Important Dates for 2018/2019 Tax Filings

Important Dates for 2018/2019 Tax Filings

Every year, Americans start to scramble to gather everything they need and file their taxes and meet every deadline. Be aware of all of the important dates and deadlines ahead of time so when filing your 2018 income tax return you are prepared, and keep in mind the dates that are important for your 2019 filings, next year.

Important for 2018 Filings

  • January 15: Estimated tax payments for the 2018 tax year (IRS Form 1040-ES). These were due on April 17, June 15, and September 17 in 2018 –  January 15, 2019, is the final estimated payment for 2018 tax year.
  • January 29: The Internal Revenue Service (IRS) will begin processing tax returns.
  • February 15: The deadline for financial institutions to mail out Form 1099-B (sales of stock, bonds, or mutual funds through a brokerage account), Form 1099-S (real estate transactions), and Form 1099-MISC.
  • February 28: Businesses must mail Forms 1099 and 1096 to the IRS by this date.
  • March 15: Partnership returns are due (IRS Form 1065).
  • March 15: Corporate tax returns are due on this day (Forms 1120, 1120-A, 1120-S).
  • April 15: Deadline to file your 2018 Individual income tax returns.
  • April 15: Last day to make a contribution to the traditional IRA, Roth IRA, Health Savings Account, SEP-IRA, or solo 401(k) for the 2018 tax year.

 

Important for 2019 Filings

 

  • April 15: Due date for the first quarter federal income tax estimate
  • June 15: Due date for the second quarter federal income tax estimate
  • September 15: Third quarter federal income tax return due

  • January 15, 2020: Fourth quarter federal income tax estimate due.

If you were to miss a deadline, the IRS suggests you file as close as possible to the deadline date. Also, if you end up owing taxes, you should pay for those ASAP. Be aware, you will likely be responsible for paying a financial penalty – probably an extra interest charge. However, the IRS will still accept your money and your return.

Avoid paying the extra financial penalty, keep these important dates in mind and prepare all documentation before each deadline to have a smooth tax filing this year.

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