Tax Filing Deadlines

You Owe Taxes On Your Returns – To File Or Not To File?

So you owe taxes and you haven’t filed yet, is there any advantage in waiting or should you file as soon as possible? If your current financial situation is precariously stressed, should you wait until you obtain the necessary funds to pay any taxes due?

Taxpayers that have failed to file tax returns for some extended period of time should file them immediately. Even if taxpayers have filed for an extension, time is of the essence to avoid costly penalties assessed by the IRS. When taxpayers do not file by the April 15th deadline, the IRS assesses failure to file (FTF) and failure to pay (FTP) penalties.

Reminder: Employers Face New Jan. 31 W-2 Filing Deadline

REMINDER: Employers and small businesses have a new deadline, January 31, 2017, for filing Forms W-2. The acceleration of this deadline is the result of a new federal law aimed at helping the IRS detect and prevent refund fraud. For similar reasons, the new law also requires the IRS to hold refunds involving two key refundable tax credits until at least February 15, 2017. The January 31 deadline of past years for employers furnishing copies of Forms W-2 to their employees remains the same.

A Review Of The New Federal Filing Deadlines Under The Surface Transportation and Veterans Health Care Choice Improvement Act

On its face, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Act”) doesn’t sound much like legislation that affects the filing of taxes, because such legislation rarely does. The enactment of this Act promulgates changes to the tax filing process consequently affecting just about every taxpayer. These changes include revised due dates for filing certain tax forms, which potentially further impact the filing of state taxes. Individual and business taxpayers alike should consult a tax professional to conduct a detailed review of the Act in detail to determine which significant deadline changes affect them most.