Legislation has been enacted that adopts federal filing deadlines for Delaware corporation income tax, partnership, and W-2 and 1099 series information returns.
The due date for C corporation returns is changed from April 1 to April 15 or the 15th day of the fourth month after the close of the taxpayer’s fiscal year. Returns for pass-through entities, including S corporations, partnerships, and limited liability companies classified as partnerships for income tax purposes, are due by March 15 or the 15th day of the third month after the close of the taxpayer’s fiscal year. S corporation and partnership returns were previously due on April 1 and April 30 respectively.
The due date for the first installment of tentative or estimated tax liability for corporations, including S corporation payments for nonresident shareholders, is changed from April 1 to April 15 or the fifteenth day of the fourth month after the close of the taxpayer’s fiscal year.
The filing deadline for W-2 and 1099 series information returns is changed from March 1 to January 31. The changes for corporation and pass-through entity returns are effective for tax years beginning after 2016. The change for W-2 and 1099 series information returns is effective for returns filed after December 31, 2017.
If you have any questions or if you would like more information, contact Fred Schutz at (856) 722-5300 ext. 201 or Dave Gill at ext. 210.