Tax Calendar

• Fourth quarter estimated tax payment. Your fourth-quarter estimated tax payment (using form 1040-ES) for 2011 is due. You may delay making this payment until Jan. 31 if you file your 2011 return (Form 1040) and pay any tax due by January 31, 2012.

January 31, 2012

• W-2, 1098 and 1099 forms. These forms should have arrived. Issuers are required to send them out to recipients by Jan 31. If you don't get them, contact the issuer.
• Tax information you send to others. If you are required to issue Form W-2 or Form 1099 to anyone such as an employee, a household employee or an independent contractor, mail the forms by this date.
• Individual Tax return due. If you missed your fourth quarter estimated tax deadline on January 15, you can still avoid a penalty if you file your tax return by this date and pay any tax due.

February 15, 2012

• File new W-4 forms. File a new Form W-4 if you claimed exemption from income tax withholding in 2011. Begin withholding on employees who claimed exemption from withholding in 2011 but did not file a W-4 to continue withholding exemption in 2011. Furnish Forms 1099-B, 1099-S and certain Forms 1099-MISC to recipients. Deposit payroll tax for January if the monthly deposit rule applies

February 28, 2012

• File Information returns. File forms 1098, 1099 and W-2G for certain payments made during 2011.
• File Form W-3. Transmittal of Wage and Tax Statements along with copy A of all Forms W-2 issued in 2011.
• File forms 1098, 1099 and W-2G for certain payments made during 2011. Transmittal of Wage and Tax Statements along with copy A of all Forms W-2 issued in 2011.

March 15, 2012

• Corporations. File a 2011 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. You can apply for an automatic 6-month extension with Form 7004. If you file for extension, you must also make an estimated tax payment.
• S corporations. File a 2011 calendar year tax return (Form 1120S) and pay any tax due. Send each shareholder a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. You can apply for an automatic 6-month extension with Form 7004, but you must pay any tax due.
• S corporation election. File Form 2553 to choose to be treated as an S corporation beginning with calendar year 2012. If Form 2553 is filed late, S treatment will begin with calendar year 2012.
• Electing large partnerships. Provide each partner with a copy of Schedule K-1 (Form 1065-B). This due date is effective for the first March 15 following the close of the partnership's tax year and applies even if the partnership seeks an extension of time.

April 17, 2012

• File for extension. If you want an automatic extension of time to file your 2011 tax return, file Form 4868. Filing the form gives you until Oct. 15, 2012 to file your return. To avoid a penalty, however, be sure to pay any tax that was due on April 17.
• Partnerships. File a 2011 calendar year income tax return (Form 1065) and pay any tax due. You can apply for an automatic 5-month extension with Form 7004.
• Individual Retirement Accounts or Roth IRAs. This is the deadline for making contributions to IRAs or Roth IRAs for tax year 2011.
• Individual Estimated tax payment. Your first-quarter estimated tax payment (using form 1040-ES) for 2012 is due.
• Corporation Estimated tax payment. Your first-quarter estimated tax payment for 2012 is due.
• State tax returns. If you are required to file a state tax return, it is probably due -- but check with your state to be certain. Many states automatically extend the filing time for those who have filed for a federal extension.
• Household employers. If you paid cash wages of $1,700 or more in 2011 to a household employee, file Schedule H (Form 1040) with your income tax return and report any employment taxes by April 17, 2012.

June 15, 2012

• Filing deadline. If you're a United States citizen or resident alien living and working (or on military duty) outside the U.S. and Puerto Rico, file Form 1040 and pay any tax, interest and penalties due. You can file for an extension until Oct. 15, 2012.
• Individual Estimated taxes due. Your second-quarter estimated tax payment (using form 1040-ES) for 2012 is due.
• Corporation Estimated tax payment. Your second-quarter estimated tax payment for 2012 is due.

September 17, 2012

• Individual Estimated tax due. Your third-quarter estimated tax payment (using form 1040-ES) for 2012 is due.
• Corporation Estimated tax payment. Your third-quarter estimated tax payment for 2012 is due.
• Partnerships. File your 2011 tax return if you were given a 5-month extension.
• Corporations. File your 2011 tax return and pay if you timely requested automatic extension.
• S corporations. File your 2011 tax return and pay if you timely requested automatic extension.

October 15, 2012

• Income tax return due. Your 2011 income tax return is due if you filed an extension request using Form 4868.

December 17, 2012

• Corporation Estimated tax payment. Your fourth-quarter estimated tax payment for 2012 is due.

December 31, 2012

• Deduction deadline. The last date to make payments that can be deducted from your 2012 return.
• Keogh plan deadline. The last date to establish a Keogh plan so you can deduct a Keogh plan contribution on your 2012 return.

Sean K Butler, CPA, LLC
908 Town & Country Blvd.
suite 120
Houston, TX 77024
Phone: (832) 563-7883
Fax: (713) 984-7576
info@skbcpafirm.com