Major Tax
Deadlines for April 2010
April 15 - Individual income tax
returns for 2009 are due.
April 15 - 2009 calendar-year
partnership returns are due.
April 15 - 2009 annual gift tax
returns are due.
April 15 - 2009 income tax returns
for calendar-year trusts and estates are due.
April 15 - Deadline for making
2009 IRA contributions.
April 15 - Deadline for
employers to make contributions to certain retirement plans.
April 15 - First installment of
2010 individual estimated tax is due.
April 15 - Deadline for amending
2006 individual tax returns (unless the 2006 return had a filing extension).
April 15 - Deadline for original
filing of 2006 individual income tax return to claim a refund of taxes. Each
year some taxpayers have tax refunds due them for prior years, and unless a
return is filed to claim the refund by the three-year statute of limitations,
the refund is lost forever.
NOTE: Businesses are required
to make federal tax deposits on dates determined by various factors that differ
from business to business.
Payroll
tax deposits:
Employers generally must deposit Form 941 payroll taxes (income tax withheld
from employees' pay and both the employer's and employees' share of social
security taxes) on either a monthly or semiweekly deposit schedule. There are
exceptions if you owe $100,000 or more on any day during a deposit period, if
you owe $2,500 or less for the calendar quarter, or if your estimated annual
liability is $1,000 or less.
Monthly depositors are required to deposit
payroll taxes accumulated within a calendar month by the fifteenth of the
following month.
Semiweekly depositors generally must deposit
payroll taxes on Wednesdays or Fridays, depending on when wages are paid.
For more information on tax deadlines that apply
to you or your business, contact our office at (336) 838-4100 or email JFaw@ConcordePlanning.com.
