2025 Tax filing deadline
The filing deadline for individual (form 1040), C-corporation (form 1120) and non-profit organization is April 15, 2025.
The filing deadline for S-corporation (form 1120S) and partnership or LLC (form 1065) is March 15, 2025.
If you are not able to file by this day, you should apply for an extension. The extension can be applied before or on the due date. We encourage you to apply for it early if you think you need more time for your return.
Rental Properties
You are required to report your rental income with your tax return. Please provide your income and expense records of your rental business to us if you have rental properties. IRS requires the proof of your expense so please keep your record for any home improvement, furniture, appliance purchases. Also please notify us if you have purchased or sold rental properties during tax year.
Stock and Cryptocurrency
If you sold stocks, bonds or cryptocurrencies during tax year, you should have received form 1099B from your broker. If you have not received it by Feb 15th, you may need to go to your broker’s website and download it.
If you are using a foreign-based trading account and don’t have 1099B form, you are still required to report your transactions on your tax return, talk with us to know what documentation you need to obtain from your brokers.
You are required to report the following information on your tax return.
- Gross proceeds for each sale
- Your cost-basis in the stock you own
- Net profit for each sale
If you sold the stock(s) that you have acquired stock through Employee Stock Purchase Plans or Incentive Stock Option, you need to report on your tax return. You need to provide us Notice of Sale, Notice of Exercise, paystub or other document from your employer showing the amount of income you received from each sale.