What are the e-filing deadlines for s-corporate returns and/or extensions?
S-corporate returns (1120-S):
- Deadlines – Compliance with s-corporate e-filing deadline is based on the time the return is e-filed, not on service center receipt times. The deadline is midnight local time on the date the return is due.
- Returns are due the 15th day of the 3rd month following the close of the entity’s year.
- A calendar year s-corporate return is due on March 15.
- A fiscal year return is due the 15th day of the 3rd month following the close of the year. For example a Fiscal Year 8/1 to 7/31 return would be due October 15.
- A six-month extension is available (7004).
- Drake forwards s-corp returns to the IRS as they are received.
- Perfecting a rejected s-corporate return – You have 10 days to perfect a rejected s-corporate return. If you transmit an 1120-S 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 an s-corporate return filed to meet an extension due date.
Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.
S-corporate extensions (7004):
- Deadlines – Compliance with an s-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 local time on the date the extension is due.
- The extension:
- is for six months, and
- must be filed by the regular due date of the return.
- Drake forwards s-corp return extensions to the IRS as they are received.
- Perfecting a rejected s-corporate extension – You have 5 days to perfect a rejected s-corporate 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.
Note: DRKPARSE and Drake B-ack errors do not qualify for the perfection period.
- An extension of time to file does not extend the time to pay taxes due.
- See Related Links below for details.
We strongly suggest that you e-file several hours before the deadline to ensure a timely filing.