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Important tax dates and deadlines

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The production period of the 2017 federal income tax is imminent, with a number of impending delays. In the meantime, the estimated terms for the first quarter of 2018 are also imminent, and the new federal tax law could have a significant impact on your taxes in 2018 and beyond. To avoid paying penalties and interest on the taxes you owe, here are the dates and important tax dates you need to remember.

Deadlines of the 2017 taxation year

April 17, 2018 – Personal and Commercial Income Tax Form or Expansion Form Due

The filing date for tax returns, April 17, 2018, applies to individuals, owners, limited liability companies and corporations (with a fiscal year end on December 31). Note: Income tax returns and extension applications for limited liability companies, partnerships and S corporations were to be filed on March 15, 2018.

Do not think you will make the deadline? File an application on that date to request an extension of the six-month income tax return. To avoid any interest and penalties on taxes you owe, try to make at least one estimated payment by 17 April 2018.

April 17, 2018 – Last day to make a contribution of the IRA 2017

You can finance your traditional IRA or Roth IRA for 2017 until April 17, 2018. The Keogh or SEP retirement accounts can be funded up to October 15, 2018, provided you have requested an extension. d & # 39; tax.

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May 15, 2018 – Exemption (non-profit) from tax returns or extension due

Exempt organizations, such as not-for-profit organizations and charities (with fiscal year-end as of December 31), must file returns or request an extension by May 15, 2018. If your organization has a different fiscal year end, filing deadlines tax returns.

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September 15, 2018 – Extended partnership tax declarations due

Business tax returns for partnerships, multi-liability corporations and S corporations must be filed on that date.

October 15, 2018 – Tax returns for individuals and businesses due

Professional tax returns for individuals, sole proprietorships, limited liability companies and corporations (with a fiscal year-end on December 31) are due on that date.

15 October 2018 – Last Chance To Cancel 2017 Roth IRA Conversion

If you converted a traditional IRA to Roth in 2017 and paid the conversion tax with your 2016 return, it is the last date to cancel the conversion. You may want to cancel your Roth IRA if he has lost money since the initial conversion.

November 15, 2018 – Refund of Long-Term Tax (Non-Profit)

Extended returns for exempt organizations whose fiscal year ends on December 31 are due at that date.

Deadlines for Payment of Estimated Taxes for 2018

If you are self-employed or have other income in the first quarter that requires you to pay estimated taxes quarterly, you must file Form 1040-ES on the following dates:

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April 17, 2018 – 1st quarter 2018 Due date for payment of estimated tax

June 15, 2018 – 2nd quarter 2018 Due date for payment of estimated tax

17 September 2018 – 3rd quarter 2018 Due date for payment of estimated tax

January 15, 2019 – 4th quarter 2018 Due date for payment of estimated tax

An accountant can help you prepare your tax forms, including filing an extension if you know you are going to be late. Make an appointment as soon as possible and give your accountant enough time to prepare your returns.

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