Set 6 TX Tax Admin Flashcards
1
Q
Individual filing deadlines
A
Apr 30
June 15 if taxpayer OR spouse carried on business
2
Q
Corp filing deadlines
A
6 months after YE
3
Q
Individual balance due date
A
Apr 30
4
Q
Corp balance due date
A
Two months after year end OR three months after year end for certain CCPCs
5
Q
Instalments due for individuals if they estimate how much tax is owing?
A
Over 3k for current year and one of the prior two years
6
Q
Penalties assessed when
A
missed payment deadline late or deficient instalments failure or repeat failure to pay repeated failure to report over $500 in income false statement or omission misrepresentation in tax planning participating in misrepresentation
