April 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2016. 

April 1

Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 26–29.
Individuals. Taxpayers who turned 70½ during 2015 must start to receive required minimum distributions (RMDs) from their IRAs; retirees who turned 70½ during 2015 must receive RMDs from workplace retirement plans. 

April 6

Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 30–31 and April 1. 

April 8

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 2–5. 

April 11

Employees who work for tips. Employees who received $20 or more in tips during March must report them to their employer using Form 4070. 

April 13

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 6–8. 

April 18

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 9–12.
Employers. Employers deposit Social Security, Medicare, and withheld income tax for March. Employers who paid cash wages of $1,900 or more in 2015 to a house-hold employee, file Schedule H (Form 1040).
Farmers and fisherman. File 2015 income tax return (Form 1040) by April 18 if not previously filed.
Individuals. Individuals file a 2015 income tax return (Form 1040 series) and pay any tax due.
Partnerships. File a 2015 calendar year return (Form 1065). Provide each partner with a Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. 

April 20

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 13–15. 

April 22

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 16–19. 

April 27

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 20–22. 

April 29

Employers. Semi-weekly depositors must deposit employment taxes for payroll date April 23–26. 

May 4

Employers. Semi-weekly depositors must deposit employment taxes for payroll dates April 27–29. 

May 6

Employers. Semi-weekly depositors must deposit employment taxes for payroll dates April 30–May 3.

Written by

Steve Moss, CPA is a partner at Holden Moss CPAs and loves helping businesses and their owners grow to be the very best they can be. Our other offices include Raleigh, Oxford and Warrenton. We are a little different at Holden Moss CPAs. While we still provide traditional tax and accounting services, years ago we realized many clients wanted help in running their businesses and were hungry for ideas, solutions, strategy, and execution. In response, we expanded our skill set and joined Ran One, a global network of business consulting firms. Our membership with Ran One gives us access to proprietary resources and analytical software to help our clients grow, become more profitable and valuable, and have the lifestyle they desire. Now, blended into the fabric of our normal tax and accounting needs, we are focused on our clients’ businesses in a very different way. While our approach is not right for everyone, for those whom it is, incredible results may be obtained. Whether you have a new, or established, business, or for those in transition of selling or retiring, or for those who simply need to develop an exit strategy or succession plan, our unique approach to client service may be the edge you need.

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