Partnership Extension?

Individuals can still file extensions prior to July 15th. Can a calendar year partnerships still file a Form 7004 extension? I'm guessing not since my tax software is giving me an error code and I can't find anything on a quick google search saying you can. I filed all our current business client extensions prior to March 15th. But I just had a new client tell me they formed a partnership in 2019 and never filed an extension.

They're late.

Only forms due after April 1, 2020 were provided an extension to July 15th.

Not true. See IRS Notice 2020-23. Even though calendar year and S corporations were due 3/15/20, they are specifically listed in the Notice as having an extension until 7/15/20.

They're late.

Only forms due after April 1, 2020 were provided an extension to July 15th.

I stand corrected.
I didn't read too much into it since I had extended all my 1120S/1065 by that time. I just saw the April 1 - July 15 dates.

I guess you haven't seen the posts where S Corps and Partnerships are receiving penalty notices for failure to file then. A VERY close reading of the notice shows this:

A. Taxpayers Affected by COVID-19 Emergency
The Secretary of the Treasury has determined that any person (as defined in section 7701(a)(1) of the Code) with a Federal tax payment obligation specified in this section III.A (Specified Payment), or a Federal tax return or other form filing obligation specified in this section III.A (Specified Form), which is due to be performed (originally or pursuant to a valid extension) on or after April 1, 2020, and before July 15, 2020, is affected by the COVID-19 emergency for purposes of the relief described in this section III (Affected Taxpayer).

Note that in order to be an Affected Taxpayer the dates After April 1, 2020 and before July 15

Then there is this from the IRS website which has been updated for Notice 2020-23

Q. Are the filing deadlines for partnerships and S-corporations whose returns were due to be filed on March 16, 2020, postponed?



A. Notice 2020-23 does not postpone any return filings that were due on March 16, 2020. If a fiscal year partnership or S-corporation has a return due to be filed on or after April 1, 2020, and before July 15, 2020, that filing requirement has been postponed to July 15, 2020. For information about additional relief that may be available to partnerships in connection with the CARES Act legislation, please see Rev. Proc. 2020-23 (PDF).

Here is the link:
https://www.irs.gov/newsroom/filing-and ... nd-answers

The confusion comes from the wording in Notice 2020-23. Section III gives a list - "The payment obligations and filing obligations specified in this section III.A (Specified Filing and Payment Obligations) are as follows:"
One item in the list is "Calendar year or fiscal year partnership return filings on Form 1065, U.S. Return of Partnership Income, and Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return"
Another is "Calendar year or fiscal year corporate income tax payments and return filings on Form .....1120-S, U.S. Income Tax Return for an S Corporation"