The deadline for calendar year corporations (both C-corporations and S-corporations) to file their 2014 tax returns is Monday, March 16th. If you’re not ready to file, simply file an extension. This can be done electronically, or download Form 7004 and mail it–using certified mail, return receipt requested, of course–with a postmark no later than Monday.
The penalty for late filing an S-Corp return is $195 per month per shareholder. That’s a hefty price for not filing an extension.
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