(a) General rule.— Every corporation of individuals shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of shareholders who shall have a share in the gain or loss of the corporation of individuals for such taxable year, and the amounts of such gains or losses. Returns filed under this section on a calendar year basis shall be filed not later than March fifteenth (15th) following the close of such calendar year. Returns filed on a fiscal year basis shall be filed not later than the fifteenth (15th) day of the third (3rd) month following the close of the taxable year of the corporation of individuals. Any amount due on account of estimated payment, as provided in § 30275 of this title, shall be paid in full when filing the return required by this section. The return shall be signed under penalty of perjury by the president, vice-president, treasurer or assistant treasurer or other chief financial officer. Notwithstanding the above, in those cases in which returns are filed through electronic means, the digital signature of the above mentioned officers shall be

easurer or other chief financial officer. Notwithstanding the above, in those cases in which returns are filed through electronic means, the digital signature of the above mentioned officers shall be accepted as evidence of authentication that the returns are filed under penalty of perjury. Such returns must enclose financial statements, subject to the provisions of § 30255 of this title. The Secretary may prescribe, by regulations, any other information that shall be included in said return.(b) Report to shareholders.— Each corporation of individuals required to file a return under subsection (a) for any taxable year shall, not later than the last day of the third (3rd) month following the close of its taxable year, furnish to each person who is a shareholder of said corporation of individuals a report containing such information as required to be included in the shareholder return, including the amount of the distributive share of the shareholder in each of the items prescribed in § 30584 of this title, and any other additional information required by regulations.(c) Automatic extension.— An automatic extension shall be granted to file a return required under subsection (a),

n § 30584 of this title, and any other additional information required by regulations.(c) Automatic extension.— An automatic extension shall be granted to file a return required under subsection (a), provided that such rules and regulations that the Secretary prescribes to grant such extension are complied with. This automatic extension shall be granted for a three (3) month period counted as of the due date set in subsection (a) for filing the return, provided that the corporation of individuals requests such extension not later than on such return filing date.(d) Extension.— The Secretary may, under such rules and regulations as he/she prescribes, grant a corporation of individuals an automatic extension to file the information required under subsection (b) for a period which shall not exceed thirty (30) days counted as of the due date set in such subsection (b) to submit the report to shareholders. The Secretary may prescribe through regulations any such other information that shall be included in such return. History —Jan. 31, 2011, No. 1, § 1061.07, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 58.