due dates.

As mentioned above, the federal corporate tax return filing due dates for June 30 year ends differ. For June 30 year ends – through January 1, 2026, the original due date remains at the 15th day of the third month after an entity’s fiscal year end. The extension of time to file for these returns will be for seven months, so the extended due date being the 15th day of the tenth month. After December 31, 2025 the due dates for June 30 year ends will follow all other year ends – return is due 15th day of the fourth month after year end and if extended, the extension will be for six months resulting in the tax due date of 15th day of the tenth month after year end.

For more information, or if you have any questions about this or any other tax matter, please contact your Wilkin & Guttenplan advisor or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

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