This is to remind our Reddit small business friends that a key tax deadline is approaching on September 15, 2017, just 6 weeks from now:
Individuals: If you are not paying your 2017 income tax through withholding (or you will not pay enough tax during the year), the third installment of your 2017 estimated tax needs to be paid by September 15.
Partnerships: If a 6-month tax extension was requested, you need to file 2016 partnership tax returns (Form 1065) by September 15. Remember to provide each partner with a copy of their Schedule K-1.
S Corporations: If a 6-month tax extension was requested, you must file 2016 S corporation tax returns (Form 1120S) by September 15. Remember to provide each shareholder with a copy of their Schedule K-1.
ASAP: And for those who are behind in their estimated taxes, or did not request extensions in the spring, everything moves to the category of ASAP, to avoid potential penalties and interest.
Please reach out if you have questions, or if you need help.