Menu

Search

Knowledge Base


12354: 1065 - E-Filing Deadlines


Deadlines + Extensions

What are the e-filing deadlines for partnership returns and/or 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 15th. A fiscal year 8/1 to 7/31 return would be due October 15th.
  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 15th, and receive an IRS reject, you will have through March 25th 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 extensions 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 15th, and receive an IRS reject, you will have through March 20th 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 Related Links below for more information. 

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


Related Links


Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 20K times.
Last Modified: 3 Years Ago
Article not rated yet.
Options