Would the REAL tax deadline please stand up?
Forms 1065 and 1120-S are due on March 15; Forms 1040, 1041, and 1120 are due on April 18 (sort of – but see below); and Forms in the 990 series (for calendar year filers) are due May 16.
The April deadline generally is April 15, but this year the 15th is a holiday in the District of Columbia (Emancipation Day). The 16th and 17th are weekend days, creating a deadline for filers in most parts of the U.S. of Monday, April 18. However, due to Patriots’ Day (the founding fathers, not the football team), taxpayers in Maine and Massachusetts have until April 19.
BNN’s own policy is to view the April deadline as April 15th. We are happy to serve our clients, but tax season’s hours are long, grueling, and relentless (far more than non-practitioners would understand) and the loss of another weekend is dreaded. Additionally, many school vacations are scheduled for the week beginning April 17th, creating added duties for our colleagues with young children. The material our 1040 clients received with our Organizers requested that all information be submitted no later than March 15, for those who wish to avoid filing extensions. (If material is ready earlier, please send it!) In some cases, extensions will be required due to Schedules K-1 that you are awaiting from third parties, but even in those cases it remains important for you to provide all the material that you can early. Your returns go through multiple stages of preparation and review to ensure accuracy, and we want to get things into your hands in time to avoid inconveniencing you with a last-minute scramble, and appreciate your help in bringing the winter/spring 2022 tax season to a close by April 15.