JS
Certified Public Accountant
James Shum, CPA
IMPORTANT TAX DEADLINES
Knowing when and what you have to file can save you a lot of headaches at tax time. To avoid paying penalties, mark your calendar with the following important tax deadlines.
JANUARY 15, 2015
4th Quarter 2014 Estimated Tax Payment Due
If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, 2015.
SEPTEMBER 15, 2015
3rd Quarter 2015 Estimated Tax Payment Due
If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked by Sept. 15, 2015.
JANUARY 15, 2015
4th Quarter 2015 Estimated Tax Payment Due
If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, 2016.
APRIL 15, 2015
Individual Tax Returns Due for Tax Year 2014
If you haven't applied for an extension, e-file or postmark your individual tax returns by midnight April 15, 2015.
Individual Tax Return Extension Form Due for Tax Year 2014
Need more time to prepare your tax return? File your request for a tax extension by April 15 to push your deadline back to October 15, 2015.
1st Quarter 2015 Estimated Tax Payment Due
If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, get your Form 1040-ES postmarked by April 15, 2015.
Last Day to make a 2014 IRA Contribution
If you haven't already funded your retirement account for 2014, do so by April 15, 2015. That's the deadline for a contribution to a traditional IRA, deductible or not, and a Roth IRA. However, if you have a Keogh or SEP and you get a filing extension to October 15, 2015, you can wait until then to put 2014 money into those accounts.
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JUNE 15, 2015
2nd Quarter 2015 Estimated Tax Payment Due
If you are self-employed or have other second-quarter income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked by June 15, 2015.
OCTOBER 15, 2015
Extended Individual Tax Returns Due
If you got a filing extension on you
are 2014 tax return, you need to get it completed and postmarked by October 15, 2015.
Last Chance to Recharacterize 2014 Roth IRA Conversion
If you converted a traditional IRA to a Roth during 2014 and paid tax on the conversion with your 2014 return, October 15, 2015 is the deadline for recharacterizing (undoing) the conversion. Doing so could save you money if the IRA has lost money since the time of the original conversion.
