Know Your Tax Deadlines for Timely Planning

TaxDeadlineReminderTiming is everything, and that is especially true when it comes to getting your taxes filed on time. Late filing can result in penalties and fees, which are completely avoidable with a little planning and preparation. The first step is to know your filing deadlines for the coming year. We have listed the most important filing dates for this year below.

Your next step is to contact your tax accountant to learn when you should have all of your documentation ready. Putting everything off until the last minute is not the best way to ensure your tax return will receive all of the attention and care it deserves! While long-term tax planning is essential, it also pays to take care of things in a timely manner for the short-term.

Have a question? Need help filing your taxes?  Wondering what you’ll need to file?  Call Gray, Gray & Gray’s Tax Department at (781) 407-0300.

March 17, 2014

Deadline for corporate tax returns (Forms 1120, 1120A, and 1120S) for the 2013 tax year, or to request automatic 6-month extension of time to file (Form 7004) for corporations who use the calendar year as their tax year

April 1, 2014

Deadline for filing 1099 and 1096 with IRS for electronic filers

April 15, 2014

Filing deadline for 2013 individual (Form 1040, 1040A, or 1040EZ) tax returns

Last day to make a contribution to a traditional IRA, Roth IRA, Health Savings Account (HAS), SEP-IRA, or solo 401(k) for 2013 tax year (although extensions are available for SEP-IRA and solo 401(k))

Deadline to file a partnership tax return (Form 1065) or request a 5-month extension (Form 7004)

Deadline to file estate income tax or trust income tax returns (Form 1041), or to request a 5-month extension (Form 7004)

1st quarter estimated tax payments due for the 2014 tax year

May 15, 2014

Deadline for non-profit organizations to file information returns (Form 990) for the year 2013, or request an extension (Form 8868)

June 16, 2014

2nd quarter estimated tax payments due for the 2014 tax year

June 30, 2014

Deadline to file Foreign Bank Account Report (FinCEN Form 114) for the 2013 tax year, which is required if you have $10,000 at any given time during the year in aggregate of $10,000 or more held in foreign bank accounts

August 15, 2014

Filing deadline for extensions of 2013 non-profit organizations tax returns

September 15, 2014

Filing deadline for extensions of 2013 corporate, trust and partnership tax returns

3rd quarter estimated tax payments due for the 2014 tax year

October 15, 2014

Filing deadline for extensions of 2013 tax returns

January 15, 2015

4th quarter estimated tax payments due for the 2014 tax year

April 15, 2017

Yes, it is a long way off, but this is the deadline for filing an amended 2013 tax return (three year period)

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