When your resolution this year is to avoid paying tax penalties your best options are to have everything in on time and to have year-round accounting so that you don’t have a mad dash to have everything in order by the last minute. To help make sure nothing slips through the cracks this year, I have provided a simple calendar for your business and personal tax returns. To be clear, this calendar is for businesses that operated on a calendar year, meaning their fiscal year ends on December 31st then this calendar is for you. If your business does NOT operate on this calendar, give me a call so I can help plan your year so that you can avoid any tax penalties.
|Entity Type Tax Deadline||Due Date|
|Original deadline for partnerships (Form 1065) and S Corporations (Form 1120S)||March 15, 2018|
|Original deadline for C Corporations (Form 1120) and individuals (Form 1040)||April 17, 2018|
|Original deadline for exempt organizations (Form 990)||May 15, 2018|
|Final deadline for partnerships and S Corporations (with extension)||September 17, 2018|
|Final deadline for C Corporations and individuals (with extension)||October 15, 2018|
|Final deadline for exempt organizations (with extension)||August 15, 2018|
If you didn’t hire me to regularly prepare your books in 2017, you might be behind in getting them organized. Whatever your case may be, you can extend your tax return deadline if you truly need the extra time to assure that absolutely everything is taken care of and in order so that your deductions are maximized and you avoid tax penalties.
When you find yourself overwhelmed and scrambling or just unsure, contact John J. Rooney CPA PA to take care of your business and save you time and money.
John J. Rooney CPA: Winter Garden, Orlando, Windermere, Ocoee, and more.