| IRS shortens the filing extension period given to partnerships, estates, and trusts.
There will soon be shorter filing extensions given to partnerships, estates, and trusts. The extension period will be reduced to a five month period after this year.
For calendar entities, the extended due date for filing is going to be September 15, 2009. This way, partners, heirs, and trust beneficiaries who have requested filing extensions while waiting for K-1 forms will have the necessary information on timely basis enabling them to file their own returns.
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