Spring 2010 issue of Horizons

Raise Your Expectations

St. Louis One North Brentwood St. Louis, Missouri 63105 Kansas City 10975 Grandview Dr., Building 27, Suite 600 Kansas City, MO 66210

Timely Reminders

May 17 EXEMPT ORGANIZATIONS: Exempt organizations with a calendar year must file the annual return (Form 990, Form 990- EZ or Form 990-PF) for 2009. Organizations are exempt from income tax under Code Section 501. Calendar year Section 501 organizations with unrelated business income must file income tax returns (Form 990-T). June 1 IRA OR SEP: Annual statements to the IRS must be filed regarding 2009 account balances for an IRA or SEP (Form 5498). Participants and the IRS must be provided with IRA plan contribution information. June 15 INDIVIDUALS: Individuals (other than farmers and fisherman), trusts and estates, and certain trusts must pay the second installment of 2010 estimated tax.

March 31 Electronic filing of Forms 1098, 1099 and W-2G. File forms 1098, 1099, or W-2G with the IRS. This due date applies only if you file electronically. Due date to recipients remains February 1. April 15 INDIVIDUALS: File a 2009 income tax return and pay any tax due. If you want an automatic six-month extension of time to file the return, file Form 4868. If you paid cash wages of $1,700 or more in 2009 to a household employee, you must file Schedule H. Contributions to an IRA must be made by this date. If you are not paying your 2010 income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your 2010 estimated tax. Use Form 1040-ES.

PARTNERSHIPS: File a 2009 calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1.

CORPORATIONS: Deposit the first installment of estimated income tax for 2010.

CORPORATIONS: Calendar year corporations must pay the second installment of 2010 estimated income tax.

April 30 EMPLOYERS: Employers of non-agricultural and non-household employees must file Form 941 to report income tax withholding and FICA taxes for the first quarter of 2010.

August 2 EMPLOYERS: Employers of non-agricultural and non-household employees must file Form 941 to report income tax withholding and FICA taxes for the second quarter of 2010.

FILINGS: Form 5500 due for calendar year taxpayers for 2009.

Certno.XXX-XXX-XXXX

“Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.”