Fiscal-Year Taxpayer's Calendar
If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in the General Federal Tax Calendar. Use the following general IRS guidelines listed below to make these changes. Please note that the 3 months that make up each quarter of a fiscal year may be different from those of each calendar quarter, depending on when the fiscal year begins.
Form 1040 This form is due on the 15th day of the 4th month after the end of your tax year.
Estimated tax payments (Form 1040ES) Payments are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the 1st month after your tax year ends.
Form 1065 This form is due on the 15th day of the 3rd month after the end of the partnership's tax year. Provide each partner with a copy of Schedule K1(Form 1065) or a substitute Schedule K1.
Form 1065B (electing large partnerships) This form is due on the 15th day of the 3rd month after the end of the partnership's tax year. Provide each partner with a copy of Schedule K1(Form 1065B) or a substitute Schedule K1 by the first March 15 following the close of the partnership's tax year.
Form 1120 and Form 1120S (or Form 7004) These forms are due on the 15th day of the 4th month after the end of the corporation's tax year. However, a corporation with a fiscal tax year ending June 30 must file by the 15th day of the 3rd month after the end of its tax year. A corporation with a short tax year ending anytime in June will be treated as if the short year ended on June 30, and must file by the 15th day of the 3rd month after the end of its tax year. S corporations must provide each shareholder with a copy of Schedule K1(Form 1120S) or a substitute Schedule K1.
Estimated tax payments Payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.
Form 2553 This form is used to choose S corporation treatment. It is due no more than two months and 15 days after the beginning of the tax year the election is to take effect or at any time during the preceding tax year.
If you need assistance with your US taxes, please complete the contact form below to schedule a FREE consultation:
