Calendar-year C and S corporations must file their 2015 federal income tax returns by today or apply for an automatic six-month filing extension using IRS Form 7004. Today is also the deadline for C corporations that want to have S corporation status for 2016 to make their election if they were in business in 2015. Be sure to check whether a separate state election for S status is required.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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Listen Before You Ask, Business & Personal