Is it 15, 16, 17 or even 18?

One of the hardest things to keep track of as a CPA who prepares income taxes is “What is the due date of your tax return, income tax estimates and other due date?”.  Normally these due dates fall on the 15th of a month.  However, if the 15th is a Saturday, Sunday or federal holiday, the due day rolls over to the next business day. 

This can sometimes be confusing as to what the actual due date is by looking at a calendar.  For example, in my post yesterday, I referred to the farmer’s tax estimate being due on January 16 this year since January 15 falls on a Sunday.  I had looked at my calendar and noted those dates, however, my calendar did not tell me that Martin Luther King’s federal holiday was on January 16.  Therefore, the actual due date is Tuesday January 17, 2012, not Monday January 16, 2012.

Just remember, that if a tax filing due date is on a weekend day or federal holiday, it automatically rolls over to the next business day.