We want to provide you with important tax dates and tax deadlines during 2016. Keep this list for reference throughout 2016! Check the list to ensure you have met all tax filing obligations for these dates.

January 15, 2016

January 15^th is the tax deadline for self-employed people and for others who pay quarterly estimated tax to pay their 4^th quarter 2015 tax payment.

 January 19,  2016

January 19^th is the day that the Internal Revenue Service(IRS) begins accepting individual electronic tax returns. If you are looking for free filing software,  go to https://apps.irs.gov/app/freeFile/jsp/index.jsp?ck

February 1, 2016

February 1^st is the day that companies are required to mail out W-3 Forms to all of their employees during the calendar year January 1^st to December 31^st 2015.  Employers are also required to send 1099 Statements reporting non-employee compensation, bank interest, dividends and distributions from a retirement plan.

February 1^st is also the deadline for self-employed individuals to “file and pay in full their fourth quarter estimated tax payment and avoid a penalty”.

February 16, 2016

February 16^th  is the deadline financial institutions must mail out Form 1099-B which detail sales of stock, bonds or mutual funds through a brokerage account; Form, 1099-S which details real estate related transactions; and Form 1099-MISC that details other income such as rent, prizes, awards, gambling winnings and royalty payments.

February 29, 2016

February 29^th  offers a special tax deadline to farmers and fisherman. If there is any balance due on their individual tax returns the balance must be paid.

April 18, 2016

April 15^th is the deadline for individual tax returns for 2015 or to request an automatic extension for another 6 months to file your tax return. Although the tax deadline is April 15^th this year is Emancipation Day, a Washington DC holiday. This pushes the April 15^th deadline to April 18^th in 2016.

April 15^th is also the last day you can make a contribution to a traditional IRA, ROTH IRA, Health Savings Account(HSA), SEP-IRA od 401K for the 2015 tax year.

April 15^th is also the final tax deadline to file a tax return that was due 3 years prior or an amended tax return and still claim a tax refund.

April 19, 2016

April 19th is the deadline to file federal income tax returns in Maine and Massachusetts due to Patriots Day on April 18^th.

June 15, 2016

June 15^th is the tax deadline for United States Citizens living abroad. They must also pay any estimated tax due on this date or file a 4 month extension.

June 30, 2016

June 30^th is the tax deadline for taxpayers who have over $10,000 in total foreign bank accounts. Taxpayers must file a Foreign Bank Account Report for the tax year ending December 31, 2015. Find an FBAR Reporting Tax Expert at www.taxconnections.com 

October 17, 2016

October 17^th is the final tax deadline if you previously filed an extension for your 2015 individual tax return.

 

October 17^th is the final tax deadline to fund a SEP-IRA or solo 401K plan for the tax year 2015.