It's tax return filing season once again. This month Joel Lee, CPA discusses upcoming tax due dates. Among the tax deadlines you may be required to meet in the next few months are the following.

Topics Covered

  • Estimated taxes
  • Virgin Islands business taxes
  • W2 and 1099 statements

Circle these tax dates on your 2015 calendar

It's tax return filing season once again. Among the tax deadlines you may be required to meet in the next few months are the following:

  • January 15

    Due date for the fourth quarterly installment of 2014 estimated taxes for individuals, unless you file your tax return and pay any taxes due by February 2.

  • January 30

    V. I. Yearly Gross Receipts Tax (720B V.I.) form due.

  • February 2

    Employers must furnish 2014 W-2 statements to employees. Payers must furnish payees with Form 1099s for various payments made. (The deadline for providing Form 1099-B and consolidated statements is February 17.)

  • February 2

    Employers must generally file annual federal unemployment tax returns.

  • March 2

    Payers must file information returns, such as Form 1099s, with the IRS. This deadline is extended to March 31 for electronic filing.

  • March 2

    Employers must send Form W-2 copies to the Social Security Administration. This deadline is extended to March 31 for electronic filing.

  • March 2

    Farmers and fishermen who did not make 2014 estimated tax payments must file 2014 tax returns and pay taxes in full.

  • March 16

    Corporate Tax (1120/1120S) Returns are due.

  • April 15

    Personal and Partnership Tax Returns due.

Although these dates indicate when items are due, I would suggest filing early. The processing clock for returns are date sensitive and start on the date/day filed. This becomes most important when needing tax clearances and or refunds, if applicable.

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