Important Tax Deadlines

INDIVIDUALS TAX ESTMATES FOR FEDERAL AND STATE

  • 1st Quarter Estimated Payment - April 15th
  • 2nd Quarter Estimated Payment - June 15th
  • 3rd Quarter Estimated Payment - September 15th
  • 4th Quarter Estimated Payment - January 15th Following Year

INDIVIDUAL TAX RETURNS & EXTENSIONS DUE DATES

  • Due Date or Extension: Tax Year 201 - April 18, 2016
  • Final Date (Return must be postmarked) - October 17, 2016
  • Last Day to make a 2015 Traditional/Roth IRA Contribution - April 18, 2016

C - CORPORATIONS & S - CORPORATIONS

  • Calendar Year  
    • C-Corporation - March 15, 2016
    • S-Corporation - March 15, 2016
  • Calendar Year/Extension 
    • C-Corporation - September 15, 2016
    • S-Corporation - September 15, 2016
  • Fiscal Year - 3 1/2 months from your Fiscal Year end
  • Fiscal Year/Extension - 9 1/2 months from your Fiscal Year end
  • Minimum Tax Due ($800) - April 15th
  • Last day to fund a Keogh/Sep if you are a Corporation and on an extension - September 15, 2016 or October 15, 2016

PARTNERSHIPS & LLCs

  • Due Date - March 15, 2016
  • Extension/Extends for 6 Months - September 15, 2016

CITY OF LOS ANGELES BUSINESS TAX LICENSE

  • February 28th

SALES TAX

Quarterly Sales Tax Payer

  • 1Q - April 30th
  • 2Q - July 31st
  • 3Q - October 31st
  • 4Q - January 31st Following Year

Monthly Sales Tax Payer

  • Last day of the month after the period ends
    • i.e. January sales tax is due by February 28th

Yearly Sales Tax Payer

  • Last day of the month after the period ends.
    • i.e. January sales tax is due by February 28th

PAYROLL TAX REPORTS

Quarterly Deposits (941 & DE6)

  • 1Q - April 30th
  • 2Q - July 31st
  • 3Q - October 31st
  • 4Q - January 31st Following Year

Yearly Deposits (W-2's/W-3's/940/DET)

  • Must be filed no later than:
  • January 31st Following Year

1099 Forms for Year 2015

  • January 31, 2016

2016 FEDERAL TAX DEPOSIT REQUIREMENTS

For assistance, please call the Dept. of the Treasury: 1-800-829-0115

Monthly Schedule Depositor - In October, the Department of the Treasury reviewed the Forms 941 you filed for the quarters ending September 30, 2014, December 31, 2014, March 31, 2015, and June 30, 2015, to determine your deposit requirements for 2016.  You are a monthly depositor because your total tax liability for the four quarters was $50,000 or less. This means that when you pay wages for any one month, your deposit is due by the 15th day of the following month.  It is your responsibility to verify this information against your quarterly tax records.

$100,000 Next Day Deposit Rule - If your accumulated Form 941 tax liability reaches $100,000 or more at any time during a calendar month, your deposit is due by the next banking day.  After that, you must make your deposits semi-weekly rather than monthly.  Semi-weekly means that if you pay wages on Wednesday, Thursday, or Friday, your deposit is due by the following Wednesday.  If you pay wages on Saturday, Sunday, Monday, or Thursday, your deposit is due by the following Friday.  If your accumulated Form 941 tax liability reaches $100,000 or more at any time during a semi-weekly period, your deposit is due the next banking day.

$2,500 Rule - If your total tax liability for any quarter is less than $2,500, you can pay the amount whenyou file your Form 941 instead of making deposits.  If you're not sure your total tax liability for the quarter will be less than $2,500, deposit using the monthly rules so you won't be subject to failure to deposit penalties.

ELECTRONIC DEPOSIT REQUIREMENT

You must use EFT to make all federal tax deposits.  Generally, an EFT is made using the Electronic Federal Tax Payment System (EFTPS).  EFTPS is a free service provided by the Department of Treasury.  To get more information about EFTPS or to enroll in EFTPS visit www.eftps.gov or call 1-800-555-4477.