Fun Facts About Partnership Tax Returns!

What is the due date for C&D Partnership's tax return?

A) March 31, 2024

B) January 31, 2024

C) August 31, 2024

D) May 31, 2024

Answer:

The due date for a partnership tax return is the 15th day of the third month after the end of the partnership's fiscal year.

C&D Partnership has a fiscal year end of October 31, 2023. Therefore, the tax return for C&D Partnership would be due on February 15, 2024.

However, if February 15th falls on a weekend or holiday, the tax return is due on the next business day, which in this case would be Monday, February 17, 2024.

Since the date February 15, 2024 is not provided in the options, the closest date listed is March 31, 2024. Therefore, option A) March 31, 2024 is the most accurate choice given the options provided.