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12354: 1065 - E-Filing Deadlines for Partnership Returns and Extensions


Deadlines + Extensions

E-Filing Deadlines for Partnership Returns and Extensions

 

Partnership returns (1065):

  1. Deadlines – Compliance with a partnership e-filing deadline is based on the time the return is e-filed, not on service center receipt times.
  2. Returns are due the 15th day of the 3rd month following the close of the entity’s year. A calendar year partnership return is due on March 15. A fiscal year 8/1 to 7/31 return would be due October 15.
  3. A six-month extension is available (7004).
  4. Drake forwards partnership returns to the IRS as they are received.
  5. Perfecting a rejected partnership return – You have 10 days to perfect a rejected partnership return. If you transmit a 1065 on March 15, and receive an IRS reject, you will have through March 25 to re-transmit and still be considered "timely filed" if the re-transmission is accepted. The same 10-day window applies to a partnership return filed to meet an extension due date.

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

Partnership extensions (7004):

  1. Deadlines – Compliance with a partnership extension e-filing deadline is based on the time the extension is e-filed, not on service center receipt times.
  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.
  4. Perfecting a rejected partnership extension – You have 5 days to perfect a rejected partnership extension. If you transmit a 7004 on March 15, and receive an IRS reject, you will have through March 20 to re-transmit and still be considered "timely filed" if the re-transmission is accepted.
  5. An extension of time to file does not extend the time to pay taxes due. 

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

  1. See "How to E-file a Partnership Extension" for details (see Related Links below).

2018 filing season - for 2017 calendar year partnership returns, the filing deadline is March 15, 2018, a Thursday (Pub. 509). The perfection period does not extend beyond March 25 for a return or beyond March 20 for an extension. 

Calendar year partnership returns filed on a timely requested extension will be due on September 15th (September 17, 2018 due to the 15th falling on a weekend). 

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


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