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Tax Season Deadlines for 2019

Thursday, January 31
  • W-2 and 1099-MISC forms must be supplied to employees by this deadline (W-2s to all employees; 1099-MISCs to any independent contractors and vendors who performed work for your business in 2018).
  • W-2 and 1099-MISC summation form filing deadline for employers and small businesses. W-2s + linked Form W-3 go to the Social Security Administration, 1099s + linked Form 1095 to the I.R.S.
  • Form 940 (Federal Unemployment Tax Report) and Form 941 (Employer’s Quarterly Federal Tax Form) are also due to the I.R.S. on this date.1,2,3
Friday, February 15
  • Deadline to pay employee bonuses that qualify toward 2018 business taxes.2
Friday, March 15
  • Deadline for calendar-year S corporations to file Form 1120S.
    • The extended deadline: September 16.2
  • Deadline for partnerships to file Form 1065.
    • The extended deadline: September 16.2
Monday, April 15
  • Federal income tax deadline for individuals and sole proprietors.
    • The extended deadline: October 15.2
  • Form 1120/1120s filing deadline for calendar-year C corporations.
    • The extended deadline: October 15.2
  • Form 1041 filing deadline for trusts and estates.
    • The extended deadline: October 1.4
  • Deadline to make 2018 IRA contributions to retirement plans for TY 2018.5
Wednesday, May 15
  • Form 990 filing deadline for tax-exempt organizations (qualified nonprofits and charities).
    • The extended deadline: August 15.2
Wednesday, July 31
  • Form 5500 filing deadline for calendar-year employee benefit plans
    • The extended deadline: October 15.6

Scarlet Oak Financial Services can be reached at 800.871.1219 or contact us here.  Click here to sign up for our weekly newsletter with the latest economic news.

Source

This Special Report is not intended as a guide for the preparation of tax returns. The information contained herein is general in nature and is not intended to be, and should not be construed as, legal, accounting or tax advice or opinion. No information herein was intended or written to be used by readers for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. Readers are cautioned that this material may not be applicable to, or suitable for, their specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. Readers are encouraged to consult with professional advisors for advice concerning specific matters before making any decision. Both Scarlet Oak Financial Services/ Faye Sykes and MarketingPro, Inc. disclaim any responsibility for positions taken by taxpayers in their individual cases or for any misunderstanding on the part of readers. Neither Scarlet Oak Financial Services, Faye Sykes, nor MarketingPro, Inc. assume any obligation to inform readers of any changes in tax laws or other factors that could affect the information contained herein.

This material was prepared by MarketingPro, Inc. for use by Scarlet Oak Financial Services and Faye Sykes.

Citations.

1 – cnbc.com/2019/01/08/irs-confirms-tax-season-to-start-jan-28-despite-government-shutdown.html [1/8/19]

2 – blog.indinero.com/2019-business-tax-deadlines [6/1/18]

3 – thebalancesmb.com/payroll-tax-deadlines-for-january-and-february-3974577 [1/4/19]

4 – taxact.com/support/24459/2018/irs-filing-deadlines [1/10/19]

5 – trustetc.com/resources/investor-awareness/contribution-limits [11/1/18]

6 – shrm.org/resourcesandtools/hr-topics/benefits/pages/agencies-preview-form-5500-for-2019-filings-while-revamp-delayed.aspx [11/26/18]

7 – forbes.com/sites/kellyphillipserb/2018/11/15/irs-announces-2019-tax-rates-standard-deduction-amounts-and-more [11/15/18]

8 – fool.com/taxes/2018/12/15/your-2019-guide-to-the-alternative-minimum-tax.aspx [12/15/18]

9 – paychex.com/articles/compliance/aca-individual-mandate-penalty-reduced-2019 [12/21/18]

10 – foxbusiness.com/business-leaders/amazon-ceo-jeff-bezos-divorce-subject-to-these-tax-changes [1/10/19]

11 – forbes.com/sites/ashleaebeling/2018/11/01/irs-announces-2019-retirement-plan-contribution-limits-for-401ks-and-more/ [11/1/18]

12 – irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000 [11/27/18]

13 – forbes.com/sites/ashleaebeling/2018/11/15/irs-announces-higher-2019-estate-and-gift-tax-limits [11/15/18]

14 – taxfoundation.org/2019-tax-brackets [11/28/18]

15 – thebalance.com/lifetime-learning-tax-credit-3192933 [1/11/19]

16 – tinyurl.com/ycdgvpr5 [1/14/19]

17 – investrustwealthmanagement.com/2018/09/27/what-are-the-new-rules-for-401k-hardship-withdrawals/ [9/27/18]

18 – tax.thomsonreuters.com/news/moves-that-will-maximize-the-new-deduction-for-pass-through-income [12/12/18]

19 – shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2019.aspx [12/19/18]

20 – irs.gov/pub/irs-pdf/p334.pdf [2019]

21 – tinyurl.com/ycd6bl8q [12/14/18]

22 – medicareresources.org/faqs/what-kind-of-medicare-benefit-changes-can-i-expect-this-year/ [10/15/18]

23 – forbes.com/sites/howardgleckman/2019/01/15/the-new-1040-will-fit-on-a-big-postcard-but-it-wont-make-tax-filing-any-simpler [1/15/19]