June 16, 2017
With the signing of H.B. 46 by our new Governor Ivey, due dates for Alabama's business privilege tax returns were updated to match the federal due dates of returns that were changed last year. The main returns affected were c-corporations and partnerships, though entities that may have had to file privilege tax returns for for 1041s, 990s, and other types are also impacted.
As you recall, last year c-corporation 1120 tax returns had their tax filing deadline moved back from March 15 to April 15, while partnership 1065 tax returns were bumped up from April 15 to March 15.
Oddly, since Alabama's deadlines for business privilege tax returns weren't updated accordingly, there was a one-year disconnect between the due dates for privilege tax returns and their corresponding income tax returns. With this revision, that discrepancy has been fixed.
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Unfortunately, cyber scammers never take a vacation. In fact, the IRS has issued a warning of a surge in fraudulent emails that bait potential phishing victims with fake tax transcripts. Links within these emails lead recipients to documents containing the well-known malware, Emotet.
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