Don't Be Late! | Tax Tip of the Week | No. 186

Due Dates

It is never a good idea to file a tax return late.  The IRS, State of Ohio and virtually every municipality will assess penalties on returns filed past the due date.  If you simply run out of time, or don’t yet have all the needed information, it is perfectly fine to file for an extension. If you want to see a tax due date calendar for 2013 (for tax year 2012) we invite you to visit our web site at www.bradstreetcpas.com.  Click on any day on the calendar and the entire year of due dates will appear. For business owners, several dates have changed. Most notable the deadlines for the CAT return.  If you are an annual CAT filer, the due date is now May 10, 2013.  Quarterly CAT payment dates have also changed.  As always, corporations are reminded that the due date for Forms 1120 and 1120S is March 15, 2013. All business owners and those needing to file fiduciary returns only have until September 15, 2013 to file returns that were placed on extension. Individual tax returns placed on extension still have until October 15, 2013 to timely file.The calendar on our web site also has due date reminders for sales tax, payroll, workers comp and other types of business returns. 

As always, give us a call with any questions or concerns you may have. 

You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.

Rick Prewitt - the guy behind TTW...until next week.