On Your Marks, Get Set, Go! Tax Season Begins

It’s that time of year again – the IRS issued a statement on January 4 announcing the official beginning of tax season on Monday, January 29, 2018.  Starting on this date, the IRS will begin accepting 2017 income tax returns

This year’s filing deadline for individual income tax returns is Tuesday, April 17, 2018, since the traditional April 15 falls on a Sunday, and the following Monday is a government holiday. 

The IRS wanted to remind taxpayers that filing electronically is the fastest and most efficient way to file your tax return and get your refund.  It also wanted to inform taxpayers that refunds from the Earned Income Tax Credit and the Additional Child Tax Credit would not be issued before February 27, 2018. 

Below is a chart to summarize tax return deadlines for businesses and other entities.  

Entity

2018 Due Date (for Tax Year 2017)

 

C corporation

 

15th day of the fourth month following the close of the tax year (April 18, 2018 if calendar year)

 

 

S corporation

 

15th day of the third month following the close of the tax year (March 15, 2018 if calendar year)

 

 

Partnership

 

15th day of the third month following the close of the tax year (March 15, 2018 if calendar year)

 

 

Estates/Trusts

 

15th day  of the fourth month following the close of the tax year (April 18, 2018 if calendar year)

 

 

Tax Exempt Organization

(Forms 990, 990-EZ, 990-PF, 990-BL)

 

15th day of the fifth month following the close of the tax year (May 15, 2018 if calendar year)

 

 

As always, feel free to contact us with any questions you may have regarding your tax compliance responsibilities. 

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2021 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
Ohio’s New Budget
Supreme Court Ruled State Request for Donor Information Unconstitutional
IRS Experiencing Delays: Exempt Organizations are Encouraged to e-file Forms 8868 and 990-ez
Applying for Federal Income Tax Exemption?
Ohio Update on the Unemployment Benefits Exclusion for Taxpayers Who Filed Prior to the Enactment of the American Rescue Plan Act
LIFO Liquidation Relief for Automotive Dealers
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us
Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]
p:571.380.9003

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×