Final Reminder: Major Tax Deadline Is Near

Final Reminder: Major Tax Deadline Is Near

by | Mar 4, 2017 | Tax

If your business is structured as a partnership or an S corporation, don’t forget the important deadlines coming up soon. On March 15:

  • 2016 calendar-year S corporation Form 1120S income tax returns are due
  • 2016 calendar-year partnerships Form 1065 income tax returns are due

Please contact us right away if we can assist you in filing an extension.

 

Mark Your Calendar: First Quarter 2017 Tax Deadlines

Mark Your Calendar: First Quarter 2017 Tax Deadlines

by | Jan 5, 2017 | Tax

Tax return filing season has arrived, which means it’s time to mark your calendar for these 2017 tax deadlines.

  • January 17 – Due date for the fourth and final installment of 2016 estimated tax for individuals (unless you file your 2016 return and pay any balance due by January 31).
  • January 31 – Employers must furnish 2016 W-2 statements to employees, and send copies to the Social Security Administration (both paper and electronic).
  • January 31 – Payers must file all copies of 2016 Forms 1099-MISC with non-employee compensation in Box 7. For these forms, the January 31 due date applies to both paper and electronic filing.
  • January 31 – Employers must generally file 2016 federal unemployment tax returns and pay any tax due.
  • February 28 – Payers must file information returns (except certain Forms 1099-MISC) with the IRS. (Except for certain Forms 1099-MISC, March 31 is the deadline if filing electronically.)
Note the New Due Dates for Forms W-2 and 1099

Note the New Due Dates for Forms W-2 and 1099

by | Jan 1, 2017 | Tax

Did you spot the new due dates on the tax calendar? As you begin your January payroll preparation, take into account earlier due dates for two common information reporting forms.

Forms W-2 for 2016 are due January 31 for all copies. In the past, you had to provide Forms W-2 to your employees by January 31. Now the January 31 deadline also applies to copies submitted to the Social Security Administration.

The due date for filing all copies of 2016 Forms 1099-MISC with non-employee compensation in Box 7 is January 31, 2017. For these forms, the January 31 due date also applies to both paper and electronic filing.

Please contact our office right away if you would like assistance with filing these forms.

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