Horizons Fall/Winter 2019

Additional Resources

E-Focus Newsletters Breaking regulatory updates, technical summaries and industry information are sent electronically through E-Focus newsletters. View the most current industry news by visiting www.RubinBrown.com/E-Focus . Seminars From our year-end tax and accounting updates to industry-specific education, we offer events to help you learn and connect with other businesses.

March 31, 2020 Businesses Issuers need to file1099 forms if

April 15, 2020 Individuals If you are not paying all your 2020 estimated income tax through withholding, pay the first installment of your 2020 estimated tax using Form 1040-ES. C Corporations File a 2019 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic six-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns, and deposit what you estimate to owe.

electronically filing by March 31, 2020 (March 2, 2020 if paper filing). Note: 1099-MISC forms reporting non- employee compensation in box 7 are due January 31, 2020.

April 15, 2020 Individuals

If you turned age 70 ½ in 2019, you are eligible to defer your minimum required distribution to April 15th of 2020. Planning Point: The election to defer the minimum required distribution may result in undesirable results for the following year as the minimum required distribution for 2020 will need to be made by December 31. Therefore, there will be two years’ distributions on one return. Careful planning should be done prior to making the decision to defer. Individuals File a 2019 Income Tax Return (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want an automatic six-month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time to File US Individual Tax Return. Reminder: The Form 4868 only extends the time to file, not the time to pay. All tax should be paid by April 16, 2020.

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Guides and Statistical Analysis Thought leadership and market research are provided annually to assist our clients benchmark their own results. View RubinBrown’s stat books by visiting www.RubinBrown.com/Stat-Books .

C Corporations If filing on a calendar year, deposit the first installment of estimated income tax for 2020.

April 30, 2020 Federal Payroll Tax File Form 941 for the first quarter of 2020. Deposit or pay any undeposited Social Security, Medicare, and withheld federal income tax.

Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties. Readers should not act upon information presented without individual professional consultation.

Federal Unemployment Tax Deposit the tax owed through March if more than $500.

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