Did you forget Grandad’s birthday? How about that grocery run- what were you supposed to get:- was it eggs or milk? Where in the world did I park my car? When is that report due? What’s the boss’s son’s name? There’s just too much to remember!
Good thing forgetting most miniscule facts isn’t going to ruin your life. But there are some things, like paying the bills and Mom’s birthday that should have priority in the memory if you want life to go smoothly. Remembering to do your taxes by April 15 is pretty important but it’s hard to forget with all the hype during the first two weeks of April, not to mention competing tax preparation companies buying up ad time and ad space like it costs nothing.
The Tax Return Schedule: Where’s Our App?
But what about all those secondary tax due dates you have to keep track of? Hardly worth cluttering up your brain but you absolutely don’t want to forget them, either. That’s why there should be an app for your smartphone that will help you keep track of the tax return schedule.
There is the next best thing: a tax calendar, which looks something like this:
Individual income tax returns are due. Your e-filed tax return must be e-filed by midnight on this day. Hit submit before midnight and you’re ok. Paper filers if there are still any of you left out there from the dinosaur era, your envelope must be postmarked April 15 or before.
You can rest because there are no tax due dates this month.
U.S. citizens living outside the US and Puerto Rico get until June 15 to file taxes. You can file a tax extension but you get four extra months, not six. You get until October 15.
If you make estimated payments throughout the year (self-employed individuals sometimes do this) then there’s one due on June 15. The next one will be due in three months.
Well three months have rolled by with nothing happening on the tax return schedule but now it’s time for those making estimated payments to make another one.
If you filed IRS form 4868 to get an extension of time to pay your taxes, now your taxes are really due. No IRS extension this time!
Pay another round of estimated taxes due by this date.
A Tax Return Schedule for Small Businesses & Self Employed Individuals
Payroll deadlines aside, small businesses and self-employed individuals have lots more dates on the tax return schedule to worry about. That’s the price of being your own boss!
If you are required to make federal deposits to cover payroll taxes, yours is due today.
You must supply your employees with W-2s by this date. This also goes for IRS forms 1099 and a few other forms as well.
You must also pay your FUTA (federal unemployment tax) by this date. That’s reported on the IRS 940, which is also due today.
For businesses that use vehicles and have to pay the vehicle tax, file IRS Form 2290 by today, too, for vehicles first used in December 2012. This will be a monthly due date on the tax return schedule, the end of the month it’s due for vehicles used the previous month.
Also, IRS forms 940, 941 and a few others are due today.
Certain IRS information forms are due this date, including IRS form 1099.01098 and W-2G.
OK March 15 is to corporations what April 15 is to individuals. The big annual federal income tax return is due today for corporations. This is reported on IRS 1120 or IRS form 1120S if it’s an S-Corp.
Also on this day, if you are going to designate your business as an S Corporation, today is the deadline for doing so: file IRS form 2553.
File IRS Form W-2 and a few others by the first of April. This is done electronically if you want this due date. Otherwise paper filers’ due date is earlier.
If you owe more than $500 in federal unemployment taxes, make your deposit by today.
Also, the deposit for IRS form 941 for the first quarter is due today. The actual form is due May 10 if you made your deposit on time.
IRS form 941 for the second quarter is due.
IRS form 941 for the third quarter is due.