Wednesday, September 5, 2012

Don't miss these upcoming tax deadlines


Several important tax deadlines are coming up between
now and the end of the year. Check the list below to
see if any apply to you or your business.

* September 17 - Due date for the third quarter
  installment of 2012 individual estimated income tax.

* September 17 - Filing deadline for 2011 tax returns
  for calendar-year corporations that received an
  extension of the March 15 filing date.

* September 17 - Filing deadline for 2011 partnership
  tax returns that received an extension of the April 17
  filing date.

* October 1 - Generally, the deadline for self-employed
  individuals and small businesses to establish a SIMPLE
  retirement plan for 2012.

* October 15 - Filing deadline for 2011 individual
  income tax returns that received an extension of the
  April 17 filing date.

* October 15 - Deadline for undoing a 2011 conversion
  of a regular IRA to a Roth IRA and switching the Roth
  back to a regular IRA without penalty.

* December 31 - Deadline for small nonprofit organizations
  that lost their tax-exempt status to file an application
  for reinstatement and pay a reduced application fee
  of $100.

* December 31 - Deadline for taking a required minimum
  withdrawal from an IRA or other retirement plan for
  2012, or face a penalty of 50% of the required
  withdrawal not taken.

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