IRS Publication 509: Defining Tax Calendars


What is IRS Publication 509: Tax Calendars?

IRS Publication 509: Tax Calendars is an annual document published by the Internal Revenue Service (IRS) that provides the due dates for various tax forms and tax payments. IRS Publication 509 covers expiration dates for both individual taxpayers and employers, as well as what other IRS documents to examine for more information.

  • The Tax Calendar marks deadlines for filing and paying taxes throughout the year.
  • It can be particularly useful for the self-employed, business owners, and the self-employed, who must file their return on a quarterly basis.
  • Business taxpayers should also be aware of various dates to file tax documents throughout the year.

Understanding Publication 509: Fiscal Calendars

IRS Publication 509: Tax Calendars is used primarily for business owners, freelancers, and workers who earn tips as part of their compensation. All file tax documents at least quarterly during the year, as well as on tax day.

Regular wage earners whose taxes are withheld by their employer have little need to consult the tax calendar. You’d better check out the IRS page called “Disaster tax relief, “which is updated to include national and regional filing and payment delays allowed after natural disasters and other unforeseen events such as the COVID-19 pandemic.

Due to Hurricane Ida, some residents and business owners in Louisiana and parts of Mississippi, New York, Pennsylvania and New Jersey received extensions in their deadlines for filings and payments to the IRS. Most relate to upcoming due dates for submissions and quarterly payments. For more details, go to the IRS “Disaster tax relief“and click on” 2021 “.

Publication 509 provides timely reminders of the due dates of other recurring payments. The IRS divides the 12-month calendar into quarters and requires that some tax payments, such as estimated individual taxes, be made each quarter.

The usual dates for quarterly tax payments are April 15, June 15, September 15, and January 15. All those dates advance to the next business day if they fall on a weekend or holiday. This is usually a problem in January because the 15th of that month sometimes falls on Martin Luther King Day; and in April, when the 15th can fall on Emancipation Day, a Washington DC holiday during which the IRS is closed.

Payment for the last quarter of the year is deferred until January to give taxpayers a break during the busy December vacation period.

Residents of some states also get an extra day when certain state holidays fall on the 15th.th.

Publication 509 lists all of these dates and exceptions for each year.

Important dates for individuals …

Other important dates in the tax calendar for people are 10th of each month when tipped employees must submit Form 4070 to their employers, detailing their tip income for the previous month.

And October 15 is the date that anyone who has requested a six-month extension on their annual tax return must file their Form 1040 or 1040-SR.

… and for companies

For businesses, important dates include January 31, when businesses must submit Form 1099 statements to contractors and freelancers who have been paid compensation for not being employed during the previous year.

In addition, March 15 is the date on which the partnerships must provide the partners with Schedule K-1 that details the gains or losses for the previous year.

While the most important tax dates are covered in the document, due dates for certain types of taxes, such as estate, gift, and trust taxes, are not included.

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Mark Holland

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