S-CORPORATIONS: File a 2020 calendar year income tax return (Form 1120S) and pay any tax, interest, and penalties due. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120S) or substitute Schedule K-1 (Form 1120S). S-CORPORATION ELECTIONS: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2021. … Continued
BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution for failed ADP/ACP without 10% excise tax is due (non EACAs only). Eligible Automatic Contribution Arrangements (EACAs) have until June 30, 2021 to make corrective contributions without a 10% excise tax. For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.
Form 1042 is due. An automatic 6-month extension using Form 7004 can be filed. This is NOT an extension to pay. Form 3520-A is due for calendar year foreign trusts with a US owner. An automatic 6-month extension is available, using Form 7004. Form 8804 must be filed to report withholding tax on income from … Continued
BLS is a Copper Sponsor for Chester County Community Foundation's 2021 Sweet Charity Events! Join the Chester County Community Foundation on Zoom Tuesday, March 16, 2021 at 12pm for the second session of their Sweet Charity Event. Growing & Sourcing Locally: Where does my food come from? Terry Brett, CEO, Kimberton Whole Foods Pete Flynn, Owner, Pete’s … Continued
Michael D. Kelly, CPA, will be presenting at NAIFA DE's Spring Symposium on the topic of Tax Planning Topic: Tax Planning with Michael D. Kelly, CPA Date: Tuesday, March 23, 2021 Time: 9:35am - 10:25am ET The show must go on – albeit virtual – NAIFA Delaware is continuing to offer the opportunity to … Continued
Christopher J. Ciminera, CPA, QKA, will be presenting at Strafford's Webinar - Employee Benefit Plan Voluntary Correction Programs: Fixing Costly Errors and Preserving Tax Benefits Topic: Employee Benefit Plan Voluntary Correction Programs: Fixing Costly Errors and Preserving Tax Benefits Date: Tuesday, March 23, 2021 Time: 1:00pm - 2:50pm ET This webinar will provide employee … Continued
BLS is a Copper Sponsor for Chester County Community Foundation's 2021 Sweet Charity Events! Join the Chester County Community Foundation on Zoom Tuesday, March 30, 2021 at 12pm for the second session of their Sweet Charity Event. Sweet Charity à la COVID Chef Jessica Perez, Carlino’s Market March 30, 2021 12:00pm Network, learn insider dessert … Continued
BENEFIT PLAN DEADLINE (12/31 year end): Required Minimum Distribution (RMD) beginning date for 5% owners and terminated participants who turned 72 in 2020. This deadline applies only to the first RMD. Subsequent RMDs must be made by December 31 of each year For additional information on these deadlines or our employee benefit plan audit services, please click here to contact … Continued
BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution of 402(g) (excess deferrals) For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.
Deadline to file FINCen 114 (Formerly known as Form TD F 90-22.1) (FBAR). Reporting is on a calendar year, regardless of the taxpayer’s fiscal year elected. Foreign-owned U.S. disregarded entities must paper file a pro-forma Form 1120 and Form 5472. An automatic extension to October 15, 2021 using Form 7004 is available. For additional information on these deadlines or … Continued