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12117: 1120 - E-Filing Deadlines for Corporate Returns and Extensions


Deadlines + Extensions

E-Filing Deadlines for Corporate Returns and Extensions

 

Corporate returns (1120):

  1. Deadlines – Compliance with a corporate e-filing deadline is based on the time the return is e-filed, not on service center receipt times. The deadline is midnight on the date the return is due.
    1. Forms 1120, 1120-C, 1120-H are considered corporate returns. 
    2. Returns are due the 15th day of the 4th month following the close of the entity’s year.
    3. A calendar year corporate return is due on April 15 (unless this falls on a weekend or holiday). 
    4. A fiscal year return is due the 15th day of the 4th month following the close of the year. For example a FY 8/1 to 7/31 return would be due November 15.
    5. A six-month extension is available (7004).
  2. 1120-C and 1120-H returns cannot be e-filed, although their extensions can.
  3. Drake forwards corporate returns to the IRS as they are received.
  4. Perfecting a rejected corporate return – You have 10 days to perfect a rejected corporate return. If you transmit an 1120 on April 15, and receive an IRS reject, you will have through April 25 to re-transmit and still be considered "timely filed" if the re-transmission is accepted. The same 10-day window applies to a corporate return filed to meet an extension due date.

Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.

Corporate extensions (7004):

  1. Deadlines – Compliance with a corporate extension e-filing deadline is based on the time the extension is e-filed, not on service center receipt times. The deadline is midnight on the date the extension is due.
  2. The extension
    1. is for six months, and
    2. must be filed by the regular due date of the return.
  3. Drake forwards corporate returns to the IRS as they are received, and a response is received usually within 15 minutes.
  4. Perfecting a rejected corporate extension – You have 5 days to perfect a rejected corporate extension.  If you transmit a 7004 on April 15, and receive an IRS reject, you will have through April 20 to re-transmit and still be considered "timely filed" if the re-transmission is accepted.

Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.

  1. An extension of time to file does not extend the time to pay taxes due.
  2. See "How to E-File a Corporate 1120/1120S Extension" for details (see Related Links below).

2018 filing season - for 2017 calendar year corporate returns, the filing deadline is April 17, 2018, a Tuesday. The perfection period does not extend beyond April 27 for a return or beyond April 22 for an extension.

We strongly suggest that you e-file several hours before the deadline to ensure a timely filing.


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