On July 31st, H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, was signed into law. This has caused major changes to important tax filing deadlines. These changes will affect broad categories of taxpayers for tax years beginning after December 31, 2015.
Here is one of the major changes that you need to be aware of:
Miscellaneous Return Due Date Changes
In addition to the changes discussed above, the bill also changes the maximum filing extensions for a number of other tax and information returns. [i] Some of the more pertinent changes are:
- Form 5500 Benefit plans that file form 5500 will have an automatic three and a half month extension, ending on November 15th for calendar year plans (increased from two and a half months)
- Form 1041 Trusts that file form 1041 will have a five and a half month extension, ending on September 30th for calendar year taxpayers (increased from five months)
- Form 990 Tax-exempt organizations filing Form 990 series will have an automatic six month extension, ending on November 15th for calendar year filers (increased from three months)
- Form 4720 Tax-exempt organizations filing Form 4720 for excise tax returns will have an automatic six month extension (increased from three months)
Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, Pub. L. No. 114-41, https://www.congress.gov/bill/114th-congress/house-bill/3236/text.
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