The Individual Matters

At Robison Gary, tax compliance and planning is our forte. Our clients are in a wide range of industries and include individuals, businesses, trusts, estates, and non-profit entities. We strive to guide our clients through the full range of tax planning and preparation, with practical strategies to minimize tax liabilities, maximize cash flow, and stay on track to financial goals. Even though tax laws are continually changing, we make significant investments in tax preparation and research tools so that our service to you will be technically correct and of the highest quality.

Individual Return Timeline

  • Mid-January Organizer, Questionnaire and Engagement Letter Received from RG
  • January 31: Primary Tax Documents Received (see below)
  • February 15: Secondary Tax Documents Received (see below)
  • End of February: Tax and Firm Documents Due to RG
  • April 15: Tax Deadline - Extensions are Filed and Balances Due
  • October 15: Tax Deadline - Individual Tax Returns Due
  • November 30: Year-End Tax Planning Numbers Due to RG

Common Documents with Required Due Date

Certain Documents are required to be mailed to your home by this date. These include:

Form NumberReporting InformationDue Date
1095-CAffordable Care Act ReportingJanuary 31
1098Home Mortgage InterestJanuary 31
1098-EStudent Loan InterestJanuary 31
1098-TTuition, Reimbursement, Scholarships, GrantsJanuary 31
1098-AAcquisition or Abandonment of Secured PropertyJanuary 31
1099-CCancellation/Forgiveness of Debt IncomeJanuary 31
1099-DIVDividends, Capital Gains and DistributionsJanuary 31
1099-GGovt Payments – Including Tax Refunds & Unemployment CompensationJanuary 31
1099-INTInterest IncomeJanuary 31
1099-KCredit Card Payments in Course of Trade or BusinessJanuary 31
1099-LTCPayments Under a Long Term Care Insurance ContractJanuary 31
1099-MISC (Rent)Rent, Royalties, Prizes, Awards, and Non-Employee CompensationJanuary 31
1099-QADistributions from ABLE AccountsJanuary 31
1099-RRetirement Plan and Pension Distributions (Including IRA)January 31
1099-SA (Distributions)Distributions from HSA, Archer MSA or Medicare Advantage MSAJanuary 31
5498FMV Statement or Contributions (including rollovers) to any IRA including a SEP, Simple and Roth IRAFMV – January 31
Contribution – May 31
SAA-1099Social Security PaymentsJanuary 31
W-2Wages, Including Sick Pay and BenefitsJanuary 31
W-2GGambling WinningsJanuary 31
1099-BSales, Barters and Redemptions of SecuritiesFebruary 15
1099-MISC (Attorney Fees)Attorney’s Fees and Substitute PaymentsFebruary 15
1099-SInformation About Real Estate SalesFebruary 15
1042-SForeign Source Income ReportingMarch 15
5498-QAABLE Account ContributionsMarch 15
5498-ESACoverdell ESA ContributionsApril 30
5498-SA (Contributions)HSA, Archer MSA or Medicare Advantage MSA ContributionsMay 31

Estimated Tax Payments

Estimated Tax Payments are a method of paying tax on income that is not subject to withholding tax. This can include income from self-employment, business earnings, interest, rent, dividends and other sources. The IRS requires estimated tax to be paid quarterly, typically in 4 equal installments. Those due dates are as follows:

  • April 15: Estimated Tax Payment due for 1st Quarter of current tax year
  • June 15: Estimated Tax Payment due for 2nd Quarter of current tax year
  • September 15: Estimated Tax Payment due for 3rd Quarter of current tax year
  • January 15: Estimated Tax Payment due for 4th Quarter of current tax year

We most generally include the amount of the 1st Quarter Estimate in with the Tax Extension in April. (So, as a general rule, you will not be making the 1st Quarter Estimated tax payment.) This allows the taxpayer to have a little monetary cushion, just in case you’ve forgotten to tell us about something that resulted in an additional tax consequence. The overage (after the return is finished) will be applied to next year’s tax return. The purpose is to avoid tax penalties.

In April, we will prepare estimated tax vouchers for June and September. We recommend you make these quarterly payments. Then, when your return is finished, we will adjust the final estimate for January if needed.