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Tax Season 2019: Important Dates and Deadlines

Tax season is here!  The IRS has announced that they will begin accepting electronically filed and paper returns for TY 2019 beginning January 27th.  Generally, most states follow the IRS’s schedule and will begin accepting electronic returns on the same day.  Even though we’re still a few weeks away from filing returns, you don’t have to wait until the 27th to submit your tax documents to us.  In fact, it would make our day if you got things to us early!  We will go ahead and prepare your state and federal returns and hold them in our system until efile opens on the 27th.

When deciding how to file your return, keep in mind that electronic filing is the fastest and most secure option.  Not only does it drastically speed up processing time, but it also better protects your personal data. The same is true for direct deposit: DD refunds are processed much more quickly than paper checks and the risk of interception (a common tax season scam) is eliminated.  At Levesque & Associates, we always file returns electronically if it's allowable (there are some situations which require paper filing) and we always encourage clients to take advantage of direct deposit for refunds.

Remember, the personal filing deadline will be April 15th, which falls on a Wednesday this year.

Other deadlines:

  • 4th quarter 2019 estimated payments - January 15
  • 1099s and W-2s - January 31
  • Partnerships and S-Corps - March 16 (the 15th is a Sunday)
  • Trusts, Estates, and C-Corps - April 15
  • Non-profits - May 15

Extension deadlines:

  • Partnerships and S-Corps - September 15
  • Personal, Trusts, Estates, and C-Corps - October 15
  • Non-profits - November 16 (the 15th is a Sunday)

Important Reminder: if you cannot file your return by the deadline, be sure to file an extension.  The penalties for not filing can be very high.  Additionally, if you are not able to pay your balance due, you should still file your return.  The penalties on late payment are not as steep as those on failure to file. Learn more about managing your balance due and available payment plan options in our previous blog post, “Struggling with Tax Debt?  Here are Some Tips.”