1st Quarter: Tax Due Dates, January – March 2016

 

February 1

All Businesses: Provide annual information statements to the recipients of certain payments you made in 2015. You can use the appropriate version of Form 1099 or other information return. Such payments may include: dividends, interest, royalties, compensation for independent contractors, debt cancellation, prizes, and awards.

 

February 16

All Businesses: Provide annual information statements to the recipients of certain payments you made in 2015. You can use the appropriate version of Form 1099 or other information return. This due date only applies to the following types of payments: all payments reported on Form 1099-B, all payments reported on Form 1099-S, and substitute payments reported in Box 8 or gross proceeds paid to an attorney reported in Box 14 of Form 1099-MISC.

 

February 29

All Businesses: File information returns (e.g., Forms 1099) for certain payments you made in 2015. Note that there are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment If you file Forms 1097, 1098, 1099, 3921, 3922, or W-2G electronically, your IRS filing deadline will be extended to March 31 (although the deadline for giving the recipient these forms generally remains February 1).

 

March 15

Corporations: File a 2015 income tax return and pay any tax due. If you want an automatic 6-month extension of time to file, use Form 7004 and pay what you estimate you owe on your return

 

S Corporations: File a 2015 income tax return and pay any tax due. Provide each shareholder with a copy of Schedule K-1 of Form 1120S, or a substitute of Schedule K-1. If you want an automatic 6-month extension of time to file, use Form 7004 and pay what you estimate you owe on your return.

 

S Corporation Election: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2016. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2017.

 

Electing Large Partnerships: Provide each partner with a copy of Schedule K-1 of Form 1065-B, or a substitute of Schedule K-1. This due date applies even if the partnership requests an extension of time to file Form 1065-B by filing Form 7004.

 

March 31

Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, and W-2G: File these forms with the IRS. This due date applies only if you file these forms electronically. Otherwise, see February 29. 

 

2nd Quarter: Tax Due Dates, April – June 2016

 

April 18

Household Employers: If you paid cash wages of $1,900 or more to a household employee in 2015, you must file Schedule H of Form 1040. If you are required to file a Federal income tax return, include Schedule H with your return and report any household employment taxes. If you paid total cash wages of $1,000 or more to household employees in any calendar quarter of 2014 or 2015, you must report any Federal Unemployment (FUTA) tax on Schedule H. Also report any income tax you withheld for your household employees.

 

Partnerships: File a 2015 tax return. Provide each partner with a copy of Schedule K-1 of Form 1065, or a substitute Schedule K-1. If you want to request an automatic 5-month extension of time to file the return and provide Schedules K-1, use Form 7004 to extend your filing deadlines to

September 15, 2016.

 

Electing Large Partnerships: File a 2015 tax return. See March 15 for the deadline for providing Schedules K-1, or substitute Schedules K-1, to the partners. If you want to request an automatic 6-month extension of time to file the return and provide each partner with a copy of their amended (if required) Schedule K-1, use Form 7004 to move your filing deadlines to October 17, 2016.

 

Corporations: Deposit the first installment payment for 2016 estimated income tax. Form 1120-W is a worksheet that can be used to estimate your tax for the year.

 

June 15

Corporations: Deposit the second installment payment for 2016 estimated income tax. Form 1120-W (Estimated Tax for Corporations) is a worksheet that can be used to estimate your tax for the year.

 

3rd Quarter: Tax Due Dates, July – September 2016

 

September 15

Corporations: If a 6-month tax extension was requested/obtained, file a 2015 tax return and pay any tax due by this date.

S Corporations: If a 6-month tax extension was requested/obtained, file a 2015 tax return and pay any tax due by this date. Provide each shareholder with a copy of their final or amended Schedule K-1 or substitute Schedule K-1.

 

Partnerships: If a 5-month tax extension was requested/obtained, file a 2015 tax return and pay any tax due by this date. Provide each shareholder with a copy of their final or amended Schedule K-1 or substitute Schedule K-1.

 

Corporations: Deposit the third installment payment for 2016 estimated income tax. Form 1120-W is a worksheet that can be used to estimate your tax for the year.

 

4th Quarter: Tax Due Dates, October – December 2016

 

October 17

Electing Large Partnerships: If a 6-month tax extension was requested/obtained, file a 2015 tax return and pay any tax due by this date. If required, provide each partner with an amended copy of their Schedule K-1 or substitute Schedule K-1. (See March 15 for the deadline for furnishing Schedules K-1 to the partners.)

 

December 15

Corporations: Deposit the fourth installment payment for 2016 estimated income tax. Form 1120-W is a worksheet that can be used to estimate your tax for the year.

 

Fiscal Year Taxpayers – Deadlines for 2016

 

If you use the fiscal year (instead of the calendar year) as your tax year, some of your due dates will be different. Refer to the general guidelines below for help with adjusting these deadlines.

 

Partnerships

Form 1065: Due by the 15th day of the 4th month following the close of the partnership’s tax year. Provide each partner with a copy of their Schedule K-1 or substitute Schedule K-1.

 

Form 1065-B: Due by the 15th day of the 4th month following the close of the partnership’s tax year. Provide each partner with a copy of their Schedule K-1 or substitute Schedule K-1 by the first March 15 following the end of the partnership’s tax year.

 

Corporations & S Corporations

Forms 1120 & 1120S: Due by the 15th day of the 3rd month following the close of the corporation’s tax year. S corporations must provide each shareholder with a copy of their Schedule K-1 or substitute Schedule K-1.

 

Estimated Tax: Quarterly payments are due in equal installments on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation’s tax year.

 

Form 2553: This form is used to select S corporation treatment. Is it due within 2 months and 15 days after the beginning of the tax year the election is to take effect, or at any time during the preceding tax year.