The Highway Act changed the filing due dates of business income tax returns beginning for tax years after 12/31/15. Along with these changes the extension periods for other types of returns have also been updated. The following chart highlights these important revisions.
read more…
The Highway Act is making changes to our familiar due dates for business income tax returns. To recap current due dates, form 1120 (U.S. Corporation Income Tax Return) is initially due two and a half months after the close of the corporation’s tax year and can be extended for a six month period.
Calendar year corporations are, therefore, initially due on March 15th following the end of the calendar year and can be extended through September 15th. Form 1065 (U.S. Return of Partnership Income) is initially due three and a half months after the close of the calendar year with an option for a five month extension. Calendar year partnerships are initially due April 15th with an extension making the due date October 15th.
Read more by Barb Theofilos: When Are Severance Payments Made to FICA?
If you are an Ohio employer, there is an important payroll update you need to act on before your next pay cycle. The Ohio Department of Taxation has issued new withholding tables that apply to all payrolls with a period ending on or after Aug. 1, 2026. These updated...
Zinner & Co. is proud to announce that this year marks the firm’s 15-year Anniversary as a TIAG® member.TIAG®, a division of TAG Alliances®, is an international alliance of independent accounting firms. With more than 110 firms in over 70 countries, TIAG and TAG...
School may just be getting out for most kids, but it is never too early to think about saving money on back-to-school items. The Ohio Department of Taxation recently announced the Ohio sales tax holiday is back, and with back-to-school season just around the corner,...
On Jan. 1, the One Big Beautiful Bill Act (OBBBA) significantly tightened the rules on the tax deductibility of employer-provided meals. If your business has historically relied on deductions for meals and food-related benefits, these changes require immediate...
U.S. Customs and Border Protection (CBP) has launched the Consolidated Administration and Processing of Entries (CAPE) tool to help importers and customs brokers claim tariff refunds following a landmark Supreme Court ruling. If your business paid IEEPA tariffs in...
Send us your questions and we’ll share our insights with you on our blog!