Tax

Articles (18)

• IRC — Internal Revenue Code
• Effective Tax Rate
• Marginal Tax Rate
• Deferred Tax Asset/Liability
• January 31 — W-2 / 1099 filing deadline
• March 15 — Partnership (1065) and S-Corp (1120-S) tax return due
• April 15 — Individual (1040) and C-Corp (1120) tax return due
• April 15 — Q1 estimated tax payment due
• June 15 — Q2 estimated tax payment due
• September 15 — Extended partnership/S-corp returns due; Q3 estimated tax
• October 15 — Extended individual (1040) returns due; extended C-Corp (1120) due
• January 15 — Q4 estimated tax payment due
• Last day of each month — Form 941 (Payroll Tax) - monthly depositors
• January 31; April 30; July 31; October 31 — Form 941 quarterly filing
• EA — Enrolled Agent
• Tax expense equals taxes paid
• A high effective tax rate means the company pays too much
• All income is taxable