California – through the Franchise Tax Board – and the IRS has announced that tax returns and tax payments that would otherwise be due on April 16 (the first Monday after April 15) will be timely if filed or paid by Tuesday, Apr. 17. This is because of newly enacted legislation in Sacramento, California and Washington, D.C. designates April 16 as a holiday. This is not a federal holiday, the California Franchise Tax Board and IRS will be open for business, but nevertheless is a holiday for the rule about timely filing and paying.
Federal tax authorities say that most IRS forms, instructions and publications have already gone to print with the incorrect Apr. 16 date and will not be revised. California’s Franchise Tax Board takes a similar position.
The broadened Apr. 17 deadline applies to the following:
Calendar-year 2006 federal individual income tax returns, whether filed electronically or on paper (Forms 1040, 1040A or 1040EZ).
Tax-year 2006 balance-due payments, whether made electronically (direct debit or credit card) or by check.
For calendar-year taxpayers, individual estimated tax payments for the first quarter of 2007, whether made electronically or by check. In rare cases, estimated tax payments for the second, third and fourth quarters may be affected for individuals operating on a fiscal year that is not a calendar year.
Individual refund claims for tax year 2003, where the regular three-year statute of limitations is expiring.
For calendar-year taxpayers, tax-year 2006 contributions to a Roth or traditional IRA.
Corporation income tax returns, including S corporations (Forms 1120, 1120-A and 1120S) for a fiscal year ending on Jan. 31, 2007, and any balance due.
For calendar-year corporations, the estimated tax payment for the first quarter of 2007. In some cases, estimated tax payments for the second, third and fourth quarters may be affected for corporations operating on a fiscal year that is not a calendar year.
Calendar-year estate and trust income tax returns (Form 1041) and any balance due.
Calendar-year 2006 partnership returns (Form 1065).
Extension requests for any return whether submitted electronically or on Form 4868.
The March tax deposit for employers (generally, small businesses) required to deposit withholding taxes on a monthly basis.