Joseph Y. Kwak & Company, P.C.

Smart Accounting & Tax Solutions.


Call Us Now: (703) 354 - 1115


  • Small Business Accounting

    We handle all accounting tasks for small business. From payroll to taxes, let us help!

  • Tax Preparation Services

    Let us take the stress out of tax returns with our friendly, dependable, and accurate tax service specialists

  • Bookkeeping Services

    We offer a full range of bookkeeping services for small business. Let us help you find a solution that works!

  • Business Consulting Services

    We provides a blueprint, describing your company, the competitive environment, management team, financial health, and business risks.

  • Retirement Planning Services

    Specializing in a personal, engaging approach, we advise a wide variety of clients–providing long-range planning, mid-career strategizing, and guidance for retirement.

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To do's & Due DatesThere are some important dates

January

Jan. 15th

  • Estimated Taxes - Final installment of prior year's estimated tax (Form 1040-ES) by individuals unless income tax freturn is filed with final payment by January 31.
  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the Electronic Federal Tax Payment Service ("EFTPS").
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Jan. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Jan. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

Jan. 31th

  • Employers’ Taxes – Employers of nonagricultural and nonhousehold employees file return on Form 941 for withheld income and FICA taxes in the last quarter of the prior year. Also, employers need to file various state payroll tax .
  • Withholding – Employees’ statements (Form W-2 and Form 1099-R) for amounts withheld in the prior year to be furnished by employer to employees.
  • Information Returns – Annual 1099 series returns (together with transmittal Form 1096 for paper filings or Form 4804 for magnetic media filings) must be filed with the IRS to report payments to recipients.

February

Feb. 15th

  • Federal Payroll Tax – Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax – State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Feb. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Feb. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

March

Mar. 1st

  • Business License – Most of the Virginia County’s & City’s Business, Professional, & Occupational License (“BPOL”) are must be filed and paid.

Mar. 15th

  • Corporation – Due date for the prior year’s income tax returns (Forms 1120 & 1120S) for calendar-year U.S. corporations & S-corporations.
  • Extension-Corporations – Last date for filing application (Form 7004) by calendar-year corporations for automatic six-month extension for file the prior year’s income tax return.
  • Federal Payroll Tax – Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax – State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Mar. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS. · Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Mar. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

Mar. 31st

  • Withholding-Electronic Filing – Last day for filing Form W-2 with the SSA for Form W-2G with the IRS if fling electronically (not by magnetic media).

April

April 15th

  • Individual - Income tax and self-employment tax returns of individuals for the priro year. Fiscal-year individuals must file returns or requests for extension by the 15th day of the 4th month after the close of the tax year.
  • Extension-Individuals - Last day for calendar-year individuals to file application (Form 4868) for automatic six-month extension to file the prior year's income tax return.
  • Estimated Tax-Corporations - Calendar-year corporations pay 25% of estimated tax if requirements are met before April 15.
  • Estimated Tax-Individuals - Payment of first installment of current year's estimated income taxes by calendar-year individuals (Form 1040-ES).
  • Partnerships - Last day for filing income tax return (Form 1065) for the prior tax year.
  • Extension-Partnerships - Last day for calendar-year U.S. partnerships to file application (Form 7004) for automatic six-month extension to file the prior year's income tax return.
  • Maryland Business Personal Property Tax - Deadline for filing business personal property returns or 60 day extension requests.
  • District of Columbia - Last day to file corporation’s annual or bi-annual reports.
  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Apr. 20th

  • District of Columbia State Payroll Tax - State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax - Last day to file and pay states’ & local sales and use tax returns.

Apr. 25th

  • Virginia State Payroll Tax - State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

Apr. 30th

  • Employers’ Taxes - Employers of nonagricultural and nonhousehold employees must file return on Form 941 to report income tax withholding and FICA taxes for the first quarter.

May

May 1st

  • Virginia Business Tangible Personal Property Tax - Last day to file Virginia County’s business tangible personal property tax returns.

May 15th

  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

May 20th

  • District of Columbia State Payroll Tax - State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax - Last day to file and pay states’ & local sales and use tax returns.

May 25th

  • Virginia State Payroll Tax - State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

June

Jun. 15th

  • Individuals - Last day for nonresident alien individuals not subject to withholding to file income tax return for the prior year.
  • Estimated Tax-Corporation - Calendar-year corporations must pay second installment of an estimated tax.
  • Estimated Tax-Individuals - Payment of second installment of current year's estimated tax by individuals. Nonresident aliens who have no wages subject to U.S. withholding must make first payment (Form 1040ES(NR)).
  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.
  • Maryland Business Personal Property Tax - Deadline for filing extended business personal property returns.

Jun. 20th

  • District of Columbia State Payroll Tax - State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax - Last day to file and pay states’ & local sales and use tax returns.

Jun. 25th

  • Virginia State Payroll Tax - State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

July

Jul. 15th

  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Jul. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Jul. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

Jul. 31st

  • Employers’ Taxes - Employers of nonagricultural and nonhousehold employees must file return on Form 941 to report income tax withholding and FICA taxes for the second quarter.

August

Aug. 15th

  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Aug. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Aug. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

September

Sep. 15th

  • Estimated Tax-Corporation - Calendar-year corporations must pay third installment of current year's estimated tax.
  • Estimated Tax-Individuals - Payment of third installment of current year's estimated tax by individuals.
  • Corporations - Last day for filing the prior year's income tax return by calendar-year corporations that obtained automatic six-month filing extension.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.
  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.

Sep. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Sep. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

October

Oct. 15th

  • Partnerships - Last day for filing the prior year's Form 1065 for calendar-year partnerships that obtained an automatic six-month filing extension.
  • Individuals - Last day for filing the prior year's income tax return by calendar-year individuals who obtained automatic six-month filing extension.
  • Federal Payroll Tax - Employer’s payroll withholdings need to be deposited by using the EFTPS.
  • Maryland State Payroll Tax - State payroll withholdings need to be paid in by using the Form MW-506 or by EFTPS.

Oct. 20th

  • District of Columbia State Payroll Tax – State payroll withholdings need to be paid in by using the Form FR-900M or by EFTPS.
  • Sales Tax – Last day to file and pay states’ & local sales and use tax returns.

Oct. 25th

  • Virginia State Payroll Tax – State payroll withholdings need to be paid in by using the Form VA-5 (VA) or by EFTPS.

November

Nov. 15th

  • Employees - who work for tips. If you received $20 or more in tips during October, report them to your employer. You can use Form 4070.
  • Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the third quarter of 2016. This due date only applies if you deposited the tax for the quarter timely, properly, and in full.

Nov. 15th

  • Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in October.
  • Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in October.

December

Dec. 15th

  • Employees - who work for tips. If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.

Dec. 15th

  • Corporations - Deposit the fourth installment of estimated income tax for 2016. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
  • Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in November.
  • Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in November.

Contact info


Joseph Y. Kwak & Company, P.C.
4208 Evergreen Lane., Suite 234
Annandale, VA 22003
(703) 354-1115

Email Us for Questions Involving
Payments, Billing, and Tax.