April 15  is not the only tax deadline.

Add the dates below to your calendar and save yourself from costly penalties. If you are unsure whether the descriptions below relate to you, please do not hesitate to contact our team .

This is the latest you can make your final previous year’s estimated income tax payment without penalty unless…

You file your income tax return and pay your remaining tax liability by this date. Any penalty for being late on the last installment will be waived.

All employers must give their employees copies of form W2. If you paid any independent contractor $600 or more you are to file Forms 1099 Miscellaneous by this date.

If you claimed exemption from withholding on your paychecks you need to file a new form W-4 to be exempt again for the upcoming year.

Thinking about becoming an S-Corp? Make sure you elect to be treated as an S-Corp by this date, but more importantly you are doing it for the right reasons. Consult with our team and we’ll make sure you are choosing the right business entity for your business.

S Corporations file your income tax return and pay any tax liability due (Forms 1120S). LLC and Partnerships same go for you – except file Forms 1065 – or file an extension.

This is the deadline for Individuals and C-Corporations that operate on a calendar year to file their tax return (or an extension) and pay their income tax liability. You might have the ability to file an extension and if you are self-employed pay last year’s tax liability with this year’s income (maybe even lower your tax liability by paying yourself). Want to know more? Contact our team.

Individuals & Corporations: First estimated payment for the current calendar year.

U.S. Citizens or resident aliens living and working outside the United States and Puerto Rico file your income tax return and pay any tax liability due. Or, request a 4-month extension.

Individuals & Corporations: Second estimated payment for the current calendar year.

If you are an S-Corporation or Partnership and filed an extension you must file your previous year’s tax return and pay the income tax liability.

Individuals & Corporations: Third estimated payment for the current calendar year.

If you claimed a 6-month extension in April you must file your previous year’s income tax return and pay the tax liability by this date.

Corporations make their final estimated payment.