At Opsahl Dawson, we focus on our clients’ financial and business success all year-round, not just during the busy tax season. When you work with us, we’ll work with you throughout the year, making sure you’re staying on top of important deadlines and planning for the future.
To help you get started, here’s a quick rundown of 12 important tax dates for 2017:
Important Winter Dates
1. January 1, 2017
The first day to file 2016 paper tax returns! But remember the IRS won’t accept e-filed returns until later in the year. And while you can file paper returns on New Year’s Day, they won’t be processed until later in January.
2. January 23, 2017
On January 23rd, you can e-file your tax returns and the IRS will begin processing paper returns as well.
3. January 31, 2017
You should’ve received all of your W-2 forms from 2016 by the end of January. If not, contact the HR or payroll department for any company who hasn’t sent a W-2 yet.
4. February 1, 2017
The first of February is the deadline for 1099 statements that report non-employee compensation, bank interest, dividends, and distributions from retirement plans.
5. February 16, 2017
Banks and financial institutions must mail 1099-B, 1099-MISC, and 1099-S forms.
6. March 15, 2017
All S Corp and Partnership tax returns are due on March 15th.
Spring & Summer Dates
7. April 18, 2017
There’s a lot going on today!
- Because April 15th falls on a Saturday in 2017, April 18th is tax day! You must file your federal income tax returns and extension requests by this date.
- April 18 is also the last day to make Roth or Traditional IRA, 401K, and HSA contributions for the 2016 tax year.
- It’s also the final day to file taxes and extension requests for your state income taxes (if applicable).
- Corporations must file their quarterly estimated taxes by this date as well.
- FBAR (Foreign Bank Account Report) forms are due for any taxpayer who has over $10,000USD in foreign bank accounts. Important: In years past, the deadline was June 30 but new legislation moved it up to April 18.
- If you DON’T file an extension you have to make your SEP contribution for 2016 by today. If you file an extension you have until October 16th to make those payments. If you miss out on this, it could mean losing out on thousands of dollars!
9. June 15, 2017
If you’re a US citizen living outside the United States you must file and pay taxes by today– or request a 4-month extension.
Corporations must file and pay quarterly estimated taxes by this date.
10. September 15, 2017
Corporations must file their quarterly estimated taxes by this date.
Important Fall Dates
11. October 15, 2017
If you were approved for an extension, this is the final day to file federal, state and S-Corp/Partnership income tax returns. This is also the deadline for 2016 SEP contributions if
12. December 15, 2017
Corporations must file and pay their next quarterly estimated taxes by this date.
Want Someone To Keep Your Financial Calendar For You?
Whether you’re a business owner or just trying to minimize your personal tax liability, the CPAs at Opsahl Dawson can help. We’ll work with you throughout the year to make sure you’re meeting important deadlines, keeping the right records, and doing everything possible to maximize your deductions and tax refunds.
Learn more about our services in the Vancouver & Portland metro areas.