The Tax Calendar

Scarsdale accountant Paul Herman has all the answers to your personal finance questions! Mark your calendars and stay on top of your taxes with these important dates in the tax world:

October 15 — Personal returns that received an automatic six-month extension must be filed today and any tax, interest, and penalties due must be paid.

— Electing large partnerships that received an additional six-month extension must file their Forms 1065-B today.

— If the monthly deposit rule applies, employers must deposit the tax for payments in September for social security, Medicare, withheld income tax, and nonpayroll withholding.

October 31 — The third quarter Form 941 (Employer’s Quarterly Federal Tax Return) is due today and any undeposited tax must be deposited.

Add these tax dates to your calendar to stay on top of your finances!

(If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until November 12 to file the return.

— If you have employees, a federal unemployment tax (FUTA) deposit is due if the FUTA liability through September exceeds $500.

November 15 — If the monthly deposit rule applies, employers must deposit the tax for payments in October for social security, Medicare, withheld income tax, and nonpayroll withholding.

December 16 — Calendar-year corporations must deposit the fourth installment of estimated income tax for 2013.

— If the monthly deposit rule applies, employers must deposit the tax for payments in November for social security, Medicare, withheld income tax, and nonpayroll withholding.

Scarsdale CPA Paul Herman is here to help you with all your personal finance needs. Please contact us for all inquiries and to receive your free personal finance consultation!

Herman and Company CPA’s proudly serves Bedford NY, Bedford Hills NY, Harrison NY, Purchase NY, Rye Brook NY, Scarsdale NY, Greenwich CT and beyond.

Photo Credit: photosteve101 via Photopin cc