Being aware of all of your important tax-related deadlines throughout the year is a good way to save time and avoid penalties in the long run. What follows is a list of important deadlines for businesses and individuals as they typically occur; remember that these days may be moved to accommodate federal holidays:
Your deadline for filing taxes may vary, depending on the nature of the entity you represent:
- April 15th: This deadline applies to individuals, sole proprietorships, single-member LLC’s, partnerships, real estate mortgage investment conduits, estates, and trusts.
- March 15th: This deadline applies to corporations, S-corporations, homeowners associations, cooperative associations, and real estate investment trusts.
Estimated Tax Payments
If you are self-employed or otherwise receive income that requires you to pay estimated taxes every quarter, there are four deadlines to be mindful of:
- April 15th: 1st Quarter Payment Due
- June 15th: 2nd Quarter Payment Due
- September 15th: 3rd Quarter Payment Due
- January 15th: 4th Quarter Payment Due
Tax Extension Deadlines
People who require more time to prepare their tax returns should take note of the following two deadlines:
- April 15th: This is the last day to request a tax extension.
- October 15th: Should you be approved for a tax extension, you will be required to file by this date.
If you have an IRA, there are two deadlines to be aware of:
- April 15th: This is the last day to contribute to a traditional or Roth IRA for the previous tax year. If you have a Keogh or SEP, and you are approved for a filing extension, you have until October 15th to put money into such accounts.
- October 15th: If you converted your traditional IRA to a Roth and paid taxes on this conversion with your most recent return, this is the deadline for recharacterizing the conversion.
For further information on your taxes, or for help managing your finances, please contact Seattle CPA Alisa Na during normal business hours.