OUR THOUGHTS ON:

Pennsylvania and Federal Extension Deadlines for Fiduciary and Partnership Returns are Unified

Tax

By Melanie LaSota

In the past year, the Pennsylvania Department of Revenue and the Internal Revenue Service have not been on the same page with respect to the time granted pursuant to an application for an extension. While individual and corporate filers have consistently been granted an automatic six (6) month extension upon application, fiduciary and partnership filers had to mark another date on their calendars.

For tax years ending on or before December 31, 2008, the Pennsylvania Department of Revenue granted an automatic six (6) month extension for fiduciary and partnership returns. However, for the same taxable year, the Internal Revenue Service granted only a five (5) month extension for the same return.

For tax years ending on or before December 31, 2009, the deadlines for fiduciary and partnership returns imposed by the Internal Revenue Service and the Pennsylvania Department of Revenue have unified. Specifically, Pennsylvania Department of Revenue has shortened the time for extensions from six (6) months to five (5) month extensions for both fiduciary and partnership returns.

For calendar year 2009 fiduciary and partnership returns, the deadline for Pennsylvania and federal returns was April 15, 2010, with extended returns due on September 15, 2010.

Schneider Downs provides accounting, tax, wealth management and business advisory services through innovative thought leaders who deliver the expertise to meet the individual needs of each client. Our offices are located in Pittsburgh, PA, and Columbus, OH

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax-related matter.

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 contactSD@schneiderdowns.com.

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.

© 2018 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.

comments