Reminder for 10/20/2021 Seminar: Economic NEXUS vs Sales Tax NEXUS – learn more and become better prepared to ask and answer the tough questions, such as:
- What does it mean for out-of-state sellers?
- How or will this decision affect more than just sales tax nexus?
- What does economic nexus mean for sales tax?
- Does having a physical presence in a state still matter for sales tax?
- Is the traditional nexus for sales tax still alive and well?
- Do we need to begin filing in the 45 states that have a sales taxing system?
- When to recommend to a client to file income/sales tax in that state?
Upcoming Tax Deadlines
Tu 15 Corporations: File Form 1120 for calendar year and pay any tax due. For automatic 6-month extension, file Form 7004 and deposit estimated tax.
Tu 15 S Corporations: File Form 1120S for calendar year and pay any tax due. Furnish a copy of Sch. K-1 to each shareholder. File Form 2553 to elect S Corporation status beginning with calendar year 2016. For automatic 6-month extension, file Form 7004 and deposit estimated tax.
Tu 15 Electing Large Partnerships: Furnish Sch. K-1 (Form 1065-B) to each partner.
Th 31 File Form 2290 and pay the tax for vehicles first used in February.
Th 31 File Form 730 and pay the tax on wagers accepted during February.
Th 31 Electronically file Forms W-2, W-2G, 1098, 1099, and 8027.
Mo 18 Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2016 estimated tax – Use Form 1040-ES.
Mo 18 Partnerships: File Form 1065 and furnish a copy of Sch. K-1 to each partner. For automatic 5-month extension, file Form 7004.
Mo 18 Electing Large Partnerships: File Form 1065-B calendar year return. For automatic 6-month extension File Form 7004.
Mo 18 Household Employers: File Sch. H with Form 1040 if you paid $1,900 or more to a household employee.
Mo 18 Corporations: Deposit the first installment of your 2016 estimated tax.
Fr 29 File Form 720 for the first quarter.
Fr 29 File Form 730 and pay the tax on wagers accepted during March.
Fr 29 File Form 2290 and pay the tax on vehicles first used in March.
Mo 2 Employers: File Form 941 for the first quarter.
Mo 2 Deposit FUTA tax owed through Mar if more than $500.
Tu 10 File Form 941 for the first quarter if you timely deposited all required payments.
Tu 31 File Form 730 and pay the tax on wagers accepted during April.
Tu 31 File Form 2290 and pay the tax for vehicles first used during April.