Individual Income Tax Returns Federal Income Tax Returns are due annually for all individuals whose gross income is over $8,000, lower threshold for children.
The due dates reflected on the due date worksheet are for calendar year-end individuals. If you have a non-calendar year-end please contact us for specific due dates.
Penalties for failing to file a tax return are up to 25% of the tax balance due.
Estimated tax payments are required unless total federal income tax withholding and estimated tax payments exceed 100% of the prior year's total tax or 90% of the current year's total tax. If this applies to you, or, if you have income that does not have federal income tax withheld - please contact us to determine appropriate amounts and timing of estimated tax payments.
Failure to pay and failure to pay timely estimated tax payments are assessed "penalty and interest" for the underpayment at a rate of about 9% per year (actual amounts will vary somewhat - please contact us for specific calculations).
The tax return form numbers for individuals are Form 1040, 1040A, and 1040EZ.
State Income Tax Returns are due annually for any individual with income sourced from an "Income Tax State". This could be wages, self-employment income, rents, royalties, interest, dividends, sales of property, etc.
State Business Franchise Tax Returns
If you are doing business as a single member LLC, then you will most likely file a Schedule C along with your personal income tax return. And, in addition, you must file a State Franchise Tax Return with the comptroller.
Please refer to "Business Tax Due Dates" for further information.
Personal Property Tax and Payment Due Dates (Schedule C's and F's) All business entities (including sole proprietorship) are subject to local personal property tax.
Please refer to "Business Tax Due Dates" for further information.
Payroll Tax Return Due Dates All business entities (including sole proprietorship) that pay wages are subject to filing payroll tax returns.
Please refer to "Business Tax Due Dates" for further information.
Sales Tax Return Due Dates All business entities (including sole proprietorship) that sell goods and/or services may be subject to filing sales tax returns.
Please refer to "Business Tax Due Dates" for further information.
