Clouds

Are the Clouds Clearing Over the 2018 Tax Season?

With the partial government shutdown last month and the possibility of another shutdown looming, there has been a lot of talk about the IRS and filing taxes for 2018.  Regardless if lawmakers pass a budget in the coming weeks and keep the government open or not, tax laws remain in effect and deadlines stay the same.  The IRS has said that tax returns will be processed and tax refunds will be issued regardless of a government shutdown.

Upcoming dates to remember:

 

Deadline : March 15, 2019

Tax filing deadline for S corporations (Form 1120-S)

Tax filing deadline for Partnerships (Form 1065)

S corporations and Partnerships NOT filing by this deadline will need to file for an extension by March 15, 2019.

 

Deadline : April 15, 2019

Tax filing deadline for individuals (Forms 1040, 1040A, or 1040EZ)

Tax filing deadline for Corporations (Form 1120)

If you pay taxes on a quarterly basis, the first estimated quarterly tax payment for 2019 is due April 15, 2019.

Individuals and Corporations NOT filing by this deadline will need to file for an extension by April 15, 2019.

 

Deadline : June 15, 2019

If you pay taxes on a quarterly basis, the second estimated quarterly tax payment for 2019 is due June 15, 2019.