Key Filing Dates

There are several important dates taxpayers should keep in mind for this year’s filing season:

January 14th

IRS Free File opens. Taxpayers can begin filing returns through IRS Free File partners; tax returns will be transmitted to the IRS starting January 24. Tax software companies also are accepting tax filings in advance.

January 18th

Due date for tax year 2021 fourth quarter estimated tax payment.

January 24th

IRS begins 2022 tax season. Individual 2021 tax returns begin being accepted and processing begins.

January 28th

Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.

March 15th

Due date to file 2021 partnership tax return, Form 1065, or request an extension
Due date to file 2021 S corporation tax return, Form 1120S, or request an extension

March 30th

Due date to e-file Form 1099 & Form 1098 to the IRS, except Form 1099-NEC

April 18th

Due date to file 2021 individual tax return, Form 1040, or request an extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.
Due date to file 2021 corporate tax return, Form 1120C, or request an extension
Last day to make HSA contributions for prior year
Last day to make IRA contributions for prior year

April 19th

For those who live in MA or ME – Due date to file 2021 individual tax return, Form 1040, or request an extension and pay tax owed, due to Patriots’ Day holiday.

May 15th

Due date to file 2021 exempt organization, Form 990 (non-profits, etc.)

June 15th

Due date for Estimated Tax Payment for 2nd Quarter of 2022 (Form 1040-ES)

July 31st

Due date to file 201 employee benefit plan returns, Form 5500

September 15th

Due date for Estimated Tax Payment for 3rd Quarter of 2022 (Form 1040-ES)
Due date to file Form 1065 for those partnerships who requested an extension
Due date to file Form 1120S for the S corporations who requested an extension

October 17th

Due date to file for those requesting an extension on their 2021 tax returns
Due date to withdraw excess IRA Contributions in 2021 to avoid penalty if filing of Form 1040 was extended
Due date to contribute to Solo 401(k) Plan or Simplified Employee Pension (SEP) Plan for 2021 by Self-Employed if Filing of Form 1040 Was Extended

December 31st

Due date for contribution to Employer-Sponsored Retirement Plan for 2022 (401(k), 403(b), 457 or federal thrift savings plans
Due date for required Minimum Distribution (RMD) by Individuals Who are 73 or Older at the End of 2022

January 16th (2023)

Due date for Estimated Tax Payment for 4th Quarter of 2022 (Form 1040-ES)

Fact or Fiction for the Employee Retention Credit (ERC)

by Josh Legant | November 30, 2022 | Accounting, Courses, Internal Revenue Service, Tax | 0 Comments

There are many people who may have question regarding the Employee Retention Credit (ERC) that became available for businesses during the Covid-19 pandemic.

Happy Thanksgiving

by Matthew Senter | November 24, 2022 | Community, Team | 0 Comments

Josh Legant is joining the Senter, CPA Happy Thanksgiving to all Senter, CPA, P.C. clients, team, friends, and community.

Since today is Thanksgiving, I wanted to share a few things that, myself and the rest of the Senter CPA team, are thankful for:

2022 Tax Planning

by Josh Legant | November 8, 2022 | Tax | 0 Comments

Tax planning is the process of managing your financial plan with the goal of reducing your tax liability, and safeguarding assets at the federal and state level. Most tax planning involves deductions, credits, and current vs. future tax rates. When tax planning, you should be looking for strategic and legal ways to reduce your tax burden now and for years to come. This year is a great year to look at possible Roth Conversions or Loss Harvesting. With the downturn in the market it is an opportunity to convert some or all of a retirement to a Roth account with paying the lowest amount of tax.

Thank you!

by Matthew Senter | November 1, 2022 | Community, Team | 0 Comments

Josh Legant is joining the Senter, CPA team as Staff Accountant.

Understanding Chart of Account in QuickBooks Online

by Lisa Haiss | October 31, 2022 | Accounting, Courses, Information Technology | 0 Comments

Chart of Accounts is the hub of all your accounting.

Welcome to the Senter, CPA Team – Josh Legant

by Lisa Haiss | October 26, 2022 | Team | 0 Comments

Josh Legant is joining the Senter, CPA team as Staff Accountant.

How to categorize transaction in QuickBooks Online

by Lisa Haiss | October 17, 2022 | Accounting, Courses, Information Technology | 0 Comments

Connect your Shopify store to QuickBooks Online to automate your accounting.

October is Cybersecurity Awareness Month

by Lisa Haiss | October 10, 2022 | Information Technology | 0 Comments

October is Cybersecurity awareness month. There are many steps that can be taken to help protect you and your information from a cyber attack. We have compiled a list of things to help an individual protect themselves. Doing just one of these items on the list is beneficial, but imagine how protected you can be if you did them ALL?