Key Tax Deadlines – October 2012

The usual employer tax deadlines continue through the month for paying over tax payments to the IRS. If you have been paying quarterly remember to check each quarter that you are still eligible to do so. The test only goes back one quarter.

Other tax deadlines this month include:

October 10 – Employees must report to their employer all tips for September if they total more than $20.

October 15 – Individuals who filed an extension must file their 2011 tax returns, forms 1040, 1040A or 1040EZ.

October 31 – Employers must file form 941 Employer’s Quarterly Federal Tax Return for the third quarter of 2012.

The big one this month is the 1040 filing deadline. Make sure that you get the information to your tax preparer well in advance of the October 15, 2012 deadline.

We will be open all weekend October 13 and 14, 2012 so call us on (480) 363-4808 if you need any assistance filing your 2011 tax return by the deadline.

Posted by Mark Smith an accountant and tax preparer with over 29 years accounting and tax experience. He is the owner of Cranmere Accounting and Tax Services LLC. He can be contacted on (480) 363-4808 or by email at info@cranmereaccountingandtax.com if you need assistance with any of the above.

Disclaimer – This article does not constitute personal tax advice to the reader and is only offering general information. You should seek professional advice for your own situation as the most appropriate tax planning depends on your personal and unique circumstances.

Posted By Mark Smith

Mark Smith, EA is an Enrolled Agent and accountant with over 30 years tax and accounting experience. He is the owner of Cranmere Accounting and Tax Services LLC. He can be contacted on (480) 363-4808 or by email at info@cranmereaccountingandtax.com if you need assistance with any of the above.

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