What are the e-filing deadlines for partnership returns and/or extensions?
Partnership returns (1065):
- Deadlines – Compliance with a partnership e-filing deadline is based on the time the return is e-filed, not on service center receipt times.
- 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.
- A six-month extension is available (7004).
- Drake forwards partnership returns to the IRS as they are received.
- 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):
- 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.
- The extension:
- is for six months, and
- must be filed by the regular due date of the return.
- Drake forwards extensions to the IRS as they are received.
- 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.
- 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.
- See Related Links below for more information.
We strongly suggest that you e-file several hours before the deadline to ensure a timely filing.