January starts a new year and a new tax season. In the next month, you’ll receive an array of IRS forms reminding you that it’s time to file. The deadline this year is Monday, April 18, 2016, but once you’ve received all your forms it’s never too early to file. For standard filers, here’s what you might expect to get in the mail:
Form W-2 from your current or past employers.
Form 1099-INT or 1099-DIV from any financial institutions from whom you earn interest.
Contractors will receive form 1099-MISC with total miscellaneous income earned.
Homeowners will receive form 1098 with total mortgage interest payments.
Students will receive form 1098-T with total tuition paid; students with loans will receive form 1098-E with total interest paid on student loans.
If you’re a small business owner, you’ll need to provide your tax preparer with a profit and loss statement so that they can complete a Schedule C.
Give us a call or talk to your preparer for a complete list of forms needed to complete your return.
For everyone who’s looking to start the new year off right, check out the tax filing dates below. Don’t forget to talk to your tax preparer about gathering information needed to complete these filings.
Deadlines for Businesses and Non-profits
February 2, 2015 – W-2′s due to employees; 1099′s due to contractors/investors/others
March 2, 2015 – W-3 and 1096’s due to IRS
March 16, 2015 – Corporate tax returns or filing extension due to IRS
May 15, 2015 – Non-profit tax returns or filing extension due to IRS
Deadlines for Individuals
April 15, 2015 – Individual tax returns or extension due to IRS
If you are unsure of your filing requirements, visit the IRS website to determine your obligation.