Sec. 52105. Return due date modifications

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Section 6072 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Returns of partnerships under section 6031 made on the basis of the calendar year shall be filed on or before the 15th day of March following the close of the calendar year, and such returns made on the basis of a fiscal year shall be filed on or before the 15th day of the third month following the close of the fiscal year. . Section 6072(a) of such Code is amended by striking 6017, or 6031 and inserting or 6017 . So much of subsection

(b)of section 6072 of the Internal Revenue Code of 1986 as precedes the second sentence thereof is amended to read as follows: Returns of S corporations under sections 6012 and 6037 made on the basis of the calendar year shall be filed on or before the 31st day of March following the close of the calendar year, and such returns made on the basis of a fiscal year shall be filed on or before the last day of the third month following the close of the fiscal year. . Section 1362(b) of such Code is amended— by striking 15th each place it appears and inserting last , by striking 2 each place it appears in the headings and the text and inserting 1/2 3 , and by striking 2 months and 15 days in paragraph

(4)and inserting 3 months . Section 1362(d)(1)(C)(i) of such Code is amended by striking 15th and inserting last . Section 1362(d)(1)(C)(ii) of such Code is amended by striking such 15th day and inserting the last day of the 3d month thereof . Section 170(a)(2)(B) of such Code is amended by striking third month and inserting 4th month . Section 563 of such Code is amended by striking third month each place it appears and inserting 4th month . Section 1354(d)(1)(B)(i) of such Code is amended by striking 3d month and inserting 4th month . Subsection

(a)and

(c)of section 6167 of such Code are each amended by striking third month and inserting 4th month . Section 6425(a)(1) of such Code is amended by striking third month and inserting 4th month . Section 6655 of such Code is amended— by striking 3rd month each place it appears in subsections (b)(2)(A), (g)(3), and (h)(1) and inserting 4th month , and in subsection (g)(4), by redesignating subparagraph

(E)as subparagraph

(F)and by inserting after subparagraph

(D)the following new subparagraph: Subsection (b)(2)(A) shall be applied by substituting the last day of the 3rd month for the 15th day of the 4th month . . Except as otherwise provided in this paragraph, the amendments made by this subsection shall apply to returns for taxable years beginning after December 31, 2015. The amendments made by paragraph (2)(B) shall apply with respect to elections for taxable years beginning after December 31, 2015. The amendments made by paragraph

(3)shall apply to taxable years beginning after December 31, 2015. In the case of a taxable year of a C Corporation ending on June 30, 2025, section 6072(a) of the Internal Revenue Code of 1986 shall be applied by substituting third month for fourth month . In the case of returns for any taxable period beginning after December 31, 2015, the Secretary of the Treasury or the Secretary's delegate shall modify appropriate regulations to provide as follows: The maximum extension for the returns of partnerships filing Form 1065 shall be a 6-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for the returns of trusts and estates filing Form 1041 shall be a 5½-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for the returns of employee benefit plans filing Form 5500 shall be an automatic 3½-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for the Forms 990 (series) returns of organizations exempt from income tax shall be an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for the returns of organizations exempt from income tax that are required to file Form 4720 returns of excise taxes shall be an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for the returns of trusts required to file Form 5227 shall be an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for filing Form 6069, Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction, shall be an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). The maximum extension for a taxpayer required to file Form 8870 shall be an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). The due date of Form 3520–A, Annual Information Return of a Foreign Trust with a United States Owner, shall be the 15th day of the 3rd month after the close of the trust's taxable year, and the maximum extension shall be a 6-month period beginning on such day. The due date of FinCEN Form 114 (relating to Report of Foreign Bank and Financial Accounts) shall be April 15 with a maximum extension for a 6-month period ending on October 15, and with provision for an extension under rules similar to the rules of 26 C.F.R. 1.6081–5. For any taxpayer required to file such form for the first time, the Secretary of the Treasury may waive any penalty for failure to timely request or file an extension. Taxpayers filing Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, shall be allowed to extend the time for filing such form separately from the income tax return of the taxpayer, for an automatic 6-month period beginning on the due date for filing the return (without regard to any extensions). Section 6081(b) of the Internal Revenue Code of 1986 is amended by striking 3 months and inserting 6 months . The amendments made by this subsection shall apply to returns for taxable years beginning after December 31, 2015. In the case of any taxable year of a C corporation ending on December 31, 2024, subsections

(a)and

(b)of section 6081 of the Internal Revenue Code of 1986 shall each be applied to returns of income taxes under subtitle A by substituting 5 months for 6 months .

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26 CFR 1.6081–5

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Sec. 52105

Return due date modifications

Cite26 CFR 1.6081–5

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