Apr
17
11:00 AM11:00

8865 for Individuals, LLCs, Corps, Partenerships & Trusts with Foreign Partnership

FORM: 8865

DUE DATE: 17-Apr

WHO IT APPLIES TO

  1. Individuals with 10% Ownership of Foreign Partnership
  2. LLCs with 10% Ownership of Foreign Partnerhsip
  3. Corporations with 10% Ownership of Foreign Partnership
  4. Partnerships with 10% Ownership of Foreign Partnership
  5. Trusts with 10% Ownership of Foreign Partnership"

PENALTIES: 10% of the amount contributed to the partnership

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Apr
1
10:30 AM10:30

1040 for Individual Taxpayers

FORM: 1040

DUE DATE: 17-Apr
WHO IT APPLIES TO: Individal Taxpayers - US Persons

PENALTIES: The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%. If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller.

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Mar
15
1:00 PM13:00

1042T for LLCs & Corporations with Foreign Contractors

Report
March 15th

Who it Applies For:

  1. LLCs with Foreign Contractors, Landlords & Attorneys
  2. Corporations with Foreign Shareholders, Contractors, Landlords & Attorneys

Form: 1042-T

Penalties: $50 per Form 1042-S if you correctly file within 30 days after the required filing date,$100 per Form 1042-S if you correctly file more than 30 days after the due date but by August 1, $260 per Form 1042-S if you file after August 1 or you do not file correct Forms 1042-S; the maximum penalty is $3,193,000 per year ($1,064,000 for a small business).; the maximum penalty is $532,000 per year ($186,000 for a small business).

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