Important Tax Dates for 2018

Published: January 16, 2018
Tagged: Wash Sales, 1099-B, 2017 Taxes

Tax Day is coming, are you ready?

This year most of us get a few extra days of time to prepare tax filing, thanks to a weekend and a holiday. But don't wait till the last minute! Take note of the key dates below that affect you, and make a plan now so tax time is a little easier.

Trader Tax Needs

Taxes are always a bit more challenging for active traders and investors. Here's what you need to prepare your trader tax reporting:

Click here to learn more about why active traders use TradeLog Software.

Important Dates:

January 29, 2018 IRS begins accepting and processing 2017 returns
February 15, 2018 Brokers to furnish 1099-B statements (unless they receive an extension from the IRS)

2017 Tax Year Filing Deadlines:

March 15, 2018 Partnerships (Form 1065) and S Corps. (Form 1120S): File 2017 returns, or for an extension
April 17, 2018 Individuals (Form 1040), Estates & Trusts (Form 1041), and Corporations (Form 1120): File 2017 returns, or for an extension

Extension Return Due Dates:

September 15, 2018 Partnerships (Form 1065) and S Corps. (Form 1120S)
October 1, 2018 Estates & Trusts (Form 1041)
October 15, 2018 Individuals (Form 1040) and Corporations (Form 1120)

Refund Timing:

The IRS expects to issue 90% of refunds in less than 21 days. However, there are certain situations that may require you to wait longer for your refund. Learn more at irs.gov.

Need help?

The TradeLog Support Team is ready to help. Check out our Support Center to review our guides and documentation, or to request support.

If you need professional help, such as a TradeLog Service Provider, contact them today to schedule your needs before they get booked up.

TIP: Some active traders elect to file an extension for more time. This allows more time if brokers make 1099-B amendments. And if they need TradeLog support the response time is faster after the April tax deadline. Of course, you'll need to estimate your taxes with your extension filing, you can use TradeLog to get an estimate by running draft reporting. Talk with your tax professional about your situation and options for filing an extension.

See why thousands of active traders choose TradeLog for accurate wash sale reporting.

Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Cogenta Computing, Inc. does not make investment recommendations nor provide financial, tax or legal advice. You are solely responsible for your investment and tax reporting decisions. Please consult your tax advisor or accountant to discuss your specific situation.