January 17th
Individuals
Make a payment of your estimated tax for 2016 if you didn’t pay your income tax for the year through withholding (or didn’t pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2016 estimated tax payments. However, you don’t have to make this payment if you file your 2016 return (Form 1040) and pay any tax due by January 31, 2017.
Farmers and fishermen
Pay your estimated tax for 2016 using Form 1040-ES. You have until April 18 to file your 2016 income tax return (Form 1040). If you don’t pay your estimated tax by January 17, you must file your 2016 return and pay any tax due by March 1, 2017, to avoid an estimated tax penalty.
January 31st
Individuals who must make estimated tax payments
If you didn’t pay your last installment of estimated tax by January 17, you may choose (but aren’t required) to file your income tax return (Form 1040) for 2016 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you can’t file and pay your tax by January 31, file and pay your tax by April 18.
Businesses/Self Employed
File Form W-3 with Copy A of all Forms W-2 issued for 2016.
February 15th
Individuals
If you claimed exemption from income tax withholding last year on the Form W-4, Employee’s Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.
Businesses/Self Employed
File a new Form W-4 if you claimed exemption from income tax withholding in 2016.
March 15th
Partnerships
File a 2016 calendar year return (Form 1065). Provide each partner with a copy of their Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc., or substitute Schedule K-1. To request an automatic 6 month extension of time to file the return, file Form 7004. Then file the return and provide each partner with a copy of their final or amended (if required) Schedule K-1 by September 15.
Electing large partnerships
File a 2016 calendar year return (Form 1065-B). Provide each partner with a copy of their Schedule K-1, Partner’s Share of Income (Loss) From an Electing Large Partnership, or substitute Schedule K-1. This due date for providing Schedule K-1 applies even if the partnership requests an extension of time to file Form 1065-B. To request an automatic 6 month extension of time to file the return, file Form 7004. Then file the return and provide each partner with a copy of their amended (if required) Schedule K-1 by September 15.
S corporations
File a 2016 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of their Schedule K-1, Shareholder’s Share of Income, Deductions, Credits, etc., or substitute Schedule K-1. To request an automatic 6 month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in tax. Then file the return; pay any tax, interest, and penalties due; and provide each shareholder with a copy of their Schedule K-1 by September 15.
S corporation election
File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2017. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2018.
April 18th
Individuals
File a 2016 income tax return (Form 1040, 1040-A, or 1040-EZ) and pay any tax due. If you want an automatic 6 month extension of time to file the return, file Form 4868. For more information, see Form 4868. Then, file Form 1040, 1040-A, or 1040-EZ by October 16.
Corporations
File a 2016 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6 month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes.
FBAR
This is not a typo! This is the first year that the FBAR (or FinCEN Form 114, Report of Foreign Bank and Financial Accounts) is due on April 15th (technically this year it will be April 17th since the 15th falls on a Saturday). In prior years, it was due June 30th. Also new this year, a 6 month extension is applied if you do not file your FBAR on time. You do not need to request this extension, it is automatic and the due date will be October 15th (this year, the 15th falls on a Sunday so it will be due October 16th).
June 2017
Individuals
If you’re a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. Otherwise, see April 18. If you want additional time to file your return, file Form 4868 to obtain 4 additional months to file. Then, file Form 1040 by October 16. However, if you’re a participant in a combat zone, you may be able to further extend the filing deadline.
September 15th
Individuals
Make a payment of your 2017 estimated tax if you’re not paying your income tax for the year through withholding (or won’t pay in enough tax that way). Use Form 1040-ES. This is the third installment date for estimated tax in 2017.
Partnerships
File a 2016 calendar year return (Form 1065). This due date applies only if you timely requested an automatic 6 month extension. Otherwise, see March 15. Provide each partner with a copy of their final or amended Schedule K-1 (Form 1065) or substitute Schedule K-1.
S corporations
File a 2016 calendar year income tax return (Form 1120-S) and pay any tax due. This due date applies only if you timely requested an automatic 6 month extension of time to file the return. Otherwise, see March 15. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120-S) or substitute Schedule K-1.
Electing large partnerships
File a 2016 calendar year return (Form 1065-B). If required, provide each partner with an amended copy of their Schedule K-1 or substitute Schedule K-1. This due date applies only if you timely requested a 6 month extension of time to file the return. Otherwise, see March 15. Provide each partner with a copy of their final or amended Schedule K-1 or substitute Schedule K-1.
Additional Extension Dates
October 16th is the due dates for individuals who are on extension. And December 15th is the due date for expats who are on permissive extension.
If you need any assistance with tax prep, tax planning, or Domestic or International resolution, contact us. Call 888-727-8796 or email info@irsmedic.com.
