Category Archives: Tax Planning

May 2019 Tax Deadlines

May 31, 2019 Deadline for financial institutions to send out Form 5498 to report balances in an individual retirement account.

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Tax Day is April 15!

April 15, 2019 Estimated quarterly payments So it begins. If your business pays taxes on a quarterly basis, the first 2019 estimated quarterly tax payment is due today. Forms: Form 1040-ES, Estimated Tax for Individuals (Payment Voucher 1) Individual tax returns due … Continue reading

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March 2019 Tax Deadlines

March 15, 2019 S corporation and partnership tax returns due Today is the deadline to file your S corporation tax return (Form 1120-S) or Partnership return (Form 1065). Note that S corporations and Partnerships do not pay taxes on their … Continue reading

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February 2019 Tax Deadlines

February 15, 2019 Form 1099-MISC Copy B filing deadline If you are filing a 1099-MISC, regardless of whether Box 7 is filled, you must get Copy B to the contractor in question no later than February 15, 2019. February 28, 2019 Form … Continue reading

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Bad Debts Aren’t Always Bad News

The IRS defines a business bad debt as “a loss from the worthlessness of a debt that was either created or acquired in a trade or business or closely related to your trade or business when it became partly to … Continue reading

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November 2018 Tax Deadlines!

November 10 — Employees who work for tips If you received $20 or more in tips during October, report them to your employer – Details November 10 — Social security, Medicare, and withheld income tax. File Form 941 for the third quarter of … Continue reading

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September 2018 Tax Deadlines

September 5 — Everyone Federal Holiday (Labor Day) Details September 10 — Employees who work for tips If you received $20 or more in tips during August, report them to your employer Details September 15 — Individuals Make a payment of your 2018 estimated tax … Continue reading

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Infographic: Under the New Tax Law You Cannot Deduct Hobby Expenses

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Tax Day is April 17th!

Tax Day is April 17, 2018!  Here are some important things to remember: Individual Tax Returns Due for Tax Year 2017 If you haven’t applied for an extension, e-file or postmark your individual tax returns by midnight April 18, 2018. … Continue reading

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Infographic: Is your employer withholding enough in taxes?

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