The 2018 Tax Filing Season is Not Over by Adam Cohen, CPA
Posted on May 23, 2019
by
Adam Cohen
The March and April tax filing deadline have come and gone, and many individual and business taxpayers can happily bid farewell to their 2018 federal income tax-filing responsibilities. However, if you are one of the millions of taxpayers who applied for an automatic extension of time to file for 2018, don’t get too comfortable. The Fall filing deadlines can creep up faster than you think.
Rather than waiting until the last minute to gather together all of the documents you and your accountant need to file your returns, you may want to commit some time during the sluggish summer months to get organized. This will not only save you and your accountant the headaches of a last-minute scramble for 2018, but it may it may uncover a wealth of untapped tax-saving and wealth-building opportunities that your tax accountant can help you take advantage of as early as this year.
Following are the remaining 2018 tax filing deadlines for which individuals, businesses and non-profit organizations should continue to plan.
May 15
- Deadline for exempt organizations to file 2018 information returns via IRS Form 990, Form 990-EZ or Form 990-PF, or request an automatic six month extension by filing Form 8868
June 17
- Deadline for individuals living outside the U.S. to file their 2018 individual income tax returns using IRS Form 1040 or file for a four-month extension
July 31
- Deadline for employers to file 2018 calendar-year retirement plan reports via Form 5500 or Form 5500-EZ or requesting a filing extension
September 16
- Final deadline for calendar-year S corporations and partnerships to file 2018 income tax returns when an extension was previously filed
October 1
- Final deadline for trusts and estates that received an automatic extension to file 2018 income tax returns and pay any tax, interest and penalties due
October 15
- Final deadline for individual taxpayers living within and outside the U.S. to file 2018 income tax returns and paying any tax, interest and penalties due
- Final deadline for individuals to file a 2018 gift tax return on IRS Form 709 and pay any tax, interest and penalties due
- Final deadline for calendar-year C corporations to file 2018 income tax returns on IRS Form 1120 and paying any tax, interest and penalties due
November 15
- Final deadline for exempt organizations to file 2018 calendar-year information returns when a six-month extension was previously filed
About the Author: Adam Cohen, CPA, is an associate director of Tax Services with Berkowitz Pollack Brant, where he works with closely held businesses and non-profit charities, hospitals and family foundations to maintain tax efficiency and comply with federal and state regulations. He can be reached at the CPA firm’s Ft. Lauderdale, Fla., office at (954) 712-7000 or via e-mail at info@bpbcpa.com.
Information contained in this article is subject to change based on further interpretation of tax laws and subsequent guidance issued by the Internal Revenue Service.
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