2016 Tax Year Calendar: Important Dates and Deadlines

By Cameron McCool on January 18, 2017

Filing deadlines can creep up on you, and there’s nothing more frustrating than having to pay a fine that could have been avoided.

Below is a list of tax filing dates and important deadlines for the 2016 tax year.

Take a few minutes to save each relevant filing date to your calendar, and stay ahead of the IRS.

April 18, 2016

Estimated Quarterly Payments

If your business pays taxes on a quarterly basis, the first 2016 estimated quarterly tax payment is due today.

June 15, 2016

Estimated Quarterly Payments

The second 2016 estimated quarterly tax payment is due today.

September 15, 2016

Estimated Quarterly Payments

The third 2016 estimated quarterly tax payment is due today.

2015 Corporation Tax Returns Due (with Extension)

If you filed for an extension in April as a corporation, today is the final deadline to file your 2015 tax return.

2015 Partnership and Multi Member LLC Tax Returns Due (with Extension)

If you are part of a partnership or multi member LLC and you applied for an extension of time to file your tax return in April, this is your last day to file your 2015 tax return.

October 17, 2016

2015 Individual Tax Returns Due (with Extension)

If you filed for a six-month extension in April as an individual (for example, a Sole Proprietor or Single Member LLC), today is the final deadline to file forms 1040 and 1120.

November 1, 2016

Start Making Tax Moves

Tax moves can help grow your business and reduce your taxable income for the year. If you haven’t done so already, now’s the time to plan and make tax moves.

December 31, 2016

Tax Moves Deadline

Today is the final day to make any tax moves for the 2016 tax year.

Set Up a Solo 401 (k)

If you are self-employed, today is the deadline to set up a solo 401 (k).

January 17, 2017

Estimated Quarterly Payments

The fourth (and final) 2016 estimated quarterly tax payment is due today.

Note: Individuals, you do not have to file this payment due on January 17, 2017, if you file your 2016 tax return by January 31, 2017 and pay the remaining balance owed with your return (see Form 1040-ES for details).

January 31, 2017

New Form W-2 Filing Deadline

As of 2016, employers now have new submission deadline for Form W-2s.

If your business has employees, you’ll need to arrange a Form W-2 for each employee; you need to submit the W-2 to the IRS and send a copy to the employee by January 31, 2017.

New Form 1099-MISC Filing Deadline

If you work with independent contractors, the new January 31 filing deadline also applies to certain types of 1099s. If you are filing a Form 1099-MISC and reporting amounts in Box 7, this deadline applies to you.

If you don’t have amounts in Box 7 on your Form 1099, February 28 is the deadline for paper filing or March 31 for electronic filing.

March 15, 2017

S Corporation and Partnership Tax Returns Due

Today is the deadline to file your S Corporation tax return (Form 1120S) or Partnership return (Form 1065), and pay any taxes owed. If you need more time to file your tax return (the paperwork), you can also file for an extension.

April 18, 2017

Individual Tax Returns Due

Today is the deadline to file Individual tax returns (Form 1040, 1040A, or 1040EZ). For an automatic six-month extension, file Form 4868 and deposit your estimated taxes owed by today.

Corporation Tax Returns Due

Today is the deadline to file Corporation tax returns (Form 1120). For an automatic five-month extension, file Form 7004 and deposit your estimated taxes owed by today.

Estimated Quarterly Payments

If your business pays taxes on a quarterly basis, the first 2017 estimated quarterly payment is due today.

If you intend to file for an extension this year, note that the filing dates listed are relevant to your business’s federal tax return. If you want to file for an extension of state taxes, you’ll need to do that separately.

Depending on the nature of your business, you may also need to meet other filing deadlines and requirements not listed in this post. Do your research and work with your accountant early on to ensure you’re well aware of your filing obligations throughout the year.

This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench assumes no liability for actions taken in reliance upon the information contained herein.

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Cameron McCool

Cameron writes for Bench, the online bookkeeping service for entrepreneurs.