Tuesday, March 13, 2012

Approaching Deadlines

March 15th is the deadline for calendar year Corporations and S-Corporations to file their returns. Corporations should file Form 1120. S-Corporations should file Form 1120S. If additional time is needed an extension can be granted until September 15th. File Form 7004 to request a 6-month extension.

If you are seeking to be an S-Corporation for 2012, file Form 2553 by March 15th. If this deadline is missed, you will be a C Corporation, Partnership or Disregarded Entity (whatever the case may be) until 2013.

With the deadline approaching, here is a helpful link with all the due dates that will apply to small businesses.

If you have any questions about this or any other tax topic, please contact me.

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