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Below you will find links to tax calendars provided by the IRS and the state of California.


FILING DATES
Form (TY2015) Due Date (2016)
*unless fiscal rather than calendar year used
Extended Due Date (2016)
1040 (Individual Return) April 18 October 17
1041 (Fiduciary Return) April 18* September 15*
1065 (Partnership Return) April 18* September 15*
1120 or 1120-S (Corp. Return) March 15* September 15*
990 (Non-profit Organization) May 16* August 15* (November 15*)

Form (TY2016) Due Date (2017)
*unless fiscal rather than calendar year used
Extended Due Date (2017)
1040 (Individual Return) April 18 October 16
1065 (Partnership Return) March 15* September 15*
1120-S (S-Corp. Return) March 15* September 15*
1120 (Corp. Return) April 18* October 16*
1041 (Fiduciary Return) April 18* October 2*
990 (Non-profit Organization) May 15* November 15*
FinCEN 114 (FBAR) April 18 October 16
1099 & 1096 January 31 N/A
W-2 & W-3 January 31 N/A


STATUTE OF LIMITATIONS
Purpose Time (CA)
 Audit  3 years (4 years)
 Collections  10 years (20 years)
ESTIMATED TAX DUE DATES
(for individuals)
Quarter Due Date
1 4/18/2017
2 6/15/2017
3 9/15/2017
4 1/15/2018










• IRS e-file Refund Cycle Chart for 2017

If the IRS receives your return between these dates… Then your refund should be directed deposited by Then your refund check should be mailed by
Jan 16 – 22 Feb 3 Feb 8
Jan 23 – 29 Feb 10 Feb 15
Jan 30 – Feb 5 Feb 17 Feb 22
Feb 6 – 14 Feb 24 Mar 1
Feb 13 – 19 Mar 3 Mar 8
Feb 20  – 26 Mar 10 Mar 15
Feb 27 – Mar 5 Mar 17 Mar 22
Mar 6 – 12 Mar 24 Mar 29
Mar 13 – 19 Mar 31 Apr 5
Mar 20 – 26 Apr 7 Apr 12
Mar 27 – Apr 2 Apr 14 Apr 19
Apr 3 – 9 Apr 21 Apr 26
Apr 10 – 16 Apr 28 May 3
Apr 17 – 23 May 5 May 10
Apr 24 – 30 May 12 May 17

* For taxpayer-specific status, please use the IRS Refund Status tool



• When Age Matters

Here's an easy-to-reference list of ages at which various federal tax rules become relevant.

NOTE:  Common law dictates that a person is deemed to have reached a given age on the day before his birthday.  For example, a taxpayer whose 65th birthday is on January 1st, is considered to be age 65 as of December 31st of the prior year and, therefore, is eligible for an additional Standard Deduction amount for all of the prior year.  But due to several quirky IRS rulings regarding children, a child only attains a given age on the day (not the day before) he was born.

Age Applicable Tax Rule

0 (at birth)

Taxpayer may be entitled to claim dependency exemption for newborn child

13

Parent may no longer claim Child Care Credit for qualified dependent care expenses

17

Parent may no longer claim Child Tax Credit ($1,000)

18

  • Child is subject to Social Security taxes if employed by parent
  • Cannot make new contributions to child’s Coverdell Education Savings Account
  • Parents may not claim Adoption Credit ($13,400)

19

Child no longer qualifies as a dependent unless full-time student for at least 5 months during the year

24

  • Even if full-time student, child no longer qualifies as a dependent
  • Kiddie tax rules no longer apply

25

Minimum age to claim Earned Income Credit without a qualifying child

27

Parent no longer required to include child on family health plan

30

  • Balance of Coverdell Savings Account must be distributed or rolled over to an account for another qualifying family member
  • Balance of myRA must be rolled over into a ROTH account

40

May deduct the long-term care insurance premiums as a medical expense

50

  • Taxpayer entitled to make additional annual “catch-up” contributions ($1,000) to retirement plan
  • Qualified public safety employee not subject to penalty for early withdrawal from employer’s retirement plan

55

No early withdrawal penalty if taxpayer has separated from service

59½

No penalty for early withdrawal from retirement plan

62

Eligible for reduced Social Security benefits

65

  • Taxpayer entitled to higher Standard Deduction
  • Deduction for medical expenses must exceed 7.5% (not 10%) of AGI [through 12/31/16]
  • May no longer claim the Earned Income Credit without a qualifying child
  • No contributions to Health Savings Account allowed once eligible for Medicare

70

May no longer deduct the long-term care insurance premiums as a medical expense

70½

  • Subject to Excess Accumulation Penalty if Required Minimum Distribution (RMD) not taken from retirement account
  • May make a tax-free withdrawal from an IRA if using a Qualified Charitable Distribution
  • May roll retirement account into a Qualified Longevity Annuity Contract

85

Must begin taking distributions from Qualified Longevity Annuity Contract

 



• When to Expect Informational Returns

Form Number Reporting Information Due Date

1042-S

Foreign Source Income

March 31

1095-A

Health Insurance Marketplace

January 31

1095-B
& 1095-C

Affordable Care Act

January 31
(*March 31 in 2016 only)

1098

Home Mortgage Interest

February 1

1098-E

Student Loan Interest

February 1

1098-T

Tuition, Reimbursements, Scholarships, Grants

February 1

1098-B

Sales, Barters, Redemptions of Securities

February 15

1099-C

Cancellation/Forgiveness of Debt Income (incl. mortgages)

February 1

1099-DIV

Dividends, Capital Gains & Distributions

February 1

1099-G

Govt. Payments (incl. tax refunds & unemployment compensation)

February 1

1099-INT

Interest Income

February 1

1099-K

Credit Payments (in the course of trade or business)

February 1

1099-MISC

Rents & Royalties, Prizes & Awards, Non-employee Compensation

February 1

1099-R

Retirement Plan Distributions

February 1

1099-S

Real Estate Sales

February 15

1099-SA

HSA & MSA Distributions

February 1

SSA-1099

Social Security Payments

February 1

W-2

Wages (incl. sick pay & benefits)

February 1

W-2G

Gambling Winnings

February 1

 

ES Reminder

1099 Reminder

Bus Tax Reminder


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Disclaimer: The information contained herein should not be used in any actual transaction without the advice and guidance of a professional tax advisor who is familiar with all of the relevant facts of your personal situation since the information is general in nature and not intended as legal, tax or investment advice but is merely educational. Furthermore, the information contained herein may not be applicable to or suitable for an individual's specific circumstances or needs and may require consideration of other matters. To ensure compliance with certain U.S. Treasury Regulations note that, unless expressly indicated otherwise, any advice in this website relating to any federal or state tax issue is not intended or written to be used and cannot be used by any person for the purpose of avoiding any federal tax penalties. Monica Haven assumes no obligation to inform any person of any changes in the tax law or other factors that could affect the information contained herein. And Monica Haven does not offer legal advice or services in any jurisdiction in which she is not licensed; nothing herein should be interpreted as the creation of a fiduciary or client/attorney relationship. This website is not intended for use by viewers in any state in which the site may fail to comply with the regulatory and ethical restrictions imposed by that state.