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14345: 1120S - E-Filing Deadlines


Deadlines + Extensions

What are the e-filing deadlines for s-corporate returns and/or extensions?

 

S-corporate returns (1120-S):

  1. 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.
    1. Returns are due the 15th day of the 3rd month following the close of the entity’s year.
    2. A calendar year s-corporate return is due on March 15.
    3. 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.
    4. A six-month extension is available (7004).
  2. Drake forwards s-corp returns to the IRS as they are received.
  3. 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):

  1. 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.
  2. The extension:
    1. is for six months, and
    2. must be filed by the regular due date of the return.
  3. Drake forwards s-corp return extensions to the IRS as they are received.
  4. 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.

  1. An extension of time to file does not extend the time to pay taxes due.
  2. See Related Links below for details. 

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


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