January 2014
www.fss-cpa.com

 

 

 

FSS Newsletter - January 2014

 

Tax Season 2014

Here are some important dates to note for calendar-year taxpayers as we begin the 2014 tax season:

January 31, 2014              
IRS opening of tax season
March 17, 2014                 
Form 1120 and 1120S due date
April 15, 2014                    

Form 1040, 1041, and 1065 due date

1st quarter 2014 Estimated Tax payments due 

June 16, 2014                    
2nd quarter 2014 Estimated Tax payments due
September 15, 2014           

Extended due date for Form 1120, 1120S, 1041, 1065 returns

3rd quarter 2014 Estimated Tax payments due 

October 15, 2014             
Extended due date for Form 1040 tax returns
January 15, 2015              
4th quarter 2014 Estimated Tax payments due

We encourage you to provide us with all of your tax information as soon as it is available to expedite the filing process.

Also, the IRS requires all Form 1040 and 1041's to be e-filed. Please remember to return your signed Form 8879 to us at your earliest convenience (either via mail, email, fax or in person) so that we may file your tax return with the IRS.

Health Insurance Reimbursements: Employee Payment Plans

Effective on January 1, 2014, all employers reimbursing employees or directly paying for health insurance premiums from non-employer third-party plans must treat such payments as employee wages and be subject to the related employment taxes. Employers that fail to comply with this provision of the Affordable Care Act will be subject to an excise tax under Sec. 4980D, which is $100 per day per affected participant.

We suggest that any such tax-free employee plans be immediately amended. Please contact us if you have any further questions.

"Social Security Insights" Seminar

Remember to RSVP and attend our February 13, 2014 seminar regarding Social Security benefits.

Invitation & Seminar Details 

 

    

Sincerely yours,

 

 


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