Highlights of 2011 Tax Law Changes

In our Annual Summary of Tax Law Changes, we have included changes that may affect your 2011 tax filing, tax provisions that will expire after 2011, and changes that will affect your 2012 taxes. Hopefully this will help you with some last minute tax planning for 2011 and projections beyond 2011. We expect some significant changes to the tax code in 2012 and 2013. We’ll keep you posted ... Read More

Highlights of 2010 Tax Laws Changes
Limit on Personal exemptions and overall itemized deduction is ended regardless of the amount of your AG, first time home-buyer credit extended, adoption credit is now become refundable credit, Corrosive dry wall losses, extended energy saving credits, education credits, personal exemptions & standard deduction, tax brackets are widened ... Read More
Should I refinance my mortgage? How much do I need to save for my child's college education? As accounting professionals, these are some of the questions that are posed to us on a daily basis.
Tax Calculators
Debt and Credit Cards
Auto Calculators
Personal Finance
Mortgage Calculators
Investment Calculators
View All Finance Tools
Subscribe To Our Emailed Newsletter
Email  
   
 

TAX DUE DATES FOR CALENDER YEAR 2012

 
     
 

Critical Dates Relating to Your year 2011 Federal Tax Returns:

January 2, 2012

Start of Tax Season

January 10, 2012

If you have received tip more than $20, report this to your employer

January 17, 2012

4th quarter estimated tax payments due for 2011 tax year.

January  31, 2012

If you didn’t pay your last installment of estimated tax by Jan. 18, you may choose (but are not required) to file your 2011 income tax return (Form 1040) by January 31. Filing your return and paying any tax due by Jan 31 prevents any penalty for late payment of the last installment. If you can’t file and pay your tax by Jan 31, file and pay your tax by April 18.

W-2s are due from your employer. Forms 1099 are due from payers of interest, dividends and other specified types of Deadline for employers to mail out Form W-2  and Form 1099, 1098, 3921, 3922 , 5498 Statements.

February 10, 2012

If you have received tip more than $20 during January, report this to your employer. You can use Form 4070.

February 15, 2012

If you were exempt from income tax withholding for 2011, you must file a new Form W-4 to continue your exemption for 2011.

All individuals must file new W4 to continue your exemption for another year.

All Businesses: Report certain annual Payments made to certain recipients through issuing 1099B brokers proceeds, 1099S proceeds from sale of Real Estate. Form 1096 & 1099 can be issued and file electronically.

 February 28, 2012
Deadline for employers to file Form W-2, W3 and Form 1099 & transmittal form 1096 statements for tax year 2011 with the Social Security Administration if filing on paper or magnetic media. 

March 1, 2012

Deadline for farmers and fishermen who have a balance due on their taxes to file their individual tax return and pay the balance due without any late payment penalties. However, you have until April 18 to file if you did not  pay  your 2011 estimated tax by January 17,2012

March 15, 2012

Deadline for corporate tax returns (Forms 1120,  and 1120S), for the calendar year 2011, or to request automatic 6-month extension of time to file (Form 7004).

Final deadline to file an amended corporate tax return (Form 1120X) for tax year 2008 and still claim a tax refund.

S Corporation :File a 2011 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (Form 1120S), shareholder’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.

S corporation election.File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2012. If Form 2553 is filed late, S treatment will begin with calendar year 2013.

April 2, 2012

Deadline for employers to file Form W-2 , W-2G , W3, Form 1096, Form 1098 and Form 1099 Statements with the Social Security Administration if filing electronically.

April 17, 2012

Deadline to file individual tax returns (Form 1040, 1040A, or 1040EZ) for tax year 2011 or to request an Automatic Extension (Form 4868) then file the return on or before 10/15/12.

Last day to make contribution to traditional IRA or Roth IRA for 2011 tax year.

1st quarter  estimated tax payments due for 2012 tax year.

Final deadline to file an original tax return (Form 1040) for tax year 2008 and still claim a tax refund.

Final deadline to file amended tax return (form 1040X) for tax year 2008 and still claim a tax refund. (Be sure to mail the amended return well before April 17th to make sure your tax refund will be processed in a timely manner.)

Deadline to file Estate or Trust Tax Returns (Form 1041) for the calendar year 2011 or to request an automatic 6-month extension of time to file (Form 7004).

Deadline to file Partnership Tax Returns (Form 1065), for the calendar year 2011 or to request an automatic 5-month extension of time to file (Form 7004), then file it on or before September 17, 2012.

Final deadline for estates, trusts, or partnerships to file an amended tax return and still claim a tax refund for the year 2008.

Household employers. If you paid cash wages of $1,700 or more in 2011 to a household employee, you must file Schedule H. If you are required to file a federal income tax return (Form 1040), file Schedule H with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of 2010 or 2011 to household employees. Also, report any income tax you withheld for your household employees. For more information, see Publication 926.

May 16, 2012

Deadline for Non-Profit Organizations to file information returns (Form 990), or request an extension (Form 8868).

June 15, 2012

2nd quarter  estimated tax payments due for 2012 tax year.

Deadline for US citizens living abroad to file individual tax returns or to request an additional 4-month extension (Form 4868). (Tip: request an automatic extension by April 17th, 2012, instead.) I provide useful information for claiming the Foreign Earned Income Exclusion and the Foreign Tax Credit, two tax breaks essential for Americans working abroad.

Deadline for Deposit second quarter of corporation taxes.

