Closely Held Business Advisor: 2016 Tax Calendar

March 9, 2016

To help you make sure you don’t miss any important 2016 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review it and let us know if you have any questions about the deadlines or would like assistance in meeting them.

March 10 Individuals: Reporting February tip income, $20 or more, to employers (Form 4070).
March 15 Calendar-year corporations: Filing a 2015 income tax return (Form 1120 or Form 1120S) or filing for an automatic six-month extension (Form 7004), and paying any tax due.
March 31 Employers: Electronically filing Form 1098, Form 1099 and Form W-2G.
April 11 Individuals: Reporting March tip income, $20 or more, to employers (Form 4070).
April 18 Individuals: Filing a 2015 income tax return (Form 1040, Form 1040A or Form 1040EZ) or filing for an automatic six-month extension (Form 4868), and paying any tax due.

Individuals: Paying the first installment of 2016 estimated taxes, if not paying income tax through withholding (Form 1040-ES).

Individuals: Making 2015 contributions to a traditional IRA or Roth IRA (even if a 2015 income tax return extension is filed).

Individuals: Making 2015 contributions to a SEP (unless a 2015 income tax return extension is filed).

Individuals: Filing a 2015 gift tax return (Form 709) or filing for an automatic six-month extension (Form 8892), and paying any gift tax due; or filing for an automatic six-month extension (Form 4868) to extend both Form 1040 and, if no gift tax is due, Form 709.

Household employers: Filing Schedule H (Form 1040), if wages paid equal $1,900 or more in 2015 and Form 1040 is not required to be filed. For those filing Form 1040, Schedule H is to be submitted with the return and is thus extended to the due date of the return.

Calendar-year partnerships: Filing an income tax return for 2015 (Form 1065 or Form 1065-B) or requesting an automatic five-month (in the case of a 1065) or six-month (in the case of a 1065-B) extension (Form 7004).

Trusts and estates: Filing an income tax return for the 2015 calendar year (Form 1041) or filing for an automatic five-month extension (Form 7004), and paying any income tax due.

Calendar-year corporations: Paying the first installment of 2016 estimated income taxes.

May 2 Employers: Reporting income tax withholding and FICA taxes for first quarter 2015 (Form 941), and paying any tax due.
May 10 Individuals: Reporting April tip income, $20 or more, to employers (Form 4070).

Employers: Reporting income tax withholding and FICA taxes for first quarter 2016 (Form 941), if you deposited on time and in full all of the associated taxes due.

May 16 Exempt organizations: Filing a 2015 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) or filing for an automatic three-month extension (Form 8868) and paying any tax due.

Small exempt organizations (with gross receipts normally of $50,000 or less): Filing e-Postcard (Form 990-N), if not filing Form 990 or Form 990-EZ.

June 10 Individuals: Reporting May tip income, $20 or more, to employers (Form 4070).
June 15 Individuals: Filing an individual income tax return (Form 1040) or filing for a four-month extension (Form 4868), and paying any tax and interest due, if you live outside the United States.

Individuals: Paying the second installment of 2016 estimated taxes, if not paying income tax through withholding (Form 1040-ES).

Calendar-year corporations: Paying the second installment of 2016 estimated income taxes.

July 11 Individuals: Reporting June tip income, $20 or more, to employers (Form 4070).
August 1 Employers: Filing a calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or requesting an extension.

Employers: Reporting income tax withholding and FICA taxes for second quarter 2016 (Form 941), and paying any tax due.

August 10 Individuals: Reporting July tip income, $20 or more, to employers (Form 4070).

Employers: Reporting income tax withholding and FICA taxes for second quarter 2016 (Form 941), if you deposited on time and in full all of the associated taxes due.

August 15 Exempt organizations: Filing a 2015 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) or filing for an additional three-month extension (Form 8868), if an automatic three-month extension was previously filed.
September 12 Individuals: Reporting August tip income, $20 or more, to employers (Form 4070).
September 15 Individuals: Paying the third installment of 2016 estimated taxes, if not paying income tax through withholding (Form 1040-ES).

Calendar-year corporations: Paying the third installment of 2016 estimated income taxes.

Calendar-year corporations: Filing a 2015 income tax return (Form 1120 or Form 1120S) and paying any tax, interest and penalties due, if an automatic six-month extension was filed.

Calendar-year corporations: Making contributions for 2015 to certain employer-sponsored retirement plans, if an automatic six-month extension was filed.

Calendar-year partnerships: Filing an income tax return for 2015 (Form 1065), if an automatic five-month extension was filed.

Trusts and estates: Filing an income tax return for the 2015 calendar year (Form 1041), if an automatic five-month extension was filed.

October 3 Employers: Establishing a SIMPLE or a Safe-Harbor 401(k) for 2016, except in certain circumstances.
October 11 Individuals: Reporting September tip income, $20 or more, to employers (Form 4070).
October 17 Individuals: Filing a 2015 income tax return (Form 1040, Form 1040A or Form 1040EZ) and paying any tax, interest and penalties due, if an automatic six-month extension was filed (or if an automatic four-month extension was filed by a taxpayer living outside the United States).

Individuals: Making contributions for 2015 to certain retirement plans or establishing a SEP for 2015, if an automatic six-month extension was filed.

Individuals: Filing a 2015 gift tax return (Form 709) and paying any tax, interest and penalties due, if an automatic six-month extension was filed.

Calendar-year partnerships: Filing an income tax return for 2015 (Form 1065-B), if an automatic six-month extension was filed.

October 31 Employers: Reporting income tax withholding and FICA taxes for third quarter 2016 (Form 941) and paying any tax due.
November 10 Individuals: Reporting October tip income, $20 or more, to employers (Form 4070).

Employers: Reporting income tax withholding and FICA taxes for third quarter 2016 (Form 941), if you deposited on time and in full all of the associated taxes due.

November 15 Exempt organizations: Filing a 2015 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF), if an additional three-month extension was previously filed.
December 12 Individuals: Reporting November tip income, $20 or more, to employers (Form 4070).
December 15 Calendar-year corporations: Paying the fourth installment of 2016 estimated income taxes.
December 30 Employers: Establishing a retirement plan for 2016 (generally other than a SIMPLE, a Safe-Harbor 401(k) or a SEP).

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