Client References / FAQ

1. WHEN IS THE DEADLINE TO FILE MY PERSONAL INCOME TAX RETURN?

The last day to file a personal tax return for a year without penalties and interest is April 15 of the following year. You may file for an extension by that date as well, which will give you until October 15, to file the tax return. Remember, if you owe taxes, and you filed an extension, you must still pay your taxes by April 15 if you do not want to be charged for late payment penalties and interest.

2. WHEN IS THE DEADLINE TO FILE MY BUSINESS INCOME TAX RETURN?

• CORPORATION (FORM 1120) – April 15, W/EXTENSION SEPTEMBER 15.
• S-CORPORATION (FORM 1120S) – MARCH 15, W/EXTENSION SEPTEMBER 15.
• LLC & PARTNERSHIP (FORM 1065) – MARCH 15, W/EXTENSION SEPTEMBER 15.
• ESTATE OR TRUST (FORM 1041) – APRIL 15, W/EXTENSION SEPTEMBER 15.
• NON PROFIT (FORM 990) – MAY 15, W/EXTENSION PT I AUGUST 15, W/EXTENSION PT II NOVEMBER 15.

3. WHERE IS MY REFUND?

• IRS – Federal
  • www.irs.gov/Refunds
• FTB – California
  • https://www.ftb.ca.gov/refund/index.asp

4. WHAT ARE THE MOST CURRENT TAX UPDATES AND CHANGES SO FAR THIS YEAR, AND WHAT TAX CREDITS OR INCENTIVES SHOULD I BE WATCHING FOR?

• Our monthly newsletter will provide you with all kinds of current news and updates for the upcoming tax year. You may find these in the Newsletter Archive to the left.

5. WHAT IS MY INCOME TAX RATE?

Married Individuals Filing Joint Returns and Surviving Spouses
If Taxable Income Is:	The Tax Is:
Not over $18,150	10% of the taxable income
Over $18,150 but not over $73,800	$1,815 plus 15% of the excess over $18,150
Over $73,800 but not over $148,850	$10,162.50 plus 25% of the excess over $73,800
Over $148,850 but not over $226,850	$28,925 plus 28% of the excess over $148,850
Over $226,850 but not over $405,100	$50,765 plus 33% of the excess over $226,850
Over $405,100 but not over $457,600	$109,587.50 plus 35% of the excess over $405,100
Over $457,600	$127,962.50 plus 39.6% of the excess over $457,600

Unmarried Individuals (other than Surviving Spouses and Heads of Households)
If Taxable Income Is:	The Tax Is:
Not over $9,075	10% of the taxable income
Over $9,075 but not over $36,900	$907.50 plus 15% of the excess over $9,075
Over $36,900 but not over $89,350	$5,081.25 plus 25% of the excess over $36,900
Over $89,350 but not over $186,350	$18,193.75 plus 28% of the excess over $89,350
Over $186,350 but not over $405,100	$45,353.75 plus 33% of the excess over $186,350
Over $405,100 but not over $406,750	$117,541.25 plus 35% of the excess over $405,100
Over $406,750	$118,118.75 plus 39.6% of the excess over $406,750

Married Individuals Filing Separate Returns
If Taxable Income Is:	The Tax Is:
Not over $9,075	10% of the taxable income
Over $9,075 but not over $36,900	$907.50 plus 15% of the excess over $9,075
Over $36,900 but not over $74,425	$5,081.25 plus 25% of the excess over $36,900
Over $74,425 but not over $113,425	$14,462.50 plus 28% of the excess over $74,425
Over $113,425 but not over $202,550	$25,382.50 plus 33% of the excess over $113,425
Over $202,550 but not over $228,800	$54,793.75 plus 35% of the excess over $202,550
Over $228,800	$63,981.25 plus 39.6% of the excess over $228,800

Heads of Households
If Taxable Income Is:	The Tax Is:
Not over $12,950	10% of the taxable income
Over $12,950 but not over $49,400	$1,295 plus 15% of the excess over $12,950
Over $49,400 but not over $127,550	$6,762.50 plus 25% of the excess over $49,400
Over $127,550 but not over $206,600	$26,300 plus 28% of the excess over $127,550
Over $206,600 but not over $405,100	$48,434 plus 33% of the excess over $206,600
Over $405,100 but not over $432,200	$113,939 plus 35% of the excess over $405,100
Over $432,200	$123,424 plus 39.6% of the excess over $432,200