Reference: Surface Transportation and Veterans Health Care… Act of 2015.

This new law was signed by the President on July 31, 2015 and will change filing and extension deadlines for calendar year returns FILED IN 2017 (for the calendar year 2016), as follows:

Partnerships: Filing deadline will move to March 15 with possible extension to Sept 15.

S corporations: Same as partnerships.

C corporations: Filing deadline will move to April 15 with possible extension to Sept 15.

FinCEN reports of foreign accounts: Filing deadline will move to April 15 with possible extension to Oct 15. This extension must be filed-for on or before April 15.

Mortgage Forms 1098: GOOD NEWS! The government will require that banks and financial institutions show the address of the property securing the mortgage on the Form 1098. The new forms will also show the principal balance outstanding on the mortgage. (These new rules apply to Forms 1098 issued in 2017).