BENEFIT PLAN DEADLINE (12/31 year end): Required Minimum Distribution (RMD) beginning date for 5% owners and terminated participants who turned 72 in 2020. This deadline applies only to the first RMD. Subsequent RMDs must be made by December 31 of each year For additional information on these deadlines or our employee benefit plan audit services, please click here to contact … Continued
BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution of 402(g) (excess deferrals) For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.
Deadline to file FINCen 114 (Formerly known as Form TD F 90-22.1) (FBAR). Reporting is on a calendar year, regardless of the taxpayer’s fiscal year elected. Foreign-owned U.S. disregarded entities must paper file a pro-forma Form 1120 and Form 5472. An automatic extension to October 15, 2021 using Form 7004 is available. For additional information on these deadlines or … Continued
On March 17, the Treasury and IRS extended the time period to file and pay INDIVIDUAL taxes until May 17. As of the March 17 notice, this does not extend first quarter estimates or state filings, except for the State of Maryland. Learn more about this Individual Tax Day Extension. On March 29, the IRS … Continued
2020 Delaware tax returns must be filed or extended. The balance due must be paid. An automatic 6-month extension using Form 1027 can be filed. This is NOT an extension to … Continued
NONPROFITS: Form 990 filing deadline for calendar year nonprofit organizations.
INDIVIDUALS: On March 17, the Treasury and IRS enacted an automatic extended time period for individuals to file and pay 2020 taxes from April 15 to May 17. File a … Continued
Deadline for 2020, individual tax returns for US taxpayers residing abroad and partnerships which keep their books and records outside the United States (automatic 2-month extension from April 15). An … Continued
INDIVIDUALS: Make a payment of your 2021 estimated tax if you’re not paying your income tax for the year through withholding (or won’t pay in enough tax that way). Use Form 1040-ES. … Continued
EMPLOYEE BENEFIT PLANS: Corrective distribution for failed ADP/ACP without 10% excise tax (EACA only) For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.