Upcoming IRS Tax Return Deadlines
It’s here – the height of tax filing season. That means there are a number of important tax filing deadlines coming up.
March 1, 2010: Yes, that was YESTERDAY. What was due: Paper Form 1099, 1098, W-2G, and associated summary report, Form 1096. For employers filing on paper, you have to submit copies of W-2′s and form W-3 to the government today. If you are filing these electronically, rather than on paper, you have until the end of the month to get them. In other words, if you missed the deadline, just file them electronically.
March 10, 2010: Employees that receive tips, report all tips over $20 to your employer by this date on Form 4070.
March 15, 2010: Corporate tax returns (Form 1120 or 1120S) are due this date. Also, if you are a small corporation wishing to elect treatment as an S corp, this is the due date for filing Form 2553 to make that choice effective for 2010. Also, large partnerships must have their K-1′s out to partners by today. If you have employees and are a monthly depositor, your Federal Tax Deposit is due today.
March 31, 2010: Electronically filed Forms 1099, 1098, W-2G, W-2, W-3, and 1096 due. For those of you that fall under it, your Heavy Vehicle Highway Use Tax is due today along with Form 2290 for heavy vehicles placed on the road in February.
April 12, 2010: Tip reporting time again for employees that earn tips over $20.
April 15, 2010: Individual tax returns are due! If you filed an extension, remember that an extension of time to file is NOT an extension of time to pay. If you are going to owe taxes on your return, you will accrue penalties and interest on that tax liability until you pay it. Also, household employee taxes are due today, as are your first estimated tax payments for 2010 if you are required to make them. On the business side, partnership tax returns, Form 1065, are due today. Monthly depositors with employees – you have another Federal Tax Deposit due today, as well.
April 30, 2010: First quarter Form 941 is due for employers. If your total payroll taxes are under $2500, then pay them with the return today. Also, deposit Federal Unemployment Tax today if it is over $500 due through the end of March.
Fun stuff, eh? Well, if you need help or have questions about any of these taxes, forms, or filing requirements, please feel free to leave a comment below. If it’s a bit more personal in nature, feel free to contact me directly for assistance.
Jassen Bowman
Enrolled Agent