Important Dates

                                                         

 

Call us at 562-869-0609 for further details

 

 

March 15th, 2012

Business Owners:  Calendar year Corporation Tax Returns due.

 

April 17th, 2012

Individuals/ Business Owners: Individual, partnership, trust and estate returns due for calendar year taxpayers, first estimated quarteerly tax payment for year due.

 AAApfkdjfhdfjhljdkfhljadfhaIndividuals:  April 17- Individual Tax Returns due for Tax Year 2011.  if you havent applied for an extension, e-file or postmark your individual tax returns by midnight April 17, 2012.

 

April 30th, 2012

Employers:

 

File quarterly payroll forms for the first quarter of 2012.

Deposit or pay any undeposited tax under the accuracy of deposit rules.

If your tax liability is less than $2,500, you can pay it in full with a timely filed return.

 

 

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Your federal tax filing status is based on your marital and family situation. It is an important factor in determining your standard deduction and your correct amount of tax, and whether you must file a return.

Your marital status on the last day of the year determines your status for the entire year. If more than one filing status applies to you, you may choose the one that gives you the lowest tax obligation.

There are five filing status options:

  • Single. Generally, if you are unmarried, divorced, or legally separated according to your state law, and you do not qualify for another filing status, your filing status is Single.
  • Married Filing Jointly. If you are married, you and your spouse may file a joint return. If your spouse died during the year and you did not remarry, you may still file a joint return with that spouse for the year of death. This is the last year for which you may file a joint return with that spouse.
  • Married Filing Separately. Married taxpayers may elect to file separate returns.
  • Head of Household. Generally, you must be unmarried and paid more than half the cost of maintaining a home for you and a qualifying person for more than half a year.
  • Qualifying Widow(er) with Dependent Child. You may be able to file as a qualifying widow or widower for the two years following the year your spouse died. To do this, you must meet all four of the following tests:
    1. You were entitled to file a joint return with your spouse for the year he or she died. It does not matter whether you actually filed a joint return.
    2. You did not remarry in the two years following the year your spouse died.
    3. You have a child, stepchild, or adopted child (a foster child does not meet this requirement) for whom you can claim a dependency exemption.
    4. You paid more than half the cost of maintaining a household that was the main home for you and that child, for the whole year.

    After the two years following the year in which your spouse died, you may qualify for head of household status.

We can definitely help you determine which filing status is best for your situation. Just call us up or send an email.

Last Updated (Thursday, 09 December 2010 00:51)

 
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