October 2015 Tax Filing Reminders & Tax News

October 2015 Tax DeadlinesThe following are October 2015’s tax filing dates:

October 2015 Tax Filing Reminders

  • October 1 – Generally the deadline for businesses to adopt a SIMPLE retirement plan for 2015.
  • October 15 – Filing deadline for 2014 individual tax returns on automatic six-month extension of the April 15 deadline.
  • October 15 – If you converted a regular IRA to a Roth in 2014 and now want to switch back to a regular IRA, you have until October 15, 2015, to do so without penalty.

Check your 2015 tax payments

Don’t let penalties for underpaid taxes increase your tax bill next April. Check the total you’ve paid in
for 2015 through withholding and/or estimated taxes. If you’ve underpaid, consider adjusting your withholding for the final months of the year or increasing your remaining quarterly estimate. If you employ household workers, be sure your calculations include the payroll taxes you’ll owe for them. Remember to include the 3.8% tax on net investment income in your planning too.

2016 filing deadline extended

Next year, you’ll get a few extra days to file your 2015 income tax return. The District of Columbia
will be observing Emancipation Day on Friday, April 15, 2016, the usual filing deadline. That moves the
filing deadline for 2015 federal income tax returns to Monday, April 18. Residents of Massachusetts and
Maine get one more day to file – to Tuesday, April 19 – due to Patriots’ Day.

If you have any questions about tax deadlines or need help, please contact us. We are here to help.

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