Upcoming Tax Deadlines for 2016

1/5/2016

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A new year means tax return filing season has arrived once again. Among the tax deadlines you may be required to meet in the next few months are the following:

January 15 – Due date for the fourth and final installment of 2015 estimated tax for individuals (unless you file your 2015 return and pay any balance due by February 1)

February 1 – Employers must furnish 2015 W-2 statements to employees. Payers must furnish 1099 information statements to payees (The deadline for Form 1099-B and consolidated statements is February 16)
February 1 – Employers must generally file 2015 federal unemployment tax returns and pay any tax due
February 29 – Payers must file information returns (except Forms 1095-B and 1095-C) with the IRS (March 31 is the deadline if filing electronically)
February 29 – Employers must send W-2 copies to the Social Security Administration (March 31 is the deadline if filing electronically)
March 31 – Large employers must furnish Form 1095-C to employees
May 31 – Forms 1095-B and 1095-C due to IRS (June 30 is the deadline if filing electronically)

This general information should not be acted upon without first determining its application to your specific situation. Please contact your CPA or tax advisor for additional details.

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Successfully meeting the challenges inherent to new and smaller businesses provides me with a special type of satisfaction.

Supporting businesses that have the potential to become amazing – from both the perspective of owners and team members as well as their clients – is what I enjoy.

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