What are the e-filing deadlines for corporate returns and/or extensions?
Corporate returns (1120):
- Deadlines – Compliance with a corporate e-filing deadline is based on the time the return is e-filed, not on service center receipt times. The deadline is midnight on the date the return is due.
- Forms 1120, 1120-C, 1120-H are considered corporate returns.
- Returns are due the 15th day of the 4th month following the close of the entity’s year.
- A calendar year corporate return is due on April 15 (unless this falls on a weekend or holiday).
- A fiscal year return is due the 15th day of the 4th month following the close of the year. For example a Fiscal Year 8/1 to 7/31 return would be due November 15.
- A six-month extension is available (7004).
- 1120-C and 1120-H returns cannot be e-filed, although their extensions can.
- Drake forwards corporate returns to the IRS as they are received.
- Perfecting a rejected corporate return – You have 10 days to perfect a rejected corporate return. If you transmit an 1120 on April 15, and receive an IRS reject, you will have through April 25 to re-transmit and still be considered "timely filed" if the re-transmission is accepted. The same 10-day window applies to a corporate return filed to meet an extension due date.
Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.
Corporate extensions (7004):
- Deadlines – Compliance with a corporate extension e-filing deadline is based on the time the extension is e-filed, not on service center receipt times. The deadline is midnight on the date the extension is due.
- The extension:
- is for six months, and
- must be filed by the regular due date of the return.
- Drake forwards corporate returns to the IRS as they are received, and a response is received usually within 15 minutes.
- Perfecting a rejected corporate extension – You have 5 days to perfect a rejected corporate extension. If you transmit a 7004 on April 15, and receive an IRS reject, you will have through April 20 to re-transmit and still be considered "timely filed" if the re-transmission is accepted.
Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.
- An extension of time to file does not extend the time to pay taxes due.
- See Related Links below for details.
We strongly suggest that you e-file several hours before the deadline to ensure a timely filing.
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