Tax season is upon us once again, which can mean a lot of extra work for small business owners. Not to worry, we’ve got you covered.
Here are a few important tax dates to be aware of this year:
Feb. 15, 2015
—End of 2015 open enrollment at the Health Insurance Marketplace.
March 16, 2015
—Deadline for filing a 2014 corporation or S-corporation return or extension.
April 15, 2015
—Deadline for filing a 2014 personal, partnership, or estates/trusts tax returns or extension.
—The return or extension must be postmarked or transmitted for e-filing by Wednesday, April 15, 2015.
—To avoid late payment penalties and interest, any additional taxes you owe must be paid by this date even if you filed an extension.
—Due date for first installment of 2015 estimated tax payments.
April 20, 2015
—Deadline for resubmitting or paper-filing a rejected federal return that was originally e-filed by the April 15 deadline if you did not file an extension.
Note: The last day to resubmit a rejected 2014 return is October 20; however the April 20 deadline applies to taxpayers who owe taxes and want to avoid the late-filing penalty.
—Deadline for resubmitting or paper-filing a rejected extension that was originally e-filed by the April 15 deadline.
June 15, 2015
—Deadline for filing a 2014 personal return for U.S. citizens or residents living and working abroad, including military duty.
—Due date for second installment of 2015 estimated tax payments.
Sept. 15, 2015
—Final deadline to file your 2014 corporation, S-corporation, partnership, or estates/trusts tax return if you filed an extension.
—Due date for third installment of 2015 estimated tax payments.
Oct. 15, 2015
—Final deadline to file your 2014 personal tax return if you filed an extension on or before April 15.
Oct. 20, 2015
—Final deadline to resubmit a rejected 2014 return that was originally e-filed on or before Oct. 15.
If you’re expecting a refund and miss the Oct. 20 e-file cutoff date, you have until April 16, 2018 (Oct. 15, 2018, if you filed an extension) to file a paper return and claim your 2014 refund.
Be in the know about tax dates to avoid getting yourself into trouble with the IRS. For questions on various tax payments and dates for small businesses and virtual bookkeeping, contact us here.
