,,ii  #aacth ,,congress  #ast ,session  
,s4 #dbj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bh1 #bjac
 ,mr4 ,enzi 7for himself and ,mr4       
,tester7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to provide for the logical flow of
 return information between             
partnerships1 corporations1 trusts1     
estates1 and individuals to better      
enable each party to submit timely1     
accurate returns and reduce the need for
 extended and amended returns1 to       
provide for modified due dates by       
regulation1 and to conform the automatic
 corporate extension period to          
longstanding regulatory rule4  #a4      
,short title2 reference  7a7 ,short     
title ,this ,act may be cited as the    
,tax ,return ,due ,date ,simplification 
and ,modernization ,act of #bjac4  7b7  
,reference ,except as otherwise         
expressly provided1 whenever in this    

,act an amendment or repeal is expressed
 in terms of an amendment to1 or repeal 
of1 a section or other provision1 the   
reference shall be considered to be made
 to a section or other provision of the 
,internal ,revenue ,code of #aihf4  #b4 
,new due date for partnership form      
#ajfe1 ,s corporation form #aabj,s1 and 
,c corporation form #aabj  7a7          
,partnerships  7#a7 ,in general ,section
 #fjgb is amended by adding at the end  
the following new subsection3  7f7      
,returns of partnerships ,returns of    
partnerships under section #fjca made on
 the basis of the calendar year shall be
 filed on or before the #aeth day of    
,march following the close of the       
calendar year1 and such returns made on 
the basis of a fiscal year shall be     
filed on or before the #aeth day of the 
third month following the close of the  
fiscal year4  4  7#b7 ,conforming       
amendment ,section #fjgb7;a7 is amended 
by striking #fjag1 or #fjca and         
inserting or #fjag4  7b7 ,s corporations

  7#a7 ,in general ,so much of          
subsection 7b7 of #fjgb as precedes the 
second sentence thereof is amended to   
read as follows3  7b7 ,returns of       
certain corporations ,returns of ,s     
corporations under sections #fjab and   
#fjcg made on the basis of the calendar 
year shall be filed on or before the    
#cast day of ,march following the close 
of the calendar year1 and such returns  
made on the basis of a fiscal year shall
 be filed on or before the last day of  
the third month following the close of  
the fiscal year4  4  7#b7 ,conforming   
amendments  7,a7 ,section #acfb7;b7 is  
amended--  7i7 by striking #aeth each   
place it appears and inserting last1    
7ii7 by striking #ba_/b each place it   
appears and inserting #c1 and  7iii7 by 
striking #b months and #ae days in      
paragraph 7#d7 and inserting #c months4 
7,b7 ,section #acfb7;d77#a77;,c77i7 is  
amended by striking #aeth and inserting 
last4  7,c7 ,section                    
#acfb7;d77#a77;,c77ii7 is amended by    

striking such #aeth day and inserting   
the last day of the #c;d month thereof4 
7c7 ,conforming amendments relating to  
,c corporations  7#a7 ,section          
#agj7;a77#b77;,b7 is amended by striking
 third month and inserting #dth month4  
7#b7 ,section #efc is amended by        
striking third month each place it      
appears and inserting #dth month4  7#c7 
,section #aced7;d77#a77;,b77i7 is       
amended by striking #c;d month and      
inserting #dth month4  7#d7 ,subsection 
7a7 and 7c7 of section #fafg are each   
amended by striking third month and     
inserting #dth month4  7#e7 ,section    
#fdbe7;a77#a7 is amended by striking    
third month and inserting #dth month4   
7#f7 ,subsections 7b77#b77;,a71 7g77#c71
 and 7h77#a7 of section #ffee are each  
amended by striking #crd month and      
inserting #dth month4  7d7 ,effective   
date ,the amendments made by this       
section shall apply to returns for      
taxable years beginning after ,december 
#ca1 #bjac4  #c4 ,modification of due   

dates by regulation ,in the case of     
returns for taxable years beginning     
after ,december #ca1 #bjac1 the         
,secretary of the ,treasury or the      
,secretary's delegate shall modify      
appropriate regulations to provide as   
follows3  7#a7 ,the maximum extension   
for the returns of partnerships filing  
,form #ajfe shall be a #f-month period  
beginning on the due date for filing the
 return 7without regard to any          
extensions74  7#b7 ,the maximum         
extension for the returns of trusts and 
estates filing ,form #ajda shall be a   
#e-month period beginning on the due    
date for filing the return 7without     
regard to any extensions74  7#c7 ,the   
maximum extension for the returns of    
employee benefit plans filing ,form     
#eejj shall be an automatic #c-month    
period beginning on the due date for    
filing the return 7without regard to any
 extensions74  7#d7 ,the maximum        
extension for the ,forms #iij 7series7  
returns of organizations exempt from    

income tax shall be an automatic        
#f-month period beginning on the due    
date for filing the return 7without     
regard to any extensions74  7#e7 ,the   
maximum extension for the returns of    
organizations exempt from income tax    
that are required to file ,form #dgbj   
returns of excise taxes shall be an     
automatic #f-month period beginning on  
the due date for filing the return      
7without regard to any extensions74     
7#f7 ,the maximum extension for the     
returns of trusts required to file ,form
 #ebbg shall be an automatic #f-month   
period beginning on the due date for    
filing the return 7without regard to any
 extensions74  7#g7 ,the maximum        
extension for the returns of ,black     
,lung ,benefit ,trusts required to file 
,form #fjfi returns of excise taxes     
shall be an automatic #f-month period   
beginning on the due date for filing the
 return 7without regard to any          
extensions74  7#h7 ,the maximum         
extension for a taxpayer required to    

file ,form #hhgj shall be an automatic  
#f-month period beginning on the due    
date for filing the return 7without     
regard to any extensions74  7#i7 ,the   
due date of ,form #cebj-;,a1 ,annual    
,information ,return of a ,foreign      
,trust with a ,united ,states ,owner1   
shall be the #aeth day of the #dth month
 after the close of the trust's taxable 
year1 and the maximum extension shall be
 a #f-month period beginning on such    
day4  7#aj7 ,the due date of ,form ,,td 
,f #ij-bb4a 7relating to ,report of     
,foreign ,bank and ,financial ,accounts7
 shall be ,april #ae with a maximum     
extension for a #f-month period ending  
on ,october #ae1 and with provision for 
an extension under rules similar to the 
rules of #bf ,c4,f4,r4 #a4fjha-e4 ,for  
any taxpayer required to file such form 
for the first time1 the ,secretary of   
the ,treasury may waive any penalty for 
failure to timely request or file an    
extension4  7#aa7 ,taxpayers filing     
,form #cebj1 ,annual ,return to ,report 

,transactions with ,foreign ,trusts and 
,receipt of ,certain ,foreign ,gifts1   
shall be allowed to extend the time for 
filing such form separately from the    
income tax return of the taxpayer1 for  
an automatic #f-month period beginning  
on the due date for filing the return   
7without regard to any extensions74  #d4
 ,corporations permitted statutory      
automatic #f-month extension of income  
tax returns  7a7 ,in general ,section   
#fjha7;b7 is amended by striking #c     
months and inserting #f months4  7b7    
,effective date ,the amendment made by  
this section shall apply to returns for 
taxable years beginning after ,december 
#ca1 #bjac4