We obviously advocate being proactive rather than reactive but we also understand when life, schedules, apprehension and other issues become obstacles to your tax planning. What we don’t understand is the mentality that somehow your taxes will take care of themselves.  They won’t. The taxes you owe won’t pay themselves and the tax refund you may be due won’t deliver itself. You do have to help the process along.  But if you’re a tax procrastinator, don’t worry about being judged at Ken-Mar Tax. We get it and we can help at the last minute, after the last minute and of course – before the last minute.

When Tax Season Ends, Don’t Forget About Taxes

Even after April’s filing deadline is not the time to forget about your income taxes.  Let’s face it – income taxes are an all-year proposition, even though the filing deadline is April (or October if you file for an extension.)  In order to maximize your tax reduction strategies we help you plan all year long for the best possible results come tax season.  At Ken-Mar Tax, we advocate being proactive rather than reactive but we never judge you for procrastinating or owing back taxes.  Call us for your FREE tax consultation whether you’re looking to plan ahead for some tax reduction strategies, you’re worried that your deductions weren’t maximized over the last three years, or you have back taxes and are starting to get collection letters, wage garnishment and other levy notices from the IRS.

General Time Table for IRS Deadlines

April 15th
  • Obtain an automatic six-month extension to file your return.  Submit Form 4868 before today and your new filing deadline is October 15th.
  • This is the last day to add money to your HSA or set-up an IRA and make contributions for the 2015 tax year.
  • Make the first payment of your 2016 estimated taxes is you aren’t paying your income tax for the year through withholding.
June 15th
  • Make the second payment of your 2016 estimated taxes is you aren’t paying your income tax for the year through withholding.
September 15th
  • Make the third payment of your 2016 estimated taxes is you aren’t paying your income tax for the year through withholding.
October 1st
  • This is the deadline for establishing a SIMPLE IRA.

October 15th

  • If you filed Form 4868 extending the due date of your return, this is they day you must file your return and pay any tax, interest, or penalties due.
  • This is the last day for re-characterizing an IRA contribution for the year if you filed your return ON TIME.

Remember, if you have any questions about the above dates, give us a call.  We are available all year to discuss tax planning with you!