[Anonymous]

Does this mean that accruals paid out by april 15th are now deductible (as opposed to March 15th). Also does this mean the new date where statute of limitations on for taxes starts is now APRIL 15th?

[monikernc]

this article provides new due dates

https://blog.aicpa.org/2016/05/states-moving-to-conform-tax-due-dates-with-federal-law.html

AUD - 93
BEC - 82
FAR - 76
REG - 88

How have you been?
Ninja book and MCQs and the forum, all first try! 2016
Licensed State of Montana April Fool’s Day 2020
State of Colorado June 2020 - AICPA Ethics 93
Experience was the worst part of the journey for me. You?
If you want things to change you have to do something different.

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[Anonymous]

Okay. So does that mean C-Corps have until April 15th to pay out accruals to be deductible in that tax year.

[Paul]

Don't quote me but I think you are right if we are talking Calendar year.

BEC 10/29/16
FAR 11/26/16
REG TBA
AUD TBA

[Author]

Replies