Women’s Day Special: CA Heer Gajjar Launches Silver Jubliee Edition of Weekly Taxation News Letter with CS Lalit Rajput
March 8 is celebrated as International Women’s Day every year. The social, political, economic, and cultural achievements of women are celebrated on this day globally. German Marxist philosopher Clara Zetkin organized the first-ever Women’sDay celebration in 1911.
On this day, the world remember the courage as well as sacrifice of women at different levels who are contributing in empowering the community in every possible way.
On this special day, Ms. CA Heer Gajjar launches Silver Jubliee edition of weekly taxation news letter with Mr. CS Lalit Rajput who are actively involved in empowering the professional community. This is a remarkable moment for Tax Concept platform too.
You can download the 25th edition of weekly taxation news letter by pressing “download” button :
Tax Concept’s CA Heer Gajjar and CS Lalit Rajput Launches 23rd Edition of Weekly Taxation Newsletter. Readers Says This is Best Ever Edition
On 15th February, 2021, CA Heer Gajjar and CS Lalit Rajput launches 23rd edition of Weekly Taxation Newsletter for ease of understanding of professionals. This newsletter contains relevant taxation due dates, tax case laws, international taxation, departmental updates etc.
After reading this newsletter, some readers said that this is best ever edition of weekly taxation newsletter. Some of the feedback are quoted as under :
This newsletter is really fantastic which covers direct tax, indirect tax insights and keep us updated. All due dates and notifications there so that nothing is missed out.
Ajay Rathi
Very informative. Good case laws covered.
Chintan Sharma
You can also download the newsletter. To download the newsletter, please click on Download button :
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Just as we have different tax return forms for different purposes, The United States of America is no exception. U.S. also prescribes different types of tax returns for different purposes.
The tax returns are differentiated on the basis of the income on which one is liable to pay taxes. This is similar to filing of different returns prescribed by Indian Income Tax Department for different “Persons” and “Income from Different Sources”.
U.S. Income Tax Return for Corporation (Other than S corporation)
Accounting as per : Calendar Year -15th April (following year end) Non-Calendar Year – 15th Day of Third month following the close of corporation’s tax year
6
1120S
U.S. Income Tax Return for S Corporation
Accounting as per : Calendar Year -15th March(following year end) Non-Calendar Year – 15th Day of Third month following the close of corporation’s tax year
7
2553
Election by a Small Business Corporation
An entity can opt for status of S corporation with unanimous consent of shareholders on or before 15th day of third month of its tax year
Accounting as per : Calendar Year -15th May(following year end) Non-Calendar Year – 15th Day of fifth month following the close of entity’s tax year
11
5500
U.S. Income Tax Return for Employee Benefit Plan
Accounting as per : Calendar Year -7th July(following year end) Non-Calendar Year – Last Day of seventh month following the close of entity’s tax year (There are exceptions for direct filing entities DFE’s)
Apart from the above specific returns, there are certain other Information Returns that should be filed as well such as W-2, 1099-MISC, 1097, 1098, 1099, 3921, 3922 etc. The time-lines for all these returns vary.
Furthermore if any of the above due-date falls on a Saturday, Sunday or legal holiday, the deadline is moved to the next business day.
Wrapping Up
The above is a small effort to bring preliminary awareness about the various tax returns in U.S. and their applicable due-dates. Further please bear in mind that the above due-dates are generic and prone to change in case of any automatic extension. Shall you have any concerns or would like to have any discussions, please feel free to reach out to me at caheergajjar@gmail.com
Disclaimer : IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION.
