This week we have a couple of quick due date reminders: October 16, 2017 is the final due date for individuals to file their individual income tax return if they have an automatic six-month extension for 2016 returns. They also need to pay any tax, interest and penalties due. October 16th is also the due date to file a 2016 calendar year C-Corporation income tax return and pay any tax due if you were given an automatic six-month extension. We will be taking a one week break

The IRS has announced it will begin accepting electronic and paper tax returns on January 23, 2017. Also, beginning in 2017, the Protecting Americans from Tax Hikes (PATH) Act requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) until mid-February. The entire refund must be held, even the portion not associated with the EITC and ACTC, until at least February 15th. In addition, the IRS stated tha

Next Tuesday, March 15th is the due date for filing 2015 calendar year C corporation and S corporation income tax returns and paying any tax still due. If you need an extension, filing form 7004 provides an automatic six month extension for filing, but the tax is still due by March 15th. This due date only applies to federal returns. The Iowa return is not due until May 2nd, 2016. We are still waiting for Iowa to couple with federal tax law changes for 2015. We will be taki

Hope you all had a fun Labor Day Holiday! Today we'd like to remind you about a few items that are due next week. The following have a September 15th due date. You need to make your 3rd installment payment of your 2015 Individual estimated tax if you pay your tax via this method. File 2014 calendar year extended Corporation tax returns. File 2014 calendar year extended Partnership tax returns. Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational

Last week I discussed a major restructuring of entity return due dates, effective generally for returns for tax years beginning after December 31, 2015 that were included in the recently passed highway bill. Here are some changes to extension due dates that were also included in the highway bill. Taxpayers who can't file a tax form on time can ask the IRS for an extension to file the form. This is effective for tax returns for tax years beginning after December 31, 2015. The

Partnerships and C corporations will soon have new filing deadlines after a recently passed highway bill that included some tax provisions was passed. This is a major restructuring of entity return due dates that is effective generally for returns for tax years beginning after December 31, 2015. Both partnerships and S corporations will have to file their income tax returns by the 15th day of the third month after the end of the tax year. Those with a calendar year will have

Today I would like to pass along a couple of important and timely reminders. 1. Don’t forget, Monday, June 15th is the due date for federal individual tax estimates. 2. Here’s a popular question I get from quite a few clients – should they put their social security number on their check when they pay any tax due with their return or when paying their quarterly estimates? The answer - no. While the IRS says you should, I recommend never doing that. With tax identity theft beco

We only have 15 days until your federal individual tax return is due on April 15th. You have until April 30th to file your Iowa individual tax return. April 15th and April 30th are also the due dates for the first quarter estimated tax payments. If you don’t have everything you need to prepare and file your individual tax return, it is important to extend the federal return by April 15th. If any tax is due, it must be paid by April 15th. An extension of time to file your re

We only have 2 weeks until your federal individual tax return is due on April 15th. You have until April 30th to file your Iowa individual tax return. April 15th and April 30th are also the due dates for the first quarter estimated tax payments. If you don’t have everything you need to prepare and file your individual tax return, it is important to extend the federal return by April 15th. If any tax is due, it must be paid by April 15th. An extension of time to file your re