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Key Tax Dates

Note regarding Weekends & Holidays: If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.

If there have been any significant changes in your tax situation, recommend you contact us as soon as they happen so we can work with you on tax planning and make changes as necessary to avoid any unpleasant tax surprises when it is time to file your return.  The sooner you contact us the easier it will be to implement changes in your tax situation for the current year.

If you have ANY questions on the information below, call or email us. 

Due Dates for Estimated Tax Payments

  • January 15th – Individual Estimated Tax Payment Due for September-December of previous year
  • April 15th  – Individual Estimated Tax Payment Due for January-March
  • June 15th  – Individual Estimated Tax Payment Due for April-May
  • September 15th – Individual Estimated Tax Payment Due for June-August

Key Dates for Contributions to Retirement Accounts (ROTH, Traditional IRAs and SEP IRAs)

  • April 15th – Last day to make contributions to a ROTH or Traditional IRA
  • For a SEP IRA – Contributions to a SEP IRA must be deposited by the due date (including extensions) for filing your federal tax return.  If you obtain an extension, you have until the end of that extension to deposit the contribution, regardless of when you actually file the tax return.

Key Dates for Required Minimum Distributions from Retirement Accounts

  • December 31st - Last day to withdraw required minimum distribution from Traditional or SEP IRAs for taxpayers who turned 70½ before 2015. Failing to make a timely withdrawal may result in a penalty equal to 50% of the amount that should have been withdrawn.
  • April 1stIf this is the first year you are required to take a minimum distribution from your IRA, you have until April 1st to take your RMD

Note:  Your first RMD is becomes due when you are turn 70½.  You reach age 70½ on the date that is 6 calendar months after your 70th birthday.

Example: You are retired and your 70th birthday was June 30, 2013. You reached age 70½ on December 30, 2013. You must take your first RMD (for 2013) by April 1, 2014.

Example: You are retired and your 70th birthday was July 1, 2013. You reached age 70½ on January 1, 2014. You do not have an RMD for 2013. You must take your first RMD (for 2014) by April 1, 2015.

Due dates for Tax Returns

  • March 15th  - Corporate Tax Returns due (Form 1120 and 1120S)
  • April 15th – Individual (1040, 1040A, 1040EZ), 1041 (Trusts & Estates), and 1065 (Partnership) tax returns due
  • June 15th – Due date for Taxpayers Living Abroad - If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, June 15 is the filing due date for your income tax return and to pay any tax due. If your return has not been completed and you need additional time to file your return, file Form 4868 to obtain 4 additional months to file. Then, file Form 1040 by October 15.

Note 1:  Dates above assume that your tax year ended on December 31st. 

Note 2:  If you are unable to file your tax return by the due date listed above, ensure you file an extension prior to the date listed above.  As long as you then file your tax return by the end of the extension period, you can avoid the “failure to file on-time” penalty.  However, you still need to pay what you owe by the original due date or you will incur “failure to pay on-time” penalties as well as interest for each month you have not paid in full.