Tax Deadlines Ahead

January 20, 2015
As of yesterday the IRS has begun processing tax returns.

February 2, 2015
Deadline for employers to mail out Form W2, issue Form 1099 statements and other information returns.

This is also the deadline for self-employed persons to file and pay their taxes to avoid any penalty for not making estimated tax payments for the fourth quarter of the previous year.

February 17, 2015
This is the deadline for employees to make revisions to their Form W4 regarding withholding.
Forms 1099-B, 1099-S and 1099-MISC must be mailed out by financial institutions. These deal with sales of stocks, bonds and mutual funds, real estate transactions.

March 2, 2015
For businesses filing on paper, this is the deadline to mail Forms 1099 and 1096. Businesses filing electronically have until March 31 to mail these forms.

And, those in the farming and fishing industries have this date as the deadline to file their individual return and pay any balance due in order to avoid late payment penalties. You can refer to IRS Publication 225 Farmer’s Tax Guide  for more information.

March 16, 2015
The usual corporate tax deadline of March 15 falls on Sunday this year. That pushes this particular deadline forward to Monday the 16th.

This is the day for corporations using the calendar year as their tax year to file tax returns (Forms 1120, 1120A and 1120S) or for filing to request an automatic extension.

This is also the final day to file an amended corporate tax return (Form 1120X) and claim a refund from the 2011 tax year. Remember, refunds expire three years from the due date of the original return.

April 15, 2015
This, the most famous (infamous?) and most widely known tax deadline probably needs little discussion. Still, there are some peripherals involved that not everyone will recall.

Yes, this is the deadline for filing individual tax returns (Forms 1040, 1040A and 1040EZ). It is also the deadline for persons to file for an automatic extension, but you should remember that your taxes are still due on this date even if you request more time to file.

Some lesser known deadlines that also fall on this date:

This is the last day to make a contribution to IRA, Roth IRA, HSA, SEP-IRA or individual 401K plans. An extension to file will push these deadlines back to October 15 for SEP-IRA and 401K only.

This is the day that the first quarter estimated tax is due for the 2015 tax year.

And, this is the last day to file amended returns and still claim a refund for the 2011 tax year. Again, this date is three years after the original filing date.

Estate income tax, trust income tax and partnership income tax returns are also due on this date. Amendments to 2011 tax returns claiming a refund are also due on this date, because the three year expiration on refunds applies here too.

More Information
This quick and easy reference is not complete and is not meant to be a schedule of all the deadlines that might apply in your specific case. Please discuss your unique situation with your CPA, or call us for more specific guidance.