2019 Tax Season is here! Don’t get disorganized – know when you need to file and prepare key tax documents ahead of time. Naden/Lean has prepared a handy reference for 2019 tax season due dates. Bookmark this page for easy access.
- Individuals should make an estimated tax payment for the fourth quarter of 2018 if taxes weren’t’ paid through withholding, or if not enough taxes were withheld. Use form 1040-ES.
- Individuals who did not make an estimated payment by the 15th can choose to file their 2018 tax return by this date and pay any tax due to avoid penalties.
- Businesses should use Form 1099 to provide an annual information statement of payments made to vendors and non-employees. Payments include compensation to independent contractors, distributions, interest, rent, royalties, prizes and awards, medical and healthcare payments, and more.
- Individuals who claimed exemption from income tax withholding in 2018 should provide employers with an updated Form W4 to continue the exemption.
- Businesses who issued payments in 2018 from broker and barter exchange transactions, real estate, substitute payments or gross proceeds paid to an attorney should provide users with the appropriate Form 1099.
- Businesses should file information returns for certain payments made in 2018 that were reported on Forms 1099.
- Deadline for partnerships to file a 2018 calendar year return using Form 1065. Each partner should receive Schedule K-1. Requests for a six-month extension can be made using Form 7004.
- Deadline for S-Corps to file a 2018 calendar year return using Form 1120S and pay any tax due. Each shareholder should receive Schedule K-1. Requests for a six-month extension can be made using Form 7004. Organizations electing S-Corp tax treatment for 2019 should file Form 2553.
- Taxpayers electronically filing Forms 1097, 1098, 1099, 3921, 3922, and W-2G should do so by this date.
- Deadline for individuals to file Form 1040 and pay any tax due for 2018. Maine or Massachusetts residents have until April 17th. Use form 4668 to request a six-month extension to file; taxes that remain unpaid will incur fees and penalties. Individuals who make estimated tax payments should make the first installment for 2019 using Form 1040-ES.
- Household employers who paid cash wages of $2,100 or more must file Schedule H with the annual tax return.
- Corporations should file the 2018 calendar year income tax return using Form 1120 and pay any tax due. Use Form 7004 to request a six-month extension to file. The first installment of 2019 estimated taxes is also due.
This calendar is for individuals and businesses who follow a calendar year. If your organization uses a fiscal year different than the calendar year, follow these general guidelines and consult your CPA for specific assistance.
Fiscal Year Guidelines
Form 1040 (Individuals), Form 1120 or 7004 (S-Corps and C-Corps): forms due on the 15th day of the fourth month after the end of the tax year.
Form 1065 (partnerships), Form 1120S or 7004 (S-Corps and C-Corps): forms due on the 15th day of the third month after the end of the tax year.
Estimated tax payments:
- Individuals owe estimated payments on the 15th day of the 4th, 6th, and 9th months of the fiscal tax year and the 15th day of the first month after the fiscal tax year ends.
- Businesses owe estimated payments on the 15th day of the 4th, 6th, 9th, and 12th months of the fiscal tax year.
For questions about your specific tax situation, contact Naden/Lean here or call our office at 410-453-5500.