Deadlines for U.S. Individuals
Estimated Tax – 4th Quarter payment due date
If an individual is required to make an estimated tax, then the payments are due on quarterly basis. If the payment is not made by the due date, there is a penalty for the late payment.
If taxpayer mail their estimated tax payment and the date of the U.S. postmark is on or before the due date, the IRS will generally consider the payment to be on time.
Form W-2 -Wage and Tax Statement must be provided to employees.
All 1099 slips must be provided by January 31 to the taxpayer
Form 1099-DIV, Dividends and Distributions; Form 1099-INT, Interest Income; Form 1099-MISC, Miscellaneous Income; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.; Form SSA-1099, Social Security Benefit Statement; Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-C, Cancellation of Debt; Form 1099-G, Certain Government Payments; and any other 1099 slips
Form 3520 A is due (extension for 6 months is available)
Due date for individual tax return and form 3520. There is a 6 month extension available until October 15. To obtain extension Form 4868 must be filed on April 15. This is applicable for both resident and non-resident taxpayers.
Any balance owing on the tax return must be paid by April 15 to avoid late interest and payment penalties. However, due to extension there will be no late filing penalty.
If a U.S. Citizen or resident taxpayer is living outside of the U.S. or Puerto Rico, there is an automatic two-month filing extension until June 15.
Pay estimated tax payment for Quarter 2 (as discussed above in Jan 15 deadline)
File an individual tax return if taxpayer got an automatic extension (as discussed above in Apr 15 deadline)
If the taxpayer is unable to file the tax return by Jun 15, they have an option to get 4 month extension until Oct 15 by filing Form 4868.
Any balance owing on the tax return must be paid by June 15 to avoid late interest and payment penalties. However, due to extension there will be no late filing penalty.
|September 15||Pay estimated tax payment for Quarter 3 (as discussed above in Jan 15 deadline).|
|October 15||File your individual tax return if obtained extension as discussed above.|
|Dec 31||For self employed, the qualified retirement plan for the current year must be set-up.|