Lynx Tax Services, Inc.

JANUARY 31, 2017 EMPLOYER"S TAXES EMPLOYERS of nonagricultural and nonhousehold employees file return on Form 941 for withheld income and FICA taxes in last quarter of 2016. ... Employers of agricultural workers must file the annual Form 943 to report income and FICA taxes withheld on 2016 wages. Employers must file Form 940, annual return of federal unemployment (FUTA) taxesfor 2016. Withholding. Employees' statements ( Form W-2 and Form 1099-R) for amounts withheld in 2016 to be furnished by employer to employees. Copy A of Form W-2 (together with transmittal Form W-3) must be filed with the Social Security Administration, whether filed electronically or on paper. Individuals: Individuals, other than farmers and fishermen, who owed, but did not pay, estimated tax on January 17th must file final 2016 income tax return and pay tax in full to avoid late payment penalty. Trusts and Estates. Trusts, as well as estates and certain residuary trusts in existence more than two years, that owed but did not pay estimated tax on January 17th must file final 2016 income tax return and pay tax in full to avoid late payment penalty. Information Returns: Annual statements must be furnished to recipients of: gambling winnings ( Form W-2G); dividends and liquidating distributions ( Form 1099-DIV); interest, including interest on bearer certificates of deposit ( Form 1099-INT); patronage dividends ( Form 1099-PATR); original issue discount ( Form 1099-OID); certain government payments, including unemployment compensation and state and local tax refunds of $10 or more ( Form 1099-G); royalty payments of $10 or more, rent or other business payments of $600 or more, prizes and awards of $600 or more, crop insurance proceeds of $600 or more, fishing boat proceeds, medical and health care payments of $600 or more, nonemployee compensation payments in box 7 ( Form 1099-MISC); debt canceled by certain financial entities including financial institutions, credit unions, and Federal Government agencies of $600 or more ( Form 1099-C); distributions from retirement or profit-sharing plans, IRAs, SEPs, or insurance contracts ( Form 1099-R); payments received from a third party settlement entity ( Form 1099-K). See 64 for a chart of information returns and due dates. Businesses: Tax-exempt organizations, and educational institutions that receive certain payments must furnish annual statements to payors of: $600 or more of mortgage interest ( Form 1098); $600 or more of student loan interest ( Form 1098- E); qualified tuition and expenses ( Form 1098-T). See 64 for a chart of information returns and due dates. 2017 CCH Incorporated and its affiliates and licensors. All rights reserved.

JANUARY 15, 2017 ESTIMATED TAXES: Final installment of 2016 estimated tax ( Form 1040-ES) by... individuals unless income tax return is filed with final payment by January 31, 2017. Payment in full of estimated tax by farmers and fishermen unless income tax returns are filed by March 1, 2017. Final installment of 2016 estimated tax ( Form 1041-ES) by trusts, calendar-year estates, and certain residuary trusts in existence more than two years, unless Form 1041 is filed and taxes are paid in full by January 31, 2017.

MARCH 1, 2017 INDIVIDUALS: Last day for farmers and fishermen who owed, but did not pay, estimated tax on January 17th to file 2016 calendar-year income tax return and pay tax in full to avoid late payment penalty.... PARTNERSHIPS: Last day for filing income tax return for calendar-year partnership ( Form 1065) and to provide each partner with a copy of Schedule K-1. Returns for fiscal-year partnerships are due on the 15th day of the 3rd month after the close of the tax year.

MARCH 15, 2017 Last day for calendar-year U.S. partnerships to file application (Form 7004) for automatic six-month extension to file 2016 income tax return. Last day for calendar-year partnerships to file an amended return ( Form 1065X) for 2013.... S. CORPORATIONS: Last day for filing income tax return for calendar-year S corporation ( Form 1120S) and to provide each shareholder with a copy of Schedule K-1. Returns for fiscal-year S corporations are due on the 15th day of the 3rd month after the close of the tax year. Last date for filing application ( Form 7004) by S Corporations for automatic six-month extension to file 2016 income tax return. Last date for filing Form 2553 to elect to be treated as an S Corporation beginning with calendar year 2017. The penalty for filing the election late is to postpone treatment as an S Corporation until calendar year 2018. WITHHOLDING: File returns on Form 1042 and Form 1042-S to report tax withheld at the source from nonresident aliens, foreign corporations, foreign partnerships and foreign fiduciaries of a trust or estate. ABLE Accounts. Trustees of ABLE accounts must furnish copy of 5498-QA to participants. ABLE account information must be report to the IRS by May 31.

MARCH 31, 2017 INFORMATION RETURNS: Electronic Filing. Due date for filing Form 1099 series (for reporting certain payments made) and Form 1098 series (for reporting receipt of certain payments) with the IRS electronically. See 64 for a chart of information returns and due dates.... WITHHOLDING: Electronic Filing. Last day for filing Form W-2G with the IRS if filing electronically.