Mar 13, 2010

Corporate Tax Return Deadline March 15

Don't forget, corporations have a different tax deadline than individuals. March 15 is the deadline by which most corporations must submit their corporate tax returns -- at least for corporations whose tax period is a calendar year. For corporations that use a fiscal year -- that is, a tax period other than the calendar year -- tax returns are due on the 15th day of the 3rd month after the end of the corporation's tax year. By this date, corporations must submit IRS Form 1120 or 1120A, or for S corporations, Form 1120S, or request an automatic 6-month extension of time to file (IRS Form 7004).

To learn the ins and outs of the tax code and create a comprehensive tax strategy for your small business, see Tax Savvy for Small Business, by Frederick Daily (Nolo).