Tax Return Due Date Simplification and Modernization Act of 2013

Summary: Tax Return Due Date Simplification and Modernization Act of 2013 - Amends the Internal Revenue Code to change tax return due dates for partnerships (from April 15 to March 15, with a six-month extension), S corporations (from March 15 to March 31), and C corporations (from March 15 to April 15). Requires the Secretary of the Treasury, for taxable years beginning after December 31, 2013, to modify by regulation the due dates for extensions of tax returns for partnerships, trusts and estates, employee benefit plans, tax-exempt organizations, and certain trust funds. Sets a due date of April 15 for the annual information return of a foreign trust with a U.S. owner and for the report of foreign bank and financial accounts (with extensions until October 15). Extends the automatic extension for corporation income tax returns from three to six months. 

SECTION 1. SHORT TITLE; REFERENCE.

    (a) Short Title.--This Act may be cited as the ``Tax Return Due 
Date Simplification and Modernization Act of 2013''.
    (b) Reference.--Except as otherwise expressly provided, whenever in 
this Act an amendment or repeal is expressed in terms of an amendment 
to, or repeal of, a section or other provision, the reference shall be 
considered to be made to a section or other provision of the Internal 
Revenue Code of 1986.

SEC. 2. NEW DUE DATE FOR PARTNERSHIP FORM 1065, S CORPORATION FORM 
              1120S, AND C CORPORATION FORM 1120.

    (a) Partnerships.--
            (1) In general.--Section 6072 is amended by adding at the 
        end the following new subsection:
    ``(f) Returns of Partnerships.--Returns of partnerships under 
section 6031 made on the basis of the calendar year shall be filed on 
or before the 15th day of March following the close of the calendar 
year, and such returns made on the basis of a fiscal year shall be 
filed on or before the 15th day of the third month following the close 
of the fiscal year.''.
            (2) Conforming amendment.--Section 6072(a) is amended by 
        striking ``6017, or 6031'' and inserting ``or 6017''.
    (b) S Corporations.--
            (1) In general.--So much of subsection (b) of section 6072 
        as precedes the second sentence thereof is amended to read as 
        follows:
    ``(b) Returns of Certain Corporations.--Returns of S corporations 
under sections 6012 and 6037 made on the basis of the calendar year 
shall be filed on or before the 31st day of March following the close 
of the calendar year, 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 year.''.
            (2) Conforming amendments.--
                    (A) Section 1362(b) is amended--
                            (i) by striking ``15th'' each place it 
                        appears and inserting ``last'',
                            (ii) by striking ``2\1/2\'' each place it 
                        appears and inserting ``3'', and
                            (iii) by striking ``2 months and 15 days'' 
                        in paragraph (4) and inserting ``3 months''.
                    (B) Section 1362(d)(1)(C)(i) is amended by striking 
                ``15th'' and inserting ``last''.
                    (C) Section 1362(d)(1)(C)(ii) is amended by 
                striking ``such 15th day'' and inserting ``the last day 
                of the 3d month thereof''.
    (c) Conforming Amendments Relating to C Corporations.--
            (1) Section 170(a)(2)(B) is amended by striking ``third 
        month'' and inserting ``4th month''.
            (2) Section 563 is amended by striking ``third month'' each 
        place it appears and inserting ``4th month''.
            (3) Section 1354(d)(1)(B)(i) is amended by striking ``3d 
        month'' and inserting ``4th month''.
            (4) Subsection (a) and (c) of section 6167 are each amended 
        by striking ``third month'' and inserting ``4th month''.
            (5) Section 6425(a)(1) is amended by striking ``third 
        month'' and inserting ``4th month''.
            (6) Subsections (b)(2)(A), (g)(3), and (h)(1) of section 
        6655 are each amended by striking ``3rd month'' and inserting 
        ``4th month''.
    (d) Effective Date.--The amendments made by this section shall 
apply to returns for taxable years beginning after December 31, 2013.

SEC. 3. MODIFICATION OF DUE DATES BY REGULATION.

    In the case of returns for taxable years beginning after December 
31, 2013, the Secretary of the Treasury or the Secretary's delegate 
shall modify appropriate regulations to provide as follows:
            (1) The maximum extension for the returns of partnerships 
        filing Form 1065 shall be a 6-month period ending after the 
        date prescribed for filing the return.
            (2) The maximum extension for the returns of trusts and 
        estates filing Form 1041 shall be a 5\1/2\-month period ending 
        after the date prescribed for filing the return.
            (3) The maximum extension for the returns of employee 
        benefit plans filing Form 5500 shall be an automatic 3\1/2\-
        month period ending after the date prescribed for filing the 
        return.
            (4) The maximum extension for the Forms 990 (series) 
        returns of organizations exempt from income tax filing shall be 
        an automatic 6-month period ending after the date prescribed 
        for filing the return.
            (5) The maximum extension for the returns of organizations 
        exempt from income tax filing that are required to file Form 
        4720 returns of excise taxes shall be an automatic 6-month 
        period ending after the date prescribed for filing the return.
            (6) The maximum extension for the returns of trusts 
        required to file Form 5227 shall be an automatic 6-month period 
        ending after the date prescribed for filing the return.
            (7) The maximum extension for the returns of Black Lung 
        Benefit Trusts required to file Form 6069 for excise taxes 
        shall be an automatic 6- month period ending after the date 
        prescribed for filing the return.
            (8) The maximum extension for a taxpayer required to file 
        Form 8870 shall be an automatic 6-month period ending after the 
        date prescribed for filing the return.
            (9) The due date of Form 3520-A, Annual Information Return 
        of a Foreign Trust with a U.S. Owner, shall be the 15th day of 
        the fourth month after the close of the trust's tax year with a 
        maximum extension of a 6-month period ending after the date 
        prescribed for filing the return.
            (10) The due date of Form TD F 90-22.1 (relating to Report 
        of Foreign Bank and Financial Accounts) shall be April 15 with 
        a maximum extension for a 6-month period ending on October 15 
        and with provision for an extension under rules similar to the 
        rules in Treas. Reg. section 1.6081-5. For any taxpayer 
        required to file such Form for the first time, any penalty for 
        failure to timely request for, or file, an extension, may be 
        waived by the Secretary.
            (11) Taxpayers filing Form 3520, Annual Return to Report 
        Transactions with Foreign Trusts and Receipt of Certain Foreign 
        Gifts, shall be allowed to extend Form 3520 separately from the 
        income tax return of the owner for an automatic 6-month period 
        ending after the date prescribed for filing the owner's return.

SEC. 4. CORPORATIONS PERMITTED STATUTORY AUTOMATIC 6-MONTH EXTENSION OF 
              INCOME TAX RETURNS.

    (a) In General.--Section 6081(b) is amended by striking ``3 
months'' and inserting ``6 months''.
    (b) Effective Date.--The amendment made by this section shall apply 
to returns for taxable years beginning after December 31, 2013.