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Individual 1040 Tax Organizer

April 15 Filing Deadline

The filing deadline for most 1040 filers is April 15. If you reside outside of the United States, the filing deadline is June 15, however any tax you owe with your return must be paid by April 15.
The penalty for late-filing of a 1040 return is generally 5% of the tax owed for each month the return is filed late.  The maximum IRS penalty is generally 25%, however failure to file your Oregon return for three or more years can result in a 100% penalty.  In addition to the failure-to-file penalty, interest is charged until all tax owed with the return is paid.

You can request a 6-month extension of time to file your return by filing IRS Form 4868 on or before the original due date of your return.  NOTE: an extension of time to file is not an extension of time to pay tax owed.  You should estimate the amount of tax owed and make payment to the IRS and your state by the original due date to avoid late-payment of tax penalties and interest.

Estimated Tax Payments

The IRS requires taxpayers to make estimated tax payments when you owe tax and do not have adequate withholdings on Forms W-2 or 1099.  If you owe more than $1,000 when you file your return, IRS may impose a penalty of underpayment of estimated tax.  Even if you don't owe the IRS with your return, you may still owe a penalty if your estimated tax payments were not paid timely throughout the year.  

The due dates for payment of IRS, Oregon and California estimated taxes are as follows:

Estimated Tax Due Dates
Due Date IRS         Oregon   California
April 15 25% 25% 30%
June 15 25% 25% 40%
September 15 25% 25% 0%
January 15 25% 25% 30%

 

 

 

 

 

 

 



Where to pay your taxes

You can pay your balance due or make an estimated tax payment as follows:

Where to Pay Tax

Who do you want to pay? Website link to pay
Internal Revenue Service   https://www.irs.gov/payments
Oregon Department of Revenue https://revenueonline.dor.oregon.gov/tap/_/
California Franchise Tax Board https://www.ftb.ca.gov/pay/payment-options.html

 

 

 

 

 

 

 

 




Oregon has the same estimated tax rules as the IRS, however the state of California has different estimated tax rules which can be found on the FTB website at https://www.ftb.ca.gov/pay/estimated-tax-payments.html

You can learn more about IRS estimated tax rules on the IRS FAQ page at https://www.irs.gov/faqs/estimated-tax.

Individual 1040 Tax Organizer

Use our 1040 Organizer to gather information and prepare for your tax interview. Bring the Organizer and related documents to your tax interview.

Our job is to prepare an accurate tax return that maximizes your tax savings by claiming all tax deductions and credits you are legally entitled to. Please answer EVERY question contained in the Organizer. You may also want to visit our "Tax Client Resources" page for other helpful information.

 
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