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Dougall Conradie LLC - Newsletter

Important tax dates for 2012

January 18, 2012 - 4th Quarter 2011 Estimated Tax Payment Due

If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 18, 2012.

April 18, 2012 - Individual Tax Returns Due for Tax Year 2011

If you haven't applied for an extension, e-file or postmark your individual tax returns by midnight April 18, 2011.

Individual Tax Return Extension Form Due for Tax Year 2011

Need more time to prepare your tax return? File your request for an extension by April 18 to push your deadline back to October 17, 2011.

1st Quarter 2012 Estimated Tax Payment Due

If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, get your Form 1040-ES postmarked by April 18, 2012.

Last Day to make a 2011 IRA Contribution

If you haven't already funded your retirement account for 2011, do so by April 18, 2012. That's the deadline for a contribution to a traditional IRA, deductible or not, and a Roth IRA. However, if you have a Keogh or SEP and you get a filing extension to October 17, 2012, you can wait until then to put 2009 money into those accounts.

June 15, 2012 - 2nd Quarter 2012 Estimated Tax Payment Due

If you are self-employed or have other second-quarter income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked by June 15, 2012.

September 15, 2012 - 3rd Quarter 2012 Estimated Tax Payment Due

If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked by Sept. 15, 2012.

October 17, 2012 - Extended Individual Tax Returns Due

If you got a filing extension on your 2011 tax return, you need to get it completed and postmarked by October 17, 2012.

Last Chance to Recharacterize 2011 Roth IRA Conversion

If you converted a traditional IRA to a Roth during 2011 and paid tax on the conversion with your 2011 return, October 17, 2012 is the deadline for recharacterizing (undoing) the conversion. Doing so could save you money if the IRA has lost money since the time of the original conversion.

January 17, 2012 - 4th Quarter 2012 Estimated Tax Payment Due

If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 17, 2012. (January 15, 2012 is a Sunday and the following Monday is a federal holiday.)

 

 

 

 

Dougall Conradie LLC | 10512 SW Laurel Street, Beaverton, OR 97005 | 503-643-7405 phone | 503-643-0163 fax