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The following is a compilation of various deadlines for filing returns with the IRS and making various payments.
January 15, 2014
Deadline to pay your fourth quarter estimated tax payment for the year 2013. However, you can skip this estimated payment without penalty if you file your return and pay your balance in full by January 31, 2014.
January 31, 2014
The IRS expects to start processing 2013 individual tax returns (IR-2013-100).
January 31, 2014
Deadline for employers to mail out Form W-2 to employees and for businesses to furnish Form 1099 statements reporting, among other things, non-employee compensation, bank interest, dividends, and distributions from a retirement plan. For more details, see How to Prepare and Distribute Form 1099-MISC and General Instructions for Certain Information Returns (IRS.gov).
Deadline for self-employed individuals to file and to pay their tax and avoid an penalty for not making your 4th quarter estimated tax payment.
February 18, 2014
Deadline for employees who claim exemption from withholding to file a new Form W-4 with their employers.
Deadline for financial institutions to mail out Form 1099-B, relating to sales of stock, bonds or mutual funds through a brokerage account, and Form 1099-S, relating to real estate transactions.
February 28, 2014
Deadline for businesses to mail Forms 1099 and 1096 with the IRS if filing on paper. If filing these forms electronically, the deadline is April 1. For more details, see the General Instructions for Certain Information Returns.
March 3, 2014
Deadline for farmers and fishermen who have a balance due on their taxes to file their individual tax return and pay the balance due without incurring any late payment penalties. For more details, see the Farmer’s Tax Guide (Publication 225, especially chapter 15).
March 17, 2014
Deadline for corporate tax returns (Forms 1120, 1120A, and 1120S) for the year 2013, or to request automatic 6-month extension of time to file (Form 7004) for corporations who use the calendar year as their tax year. (The normal deadline for corporate returns is March 15th, but this falls on a Saturday, so the deadline is pushed to the next business day, which is Monday, March 17th.)
Final deadline to file an amended corporate tax return (Form 1120X) for tax year 2010 and still claim a tax refund. (Refunds expire three years from the original due date of the return.)
April 15, 2014
Deadline to file individual tax returns (Form 1040, 1040A, or 1040EZ) for the year 2013 or to request an Automatic Extension (Form 4868). An extension provides an extra six months to file your return. Payment of the tax is still due by April 15th. You can submit payment for tax along with the extension form.
Last day to make a contribution to traditional IRA, Roth IRA, Health Savings Account, SEP-IRA or solo 401(k) for the 2013 tax year. (However, if you get an extension, you will have until October 15th to fund a SEP-IRA or solo 401(k).)
1st quarter estimated tax payments due for the 2014 tax year.
Final deadline to file an original tax return (Form 1040) for tax year 2010 and still claim a tax refund, as refunds expire three years from the original due date of the tax return.
Final deadline to file amended tax return (Form 1040X) for tax year 2010 and still claim a tax refund. (Be sure to mail the amended return well before April 15th to make sure your tax refund will be processed in a timely manner. And be sure to obtain proof of mailing, such as a certified mail receipt.)
Final deadline for estates, trusts, or partnerships to file an amended tax return and still claim a tax refund for the year 2010, as refunds expire three years from the original due date of the tax return.
June 16, 2014
2nd quarter estimated tax payments due for the 2014 tax year. (The normal deadline is June 15th, which falls on a Sunday, so the deadline is pushed to the next business day.)
Deadline for US citizens living abroad to file individual tax returns and to pay any tax due. You can request an additional 4-month extension (Form 4868). (You can request an automatic extension by April 15th instead if you want to.) Two tax breaks important for Americans working abroad are the Foreign Earned Income Exclusion and the Foreign Tax Credit .
June 30, 2014
Deadline to file Foreign Bank Account Report for the year 2013. This report is required if you have over $10,000 (in aggregate) held in foreign bank accounts. Foreign Bank Account Reports have a new form number (FinCEN Form 114) and must be filed electronically. Extensions of time to file are not available.
September 15, 2014
3rd quarter estimated tax payments due for the 2014 tax year.
Final deadline to file trust income tax returns (Form 1041) for the year 2013 if an extension was requested.
Final deadline to file partnership tax returns (Form 1065) for the year 2013 if an extension was requested.
October 1, 2014
Final deadline for self-employed persons or small employers to establish a SIMPLE-IRA for the year 2014.
October 15, 2014
Final deadline to file individual tax returns (with extension). (Forms 1040, 1040A, 1040EZ.)
Last day the IRS will accept an electronically filed tax return for the year 2013. If filing after October 15th, you’ll need to mail in your tax return for processing.
Start planning any year-end tax moves.
December 1, 2014
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, 2014
Last day to make any tax moves for the year 2014. 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.
