Corporate officers will sometimes attempt to disguise what should be payment for services as distributions of cash, dividends, and loans as a means of avoiding payroll taxes on the income. The Internal Revenue Code establishes that any officer of a corporation, including S corporations, is an employee of the corporation for federal employment tax purposes. More ...
You can make a change or an adjustment to a tax return you’ve already filed by filing an amended return. Here are the top 10 things the IRS wants you to know about amending your federal tax return. If you need to amend your tax return, use Form 1040X, Amended U.S. Individual Income Tax Return. Use Form 1040X to correct previously filed Forms 1040, 1040A or 1040EZ. More ...
Beginning with the 2017 filing season, partnership returns will be due on March 15 (the 15th day of the third month for fiscal year partnerships).
C corporation returns will be due on April 15 (the 15th day of fourth month for fiscal year corporations).
S corporation returns will continue to be due on March 15. More ...
Form No.Reporting InformationDue Date
1099-MISC (Attorney’s fees)
Attorney’s fees 8 substitute payments
Jan. 31
1099-R
Retirement plan distributions (including IRAs profit sharing plans)
Feb. 15
1099-S (Real Estate)
Information about real estate gales
Jan. 31
SSA-1099
Social Security payments
Jan. 31
W-2G
Gambling winnings
Jan. More ...
New Tax Relief/Job Creation Act of 2010 bill extends Bush-era tax cuts, provides payroll tax relief, and reinstates the estate tax. This reduction applies to all wage earners and self-employed individuals with no reduction for income (i.e., no AGI phase-outs). However, the amount allowed returns to the pre-2009 lifetime limit of $500 (rather than the 2009/2010 maximum of $1,500). More ...