Important tax filing dates - updated
Here’s a list of important tax filing and reporting deadlines for the traditional tax season:
January 15, 2018 - estimated tax payments for fourth quarter, 2017 due.
January 29, 2018 - 2018 tax filing season begins. This is the first day that the IRS will start accepting tax returns.
January 31, 2018 - most information returns must be sent to taxpayers. This year, nearly all information returns have been moved up to the January 31 deadline due to the Equifax data breach. Examples of information returns include W-2s, 1099-MISC, as well as other 1099s (INT, DIV, e.g.), 1099-S (timber royalties), 1098 (mortgage interest), 1098-E (tuition statements), 1095-B and -C (health coverage), and 940 (FUTA taxes).
** Correction ** Right after we published this post (isn’t that always the way?), the IRS issued Notice 2018-06 extending the deadline for providing forms 1095-B and 1095-C to individuals to March 2, 2018, which is a 30-day extension. Please note that they did NOT change the February 28 deadline for reporting to the IRS.
February 15, 2018 - 1099-B (brokerage statements) and 1099-S (real estate transactions) information returns must be sent to tax payers.
Update 2: Per Notice 1036, employers should be using the new withholding tables for the Tax Cuts and Jobs Act by February 15, 2018.
Mid-February, 2018 - the IRS will start issuing EITC (earned income tax credit) and ACTC (additional child tax credit) refunds.
February 28, 2018 - All information returns due to taxpayers on January 31, 2018 or February 15, 2018 due to the IRS on this day.
March 2, 2018 - per notice 2018-06, the deadline to provide 1095-B and 1095-C information filings to individuals has been extended to this day.
March 15, 2018 - 1065 (partnership) returns and 1120 (C corporation) returns due for calendar year businesses. Extensions of time to file these returns is also due on this date.
April 17, 2018 - 1040, 1040A, 1040-EZ, and 1040NR (individual tax returns) and 1120-S (S Corporation tax returns) for calendar year businesses and individuals due. Estimated tax payments are also due on this date. Extensions of time to file these returns is also due on this date.
April 30, 2018 - 941 and 944 (Social Security, Medicare, and income tax withholding) due.
The IRS has a handy PDF chart of filing and reporting dates generally. They also offer an online and a downloadable Outlook or iCal calendar file.
We do not recommend filing extensions this year due to the Equifax breach.
If you need tax returns prepared, we do that! Contact us today!
