The Sixth Circuit held that a shareholder-employee of a company used the company bank account for personal use. As such, the Court ruled the shareholder was an employee and owed employment tax. Joly vs. Commissioner, 211 F.3d 1269 (6th Cir., 2000).
When to file. April 15 of each year is the due date for filing your federal individual income tax return if you are a calendar year filer whose tax year ends on December 31.Your return is considered filed timely if the envelope is properly addressed and postmarked no later than April 15.owever, an extension of time to file is not an extension of time to pay. You will owe interest on any past-due tax and you may be subject to a late-payment penalty if the payment of tax is not timely (by your due date).
âWhen April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday,â IRS spokesman Ubon Mendie wrote in an e-mail, referencing the U.S. law pertaining to the IRS.