Trying to figure out what forms to file and what taxes to pay has never been an easy task. The official deadline falls on April 15 unless a national holiday or occurrence happens on the same date.
Have you missed an important filing date? Don't stress out - take action. Request an instalment agreement with the IRS to pay off your debts and penalties within an extended and comfortable time limit.
Not sure about what to file and when to file? We've got your back! Here's a list of important tax deadlines and due dates to keep in mind in 2018.
First Quarter Tax Payments - January, February, and March
January 10, 2018 – File Form 4070 to summarize and report any tips earned during the month of December. This report is due on the 10th of every month and summarizes tip income for the month prior. No report is required from an employee for months when tips are less than $20.
Keep in mind that if the date falls on a Saturday or Sunday the deadline is moved to the next Monday.
January 16, 2018 – Individuals, farmers and fishermen must file Form 1040-ES and make an estimated tax payment for 2017 if the income tax for 2017 had not been paid through withholding. You do not have to make this payment if you file your annual return and pay any due tax by January 31, 2018.
January 31, 2018 – Individuals who must make estimated tax payments may file their income tax return for 2017 via Form 1040. Doing so by January 31 prevents any penalties for late payments of the last instalment.
If you can't file and pay your tax by January 31 the next and final deadline is April 17, 2018.
March 1, 2018 – Calendar farmers or fishermen must file their 2017 income tax return via Form 1040 if the appropriate form was submitted on January 16, 2018.
Second Quarter Tax Payments - April, May, and June
Individuals may file Form 4868 for an automatic 6-month extension of time to file the return by October 15, 2018.
File Schedule H (Form 1040) if you paid cash wages of $2,000 or more to a household employee in 2017.
June 15, 2018 – This is the 2018 tax day for U.S. citizens or resident aliens living and working outside of the U.S. and Puerto Rico. You can file Form 4868 for a 6-month extension and file the return on October 15.
June 15 is the second instalment date for estimated tax. Use Form 1040-ES and make an estimated tax payment for 2018 if you’re not paying your income tax for the year through withholding.
Third Quarter - July, August, and September
September 17, 2018 – This is the third instalment date for paying estimated taxes in 2018. Use Form 1040-ES and make an estimated tax payment if you’re not paying your income tax for the year through withholding.
Fourth Quarter - October, November, and December.
1. Remember that Form 1040 is due on the 15th day of the 4th month after the end of your tax year.
2. Form 4868 is used to request an extension of time file Form 1040.
3. Estimated tax payments calculated via Form 1040-ES are due on the 15th day of the 4th, 6th and 9th months of the current tax year and on January 15th after the tax year ends.
4. Employees who work for tips must submit Form 4070 on the 10th of every month. If the date falls on a Saturday or Sunday the deadline is moved to the next Monday.
Are you a business owner? If so - there's a lot of due dates and paperwork to keep track of. Use our 2018 tax calendar to keep track of vital corporate and business tax deadlines and not miss a thing.