2016 Important Tax Filing Dates And Tax Deadlines To Know

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

 January 19,  2016

January 19th 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 1st is the day that companies are required to mail out W-3 Forms to all of their employees during the calendar year January 1st to December 31st 2015.  Employers are also required to send 1099 Statements reporting non-employee compensation, bank interest, dividends and distributions from a retirement plan.

February 1st 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 16th  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 29th  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 15th 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 15th this year is Emancipation Day, a Washington DC holiday. This pushes the April 15th deadline to April 18th in 2016.

April 15th 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 15th 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 18th.

June 15, 2016

June 15th 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 30th 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 17th is the final tax deadline if you previously filed an extension for your 2015 individual tax return.

 

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

Kat Jennings, TaxConnections, CEO and Founder and Advisory Team provides three areas of services: 1) Internationally recognized, retained executive search services for multinational corporations, public accounting firms, and law firms; 2) Introductions of sellers to buyers of small and medium size accounting firms; and 3) Provide brand building and education services that support and prepare accounting firm owners to buy/sell an accounting practice. We focus on educating the journey to sell a practice and how to increase firm revenue prior to any sale. Our program ensures you start years prior to a sale by learning what is expected of you during the selling process, and introducing firm Partners to cross selling opportunities that are easy to implement and reduce your workload at the same time. We introduce you to value added connections to smartly grow revenue in your accounting practice.

Kat Jennings has been retained by organizations worldwide to locate tax professionals with highly specialized tax knowledge and expertise. She has a thorough understanding of the tax business community, with a proven record of stellar performances matching professionals with organizations. Bringing two parties together to work successfully is the art of understanding personalities, cultural fit, expectations by both parties, flexible or inflexible work environments, understanding what drives and motivates each party, and revolves around the personality and ethics of each executive team.

Kat is a widely recognized expert in high level, tax executive search, as well as connecting buyers and sellers of accounting firms. TaxConnections provides and educates small to medium size accounting firms owners and Partners how to prepare and sell their firms so they can build a succession plan for their retirement. With larger firms seeking to acquire smaller accounting practices, there is a real need to help firm owners prepare to be acquired. Most firm owners are unaware they are not ready to sell when they decide to retire. TaxConnections educates firm owners’ what they need to do years in advance of selling an accounting firm practice.
Senior tax executives expect the utmost privacy when being introduced to multinational organizations about a new tax opportunity under consideration. Having said that, companies searching for a new head of tax expecting tax executive candidates to submit their resume through a resume portal, will never see a full slate of outstanding tax executives available due to a candidates’ desire for greater privacy. This is why privacy focused Uber Tax Recruiters consistently outperform in-house recruiters on tax executive searches.

We offer our clients a Performance Retainer Agreement arrangement so their HR department can still recruit and compete with the tax candidates we present on Head of Tax searches. The client pays us a partial fee upfront, and if they find a candidate they deem better than we introduce to them, we forfeit the final fee. Most of the time, they love and prefer our private introductions to tax executive candidates better than what they source through their own resume portals.

When we represent selling/buying small to medium-sized firms, firm owners/partners also demand greater privacy when considering the sale of their practice. TaxConnections provides a safe place to discuss their business needs, elevate their practices’ online reputation, and increase revenue through new streams of business development by outsourcing work and partnering with other firms. Over three decades, we have worked tirelessly to build relationships between firm owners most organizations rarely have access to in the world of tax. There are numerous possibilities you may never have considered previously to bolster the value of your practice and service offerings.

As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric,General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wal-Mart, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@taxconnections.com to request a private consultation regarding the sale of your practice, adding top talent to your organization, or merging your practice with another firm owner with a book of business. The possibilities are endless; if you have a dream of a new vision for your professional life; we will scout opportunities throughout the market to make it happen.

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