Happy New Year Folks! We made it around the sun once more. We are not currently able to take on any new clients for the 2017 filing season. So this information is for our returning clients only. Listed below are important dates for the 2017 Tax Return season!
Magnolia Management will be donating 5% of all tax fees to non profit organizations again this year!
JANUARY 17th, 2018: Final 2017 Estimated Tax Payments Due
FEBRUARY 1, 2018: 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, 2018. 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, 2018: S-corporation and Partnership returns due. In order to meet this deadline we will need a backup of your company’s books and all supporting documentation by February 20th 2018.
APRIL 17, 2018: Individual, Estate, Trust and C-corporation returns due. In order to meet this deadline we will need all your tax documentation by March 20th, 2018.
MAY 15th, 2018: 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.
Many Happy Returns to you!
Marian & Allie