Are You On Top Of Your 2012 Tax Deadlines?

This is the time of year when accounting offices ramp up from "normal busy" to "year-end planning" busy.

The deadlines start crowding together, fast and furious in September, all moving steadily toward next April's 2012 Tax Day.

The time to schedule with your accountant is now, before the year-end, and any possible pre-January 1 tax savings, have passed you by.

To assist you with planning, BCWS has gathered all the important Federal 2012 deadlines below:

September

Mon 10	Employers: Employees are required to report to you tips of >=$20 earned during August.
Mon 17	Deposit payroll tax for Aug if the monthly deposit rule applies.
Mon 17	Individuals: Pay the third installment of your estimated tax for 2012.
Mon 17	Partnerships: File 2011 Form 1065 if you timely requested a 5-month extension.
Mon 17	Corporations: File calendar year 2011 Form 1120 or 1120S if you timely requested a 6-month extension.
Mon 17	Deposit third installment of your 2012 estimated tax.

October

Mon 1	File Form 730 and pay tax on wagers accepted during August.
Mon 1	File Form 2290 and pay the tax for vehicles first used during August.
Wed 10	Employers: Employees required to report to you tips of >=$20 earned during September.
Mon 15	Deposit payroll tax for Sep if the monthly deposit rule applies.
Mon 15	Individuals: File 2011 Form 1040, 1040A, or 1040EZ if you requested a 6-month extension.
Mon 15	File 2011 Form 5500 if you timely requested an extension on Form 5558.
Wed 31	File Form 720 for the third quarter of 2012.
Wed 31	File Form 730 and pay tax on wagers accepted during September.
Wed 31	File Form 2290 and pay the tax for vehicles first used during September.
Wed 31	File Form 941 for the third quarter of 2012.
Wed 31	Deposit FUTA owed through Sep if more than $500.

November

Tue 13	Employers: Employees required to report to you tips of >=$20 earned during October.
Tue 13	File Form 941 for the third quarter of 2012 if you timely deposited all required payments.
Thu 15	Deposit payroll tax for Oct if the monthly rule applies.
Fri 30	File Form 730 and pay tax on wagers accepted during October.
Fri 30	File Form 2290 and pay the tax for vehicles first used during October.

December

Mon 10	Employers: Employees required to report to you tips of >=$20 earned during November.
Mon 17	Corporations: Deposit the fourth installment of your estimated tax for 2012.
Mon 31	File Form 730 and pay tax on wagers accepted during November.
Mon 31	File Form 2290 and pay the tax for vehicles first used during November.

The information here was culled from Tax.gov's Important Tax Dates for Small Business calendar. For a complete resource for all the Federal Tax Developments for 2012, click here. BCWS wants to keep as much money as possible in your pocket.

If you have any questions about these deadlines, or any other tax issues, please contact our office.

BCWS would like to connect with you!
Please come join us at:

Our BCWS Blog or
Our Website On Facebook

BCWS’s Company Profile on LinkedIn
On Twitter