Summit CPA's Profit Focused Accounting Blog

Important Tax Deadlines Are Near! Our CPA’s Are Here To Assist You

                                               LOOMING DEADLINES                      
  

On January 31, there are two tax deadlines that may affect you. The clock is ticking. Avoid late fees and penalties, get your paper work in early to our CPA’s so you meet the deadlines.

* January 31 - Employers must furnish employees with W-2 statements for 2011. 1099 information statements for 2011 must be furnished by payers. (Deadline for 1099-B and consolidated statements is February 15.)

* January 31 - Employers must generally file 2011 federal unemployment tax returns and pay any tax due.

Here is a list of more tax deadlines to mark on your calendars in the coming months:

February 15 – Deadline for providing 2011 Forms 1099-B and 1099-S to recipients.

February 28 – Payers must file 2011 information returns (such as 1099s) with the IRS. (Electronic filers have until April 2 to file.)

February 29 – Employers must send 2011 W-2 copies to the Social Security Administration. (Electronic filers have until April 2 to file.)

March 1 – Farmers and fishermen who did not make 2011 estimated tax payments must file 2011 tax returns and pay taxes in full.

March 15 – 2011 calendar-year corporation income tax returns are due.

We can help you beat the tax deadlines. Contact us at (260) 497-9761 to speak to our financial advisors.