Add These Important Tax Deadlines to Your 2019 Calendar!

Dear Client, We hope that ’19 is off to a great start!

It’s early February and it’s time schedule your tax appointment for your 2018 tax preparation!

Past Due: 1099 Forms Were Due January 31st

If you paid a contractor $600 or more in 2017, then you must provide 1099 forms to those contractors by January 31st.  For 1099 help contact Katheryn@taxplus.com.

AVOID PENALTIES!  City of LA Business Tax Renewals Deadline is February  28th

If you do ANY work as an independent contractor, through self-employment or as a business owner in the City of LA, the business tax registrations and renewals are due by February 28th.  This requirement applies to business entities such as LLC’s, S-Corp.s, C-Corp.s, etc…   If you do not register by the deadline you will pay penalties even if you were eligible for an exemption. For more information visit: http://finance.lacity.org/.

S Corporation and Partnership Tax Filing Deadline is March 15th

S corporation (Form 1120S) and partnership (Form 1065) tax returns for entities who use the calendar tax year are due March 15th. You may request an automatic 6-month extension to file which extends your deadline to file to September 15th.

Individual Tax Returns Tax Filing Deadline is April 15th

Individual (1040) tax returns are due April 15th. Remember it is an extension to file, not an extension to pay your taxes. If we determine that there is a balance due on the return, penalties and interest will be assessed in addition to the tax.  You may request an automatic 6-month extension to file which extends your deadline to file to October 15th.

California Single Member LLCs Tax Filing Deadline is April 15th

Single Member LLCs (Form 568) not owned by a pass-through entity are due on April 15th. The minimum franchise tax fee is due with the extension to file. You may request an automatic extension to file which extends your deadline to file to October 15th.

C Corporation Tax Filing Deadline is April 15th

C corporation (1120) tax returns are due April 15th. You may request an automatic extension to file which extends your deadline to file to October 15th.

IF YOU REQUIRE AN EXTENSION WE HAVE TO BE NOTIFIED BY E-MAIL OR PHONE CALL BEFORE THE RESPECTIVE DEADLINE.  

Please contact Izaira at (310) 398-3231 or Izaira@taxplus.com to coordinate a tax meeting with one of our Enrolled Agents.

We look forward to working with you!   

TaxPlus Team