2016 Tax Return Deadlines & Forms

Happy New Year Folks! Listed below are important dates for the 2016 Tax Return season!

Also- This year Magnolia Management will be donating 5% of all tax fees to the ACLU, Planned Parenthood, Black Lives Matter and Standing Rock.   I’ll report back monthly beginning in March the total we raise for these causes. xoxoxox

JANUARY 15th, 2017:  Final 2016 Estimated Tax Payment Due

FEBRUARY 1, 2017: 1099 filings due to recipients (for business and self employed folk) In order to meet this deadline, we will need completed W9s by January 15th, 2017.  As a general rule, you should issue a 1099 to each person you have paid at least $600 in rents, services (including parts and materials), prizes and awards.  Here is the link to the IRS Form W9.

MARCH 15, 2017:  Business returns due (S-corporation, C-corporation and Partnerships).  In order to meet this deadline we will need a backup of your company’s books and all supporting documentation by March 1, 2017.

APRIL 18, 2017:  Individual, Estate and Trust returns due.  In order to meet this deadline we will need all your tax documentation by March 15, 2017.  

MAY 15th, 2017: Exempt organization returns due (non profits acting on a calendar year) if you use a fiscal year, your tax returns are due on the 15th day following your 5th month after the end of your organizations accounting period.

Here is a link to the 2016 Tax Organizer!

Many Happy Returns to you!

Marian & Allie

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