DUE DATES FOR TAX RETURNS:
February 26, 2018
TAX DAY DATE TYPE OF TAX RETURN March 15, 2018 Partnership 1065 S Corporation 1120S April 17, 2018 (normally 4.15) Personal Federal 1040, States
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TAX DAY DATE TYPE OF TAX RETURN March 15, 2018 Partnership 1065 S Corporation 1120S April 17, 2018 (normally 4.15) Personal Federal 1040, States
On February 9, 2018 President Trump signed the Bipartisan Budget Act; Tax Extenders Included Tax Returns including tax extenders were delayed; IRS and TAX Software
January 29, 2018 is the first day that the IRS begins accepting all returns whether paper or electronic. PLEASE NOTE: The following tax extenders have
IRS has automatic extension for 2017 tax year (Employers do not have to request extension and employees do not need form to file taxes) from
1099’S DUE BY JANUARY 31, 2018 TO RECIPIENTS AND PAPER OR ELECTRONIC FILING TO IRS (RELATES TO 1099 MISC NON EMPLOYEE COMPENSATION LINE 7 –
THE $1.7 TRILLION TAX BILL WILL PAY FOR ITSELF. “HOW”?? IT WON’T. REPEALING ITEMS LIKE ACA WHICH WOULD LEAVE OVER 13 MILLION UNINSURED WOULD GIVE
CONGRESSIONAL BUDGET OFFICE STUDY FINDS LARGE, HARMFUL IMPACTS TO FAMILIES EARNING UNDER $75,000 ANNUALLY – HURTS THE MIDDLE CLASS AND POOR SENATE REPUBLICAN TAX PLAN
ALLOWS INDVIDUALS TO USE THE MONEY IN THEIR 401(K) TO START OR PURCHASE A BUSINESS NO TAXESON WITHDRAWN 401(K) FUNDS NO EARLY WITHDRAWAL PENALTIES CAVEATES:
QUALIFIED RETIREMENT PLAN WITHOUT THE COMPLEX ERISA RULES DESIGNED FOR EMPLOYERS WITH NO FULL-TIME EMPLOYEES (HOWEVER, COVERS BUSINESS OWNERS AND SPOUSES) INCENTIVE TO SAVE FOR
IRS HAS NEW INITIATIVES PURSUING CIVIL AND CRIMINAL PENALTIES AGGRESSIVELY IRS HAS BEEN APPROVED TO CONTRACT WITH 3RD PARTIES TO COLLECT ON PAYROLL TAX DEPOSITS
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