September 17, 2012

3rd quarter estimated tax payments due for 2012 tax year.

Final deadline to file Corporate Tax Returns  C corporation or S corporation (Forms 1120,  1120S), for tax year 2011.

Final deadline to file Partnership Tax Return   (Forms 1065), for tax year 2011.

October 15, 2012

Final deadline to file Individual Income Tax Returns (with extension).Final day for e-file.
Final deadline to file trust tax returns (Form 1041) if an extension was requested.

Final deadline to file partnership tax returns (Form 1065) if an extension was requested.

November 2012

Start planning any year-end tax moves.

December 31, 2012

If need information in detail please refer publication 509.

 

 

TAX DUE DATES FOR CALENDER YEAR 2011

 
     
 

Critical Dates Relating to Your year 2011 Federal Tax Returns:

January 1, 2011

Start of Tax Season

January 10, 2011

If you have received tip more than $20, report this to your employer

January 18, 2011

4th quarter estimated tax payments due for 2010 tax year.

January 31, 2011

If you didn’t pay your last installment of estimated tax by Jan. 15, you may choose (but are not required) to file your 2009 income tax return (Form 1040) by Feb 1. Filing your return and paying any tax due by Feb1 prevents any penalty for late payment of the last installment. If you can’t file and pay your tax by Feb 1, file and pay your tax by April 15.

W-2s are due from your employer. Forms 1099 are due from payers of interest, dividends and other specified types of

Deadline for employers to mail out Form W-2  and Form 1099 Statements.

February 15, 2011

If you were exempt from income tax withholding for 2009, you must file a new Form W-4 to continue your exemption for 2011.

February 16, 2011

All individuals must file new W4 to continue your exemption for another year.

All Businesses: Report certain annual Payments made to certain recipients through issuing 1099B brokers proceeds, 1099S proceeds from sale of Real Estate. Form 1099 can be issued electronically.

February 23, 2011

Deadline for employers to file Form W-2, W3 and Form 1099 & transmittal form 1096 statements with the Social Security Administration if filing on paper or magnetic media. 

Deadline for farmers and fishermen who have a balance due on their taxes to file their individual tax return and pay the balance due without any late payment penalties. However, you have until April 15 to file if you paid your 2008 estimated tax by January 15,2009

March 15, 2011

Deadline for corporate tax returns (Forms 1120,  and 1120S), for the calendar year 2009, or to request automatic 6-month extension of time to file (Form 7004).
Final deadline to file an amended corporate tax return (Form 1120X) for tax year 2006 and still claim a tax refund.
S Corporation : File a 2009 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (Form 1120S), shareholder’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.

S corporation election. File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2011. If Form 2553 is filed late, S treatment will begin with calendar year 2011.

March 31, 2011

Deadline for employers to file Form W-2 , W-2G , Form 1098 and Form 1099 Statements with the Social Security Administration if filing electronically.

April 18, 2011

Deadline to file individual tax returns (Form 1040, 1040A, or 1040EZ) for tax year 2009 or to request an Automatic Extension (Form 4868) then file the return on or before 10/15/10.
Last day to make contribution to traditional IRA or Roth IRA for 2009 tax year.
1st quarter  estimated tax payments due for 2011 tax year.
Final deadline to file an original tax return (Form 1040) for tax year 2006 and still claim a tax refund.
Final deadline to file amended tax return (form 1040X) for tax year 2006 and still claim a tax refund. (Be sure to mail the amended return well before April 15th to make sure your tax refund will be processed in a timely manner.)
Deadline to file Estate or Trust Tax Returns (Form 1041) for the calendar year 2009 or to request an automatic 6-month extension of time to file (Form 7004).
Deadline to file Partnership Tax Returns (Form 1065), for the calendar year 2009 or to request an automatic 5-month extension of time to file (Form 7004), then file it on or before September 15, 2011.
Final deadline for estates, trusts, or partnerships to file an amended tax return and still claim a tax refund for the year 2006.
Household employers. If you paid cash wages of $1,700 or more in 2009 to a household employee, you must file Schedule H. If you are required to file a federal income tax return (Form 1040), file Schedule H with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of 2008 or 2009 to household employees. Also, report any income tax you withheld for your household employees. For more information, see Publication 926.

May 16, 2011

Deadline for Non-Profit Organizations to file information returns (Form 990), or request an extension (Form 8868).

June 15, 2011

2nd quarter  estimated tax payments due for 2009 tax year.
Deadline for US citizens living abroad to file individual tax returns or to request an additional 4-month extension (Form 4868). (Tip: request an automatic extension by April 15th, 2011, instead.) I provide useful information for claiming the Foreign Earned Income Exclusion and the Foreign Tax Credit, two tax breaks essential for Americans working abroad.

September 15, 2011

3rd quarter estimated tax payments due for 2011 tax year.
Final deadline to file Corporate Tax Returns  C corporation or S corporation (Forms 1120,  1120S).
Final deadline to file Partnership Tax Return   (Forms 1065).

October 17, 2011

Final deadline to file Individual Income Tax Returns (with extension). Final day for e-file.
Final deadline to file trust tax returns (Form 1041) if an extension was requested.
Final deadline to file partnership tax returns (Form 1065) if an extension was requested.

November 2011

Start planning any year-end tax moves.

December 31, 2011

 
Home | About Us | Services | Financial Tools | Tax Due Dates | Calculator | Contact Us
   © 2007 Everest Associates, All Rights Reseved Site Developed by: Balianti, Inc.