2014 Federal Holidays
|January 1||New Year’s Day|
|January 20||Birthday of Martin Luther King, Jr.|
|February 17||Washington’s Birthday|
|April 16||District of Columbia Emancipation Day|
|May 26||Memorial Day|
|July 4||Independence Day|
|September 1||Labor Day|
|October 13||Columbus Day|
|November 11||Veterans’ Day|
|November 27||Thanksgiving Day|
|December 25||Christmas Day|
Here is a good story as July is a good spot to look at how to maximize your tax savings before the end of the year. Remember there is no such thing as retroactive tax planning. Don’t procrastinate. An ounce of prevention is worth a pound of cure.
Dallas Tax Firm, The Schlichting Group to Present Continuing Education Seminar on Form 1040 and Related Schedules
March 7, 2013 Dallas, TX – The Schlichting Group, a Dallas based IRS representation and tax preparation firm announced today that four of their tax professionals will be presenting at the May 14, 2013 Lorman Educational Services continuing education seminar in Dallas, Texas. The one day seminar will be held at the Wyndham Love Field and is scheduled to start at 8:30 A.M and conclude at 5:00 P.M. Each participant will receive either 8.5 CPE credit hours, 8 credit hours for Enrolled Agents and 8.h hours for A.P.A members. Course topics will include: Overview of Income on Form 1040, Schedule C, Schedule E, Schedule A, Clergy, Schedule B and Ethics: Circular 230. Along with the presenters from The Schlichting Group, The Internal Revenue Service (IRS) will address the issue of Fraudulent Returns and Lien Withdrawals as Related to Identity Theft. Moderator of the event, Ignacio A. Burgos, EA stated……
“I was pleased to be asked to moderate this event. The agenda we have planned will satisfy several hours of required Continuing Education hours for licensed tax professionals. However anyone that works in the finance or tax field will benefit greatly from this topic rich and informative seminar.”
The Schlichting Group was founded in 1990 and is one of the largest tax resolution firms in the Southwest, having done work for over thirty thousand clients. Ignacio A. Burgos, EA is an IRS Representation Professional with The Schlichting Group and has been enrolled to practice before the IRS since 2009. He is a Fellow of the National Tax Practice Institute. Mr. Burgos has experience teaching basic theory of tax preparation along with teaching advanced tax techniques.
Contact: Ignacio A. Burgos
972-385-8182 Ext. 222
Dallas, TX. March 6, 2013. The Schlichting Group, A Dallas based Tax Resolution and Tax Preparation Firm rolled out a new website that promises a much easier and enjoyable client experience. The new site can be found at slicktax.com. The landing page features five buttons that represent the services that are needed the most by clients. The client simply clicks on the button that matches their need and they are taken to that information without having to look through page after page of non useful information. Clients also have the ability to pay their account on the new web site as well. Jay Schlichting, CEO of The Schlichting Group stated……
“We’re excited about how much easier our clients can get to the information they need without wasting their time digging through pages of useless content. Not only is the new site easy to use, it gives us a more modern and progressive look. Bottom line, we want the client to find what they need fast, get in touch with us, and from there we’ll get to work on solving their IRS problems.”
The Schlichting Group, one of the largest and oldest Tax Resolution Firms in the Southwest was founded in 1990. The Schlichting Group has handled more than thirty thousand cases over the past 23 years. CEO, Jay Schlichting has been enrolled to practice before the IRS since 1990 and is a Fellow of the National Tax Practice Institute. He is also a member of the SMU Mustang Club and is the past President of Ozarka Drinking Water.
Contact: Kendale Ward
February 4, 2013 Dallas, TX– Jay Schlichting, CEO of The Schlichting Group, a Dallas based tax preparation and IRS representation firm attended the 2013 Texas Association of Business annual conference in Austin, Texas on January 29th and 30th. Featured speakers included Gov. Rick Perry, Lt. Gov. David Dewhurst, House Speaker Joe Straus and Congressman Joaquin Castro. Topics included the population growth in Texas, the State’s future water needs, highway and transportation growth and immigration reform. Jay Schlichting commented……
“Having the opportunity to hear first hand from our elected officials as they share their visions and their hopes of building a better Texas confirms actions I’ve taken in investing and growing a small business in Texas. Knowing that these folks are doing all they can to help small businesses succeed, makes it a little bit easier making tough business decisions. “
The Texas Association of Business Annual conference was held at the AT&T Conference Center in Austin Texas. Founded in 1922, The Texas Association of Business is a broad-based, bipartisan organization representing more than 3,800 small and large Texas employers and 200 local chambers of commerce.
The Schlichting Group was founded in 1990 and is one of the largest tax resolution firms in the Southwest, having done work for more than thirty thousand clients. Jay Schlichting has been enrolled to practice before the IRS since 1990 and is a Fellow of the national Tax Practice Institute. He is also a member of the SMU Mustang Club and is the past President of Ozarka Drinking Water.
Contact: Jay Schlichting