Tax Calendar - 2017

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Tax Calendar - 2017

Here is a Quarter 1 calendar of the key tax-filing deadlines for 2017
Note: If a regular due date falls on a weekend or a national holiday, it is postponed to the next business day. If you operate on a fiscal-year schedule for tax purposes, rather than the usual calendar-year schedule, your due dates for each quarter will line up differently.

Using the 2017 calendar, here's how you should calculate your deadlines:

Personal tax deadlines

Annual tax returns - Your personal tax return (Form 1040) is due on the 15th day of the fourth month following the close of your tax year.

Estimated tax payments - The first three quarterly installments of estimated tax (Form 1040-ES) are due on the 15th day of the fourth, sixth and ninth months of your tax year. The fourth and final installment is due on the 15th day of the first month following the close of your tax year.

Corporate tax deadlines

Annual tax returns - Your annual corporate return (Form 1120 or 1220-S) is due on the 15th day of the third month following the close of your corporation's tax year. S corporations must provide each shareholder with a copy of Schedule K-1 or a substitute Schedule K-1.

Estimated tax payments - The quarterly installments of estimated taxes are due on the 15th day of the fourth, sixth, ninth and 12th months of the corporation's tax year.

Switching to an S corp - The deadline is the 15th day of the third month of the year in which you want the election to apply. Make the election anytime in the preceding tax year (Form 2553).

Partnership tax deadlines

Annual returns - Your annual partnership return (Form 1065) is due on the 15th day of the fourth month following the close of the partnership's tax year. Partnerships must provide each partner with a copy of Schedule K-1 or a substitute Schedule K-1.

January 2017

  • During January:

    All Employers - Give your employees their copies of Form W-2 for 2016 by January 31, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.

    All Businesses - Give annual information statements to recipients of certain payments you made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient.

  • Janurary 10:

    Employees - who work for tips. If you received $20 or more in tips during December 2016, report them to your employer. You can use Form 4070 Employee's Report of Tips to Employer.
  • January 17:

    Individuals - Make a payment of your estimated tax for 2016 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2016 estimated tax. However, you do not have to make this payment if you file your 2016 return (Form 1040) and pay any tax due by January 31, 2017.

    Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    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 do not 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 31:

    Individuals - who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 17, you may choose (but are not 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, 2017, prevents any penalty for late payment of the last installment. If you cannot file and pay your tax by January 31, file and pay your tax by April 18.

    Employers - File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2016. If you file Forms W-2 electronically your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms is still January 31.

    Businesses - Give annual information statements to recipients of certain payments made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date only applies to certain types of payments.

    Health Coverage Reporting - Applicable Large Employers. Provide Form 1095­C to full­time employees. For all other providers of minimum essential coverage, provide Form 1095­B to responsible individuals. Notice 2016 70 extends the due date for providing individuals the 2016 Form 1095­B and the 2016 Form 1095­C from January 31, 2017, to March 2, 2017.

February 2017

  • During January:

    All Employers - Give your employees their copies of Form W-2 for 2016 by January 31, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.

    All Businesses - Give annual information statements to recipients of certain payments you made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient.

  • Janurary 10:

    Employees - who work for tips. If you received $20 or more in tips during December 2016, report them to your employer. You can use Form 4070 Employee's Report of Tips to Employer.
  • January 17:

    Individuals - Make a payment of your estimated tax for 2016 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2016 estimated tax. However, you do not have to make this payment if you file your 2016 return (Form 1040) and pay any tax due by January 31, 2017.

    Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    Employers - Nonpayroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    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 do not 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 31:

    Individuals - who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 17, you may choose (but are not 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, 2017, prevents any penalty for late payment of the last installment. If you cannot file and pay your tax by January 31, file and pay your tax by April 18.

    Employers - File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2016. If you file Forms W-2 electronically your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms is still January 31.

    Businesses - Give annual information statements to recipients of certain payments made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date only applies to certain types of payments.

    Health Coverage Reporting - Applicable Large Employers. Provide Form 1095­C to full­time employees. For all other providers of minimum essential coverage, provide Form 1095­B to responsible individuals. Notice 2016 70 extends the due date for providing individuals the 2016 Form 1095­B and the 2016 Form 1095­C from January 31, 2017, to March 2, 2017.

March 2017

  • During January:

    All Employers - Give your employees their copies of Form W-2 for 2016 by January 31, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.

    All Businesses - Give annual information statements to recipients of certain payments you made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient.

  • Janurary 10:

    Employees - who work for tips. If you received $20 or more in tips during December 2016, report them to your employer. You can use Form 4070 Employee's Report of Tips to Employer.
  • January 17:

    Individuals - Make a payment of your estimated tax for 2016 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2016 estimated tax. However, you do not have to make this payment if you file your 2016 return (Form 1040) and pay any tax due by January 31, 2017.

    Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    Employers - Nonpayroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in December 2016.

    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 do not 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 31:

    Individuals - who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 17, you may choose (but are not 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, 2017, prevents any penalty for late payment of the last installment. If you cannot file and pay your tax by January 31, file and pay your tax by April 18.

    Employers - File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2016. If you file Forms W-2 electronically your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms is still January 31.

    Businesses - Give annual information statements to recipients of certain payments made during 2016. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date only applies to certain types of payments.

    Health Coverage Reporting - Applicable Large Employers. Provide Form 1095­C to full­time employees. For all other providers of minimum essential coverage, provide Form 1095­B to responsible individuals. Notice 2016 70 extends the due date for providing individuals the 2016 Form 1095­B and the 2016 Form 1095­C from January 31, 2017, to March 2, 2017.

 

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