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28 July 2017

Law firm clients: IRS regulations implement statutory changes to tax and information return due dates and extensions

The IRS recently released final, temporary (T.D. 9821) and proposed (REG-128483-15) regulations updating the due dates and extensions of time to file for various tax returns and information returns to reflect recent statutory changes. Affected forms include Form W-2 (series, except Form W-2G), Form W-3, Form 990 (series), Form 1099-MISC, Form 1041, Form 1041-A, Form 1065, Form 1120 (series), Form 4720, Form 5227, Form 6069, Form 8804 and Form 8870. While generally implementing the statutory due date and extension changes already in effect, these regulations serve as a helpful reminder of the significant changes made this year. Law firms should ensure their procedures are updated to make timely filings, both with the IRS and any state taxing authorities.

For a detailed discussion of the regulations, see Tax Alert 2017-1201.

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Contact Information
For additional information concerning this Alert, please contact:
 
Law Firm Industry Practice
• Shelby Saad-Callahan(617) 375-1237
• Santosh S. Hegde(212) 773-8021

Document ID: 2017-1238

 

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