BCWS is fast approaching several critical tax deadlines, which means you are too. In case you’ve ever wondered what happens this time of year, here is a breakdown of the key tax deadlines for the rest of 2011.
September 15, 2011
- 3rd quarter estimated tax payments due for 2011 tax year.
- Final deadline to file corporate tax returns if an extension was requested. (Forms 1120, 1120A, 1120S).
- Final deadline to file trust income tax returns (Form 1041) if an extension was requested.
- Final deadline to file partnership tax returns (Form 1065) if an extension was requested.
October 3, 2011
- Final deadline for self-employed persons or employers to establish a SIMPLE IRA for the year 2011.
October 17, 2011
- Final deadline to file individual tax returns (with extension).
- Last day the IRS will accept an electronically filed tax return for 2010. If filing after October 17th, you'll need to mail in your tax return for processing.
- Final deadline to fund a SEP-IRA or solo 401(k) for tax year 2010 if you requested an automatic extension of time to file.
November 2011
- Start planning any year-end tax moves.
- BCWS does extensive planning with our clients in November and December but if you don’t have a good accountant and need some assistance with planning, click here.
December 1, 2011
- If you are covered by an HSA-compatible health insurance policy as of December 1st, you'll be eligible to contribute the full amount to a Health Savings Account for the year.
December 31, 2011
- Last day to make any tax moves for the year 2011.
- Last day to set up a solo 401(k) for self-employed persons.
- Marital status on this date determines your marital status for the whole year.
The last year has seen an unprecedented number of changes to the tax laws. It is more important than ever to be sure you have an accountant who is up to date on these changes. Your bottom line depends on it.
If you are choosing to do your taxes yourself, below are some links that can help:
Other great tools:
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