The fourth and final estimated quarterly tax payment for the previous tax year is due today. Note: Individuals, you do not have to file this payment due on January 15, —so long as you file your tax return by January 31, and pay the remaining balance owed with your return see Form ES for details.
One W-2 must be submitted to the IRS. The other must be sent to the employee. The deadline for both is February 1, If you work with independent contractors , the new NEC form is due February 1, Copy A must be filed with the IRS by this date. Copy B must be furnished to the contractor on this date, as well. Some s will require a MISC form. This due date will only be for paper filing. If you file electronically or miss the paper filing deadline, you can file on March 31, Today is the deadline to file your S corporation tax return Form S or Partnership return Form Note that S corporations and Partnerships do not pay taxes on their income.
That tax is paid on the individual incomes of the shareholders or partners, respectively. March 15 is also the deadline to file for an extension for S corp and partnership tax returns. So it begins. If your business pays taxes on a quarterly basis, the first estimated quarterly tax payment is due today. Today is the deadline to file C corporation tax returns Form C corporations in Texas, Oklahoma, and Louisiana have until June 15 to submit their tax returns.
April 15 is also the deadline to file for an extension to file your corporate tax return. Form , U. Corporation Income Tax Return. Form , Application for an Automatic Extension of Time. Each state determines their own tax deadlines. Form has been simplified and now consists of two parts. Part I includes, in form number order, all the forms for which Form is used to request an extension of time to file.
Filers requesting an extension will enter in the box located at the top of Part I the form code for the return for which the extension is requested. Part II includes questions for all filers. Address changes for filing Form The address for filing Form has changed for some entities located in Georgia, Illinois, Kentucky, Michigan, Tennessee, and Wisconsin. See Where To File later.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed. Business Taxes Professional Taxes. Sign In. The purpose of the form is to report the amount of wages the S corporation owes unemployment taxes for, which the corporation is responsible for sending to the IRS. The due date for filing Form is Jan. However, if the corporation pays the entire tax on time, the IRS allows it to file as late as Feb.
If the corporation files its Form after the deadline and it has an unpaid tax balance, a 5 percent penalty may be assessed on the balance for each month or partial month the tax is late, up to a maximum of 25 percent. Similar penalties apply to filing Form after the due date as well. TurboTax Self-Employed uncovers industry-specific deductions.
Some you may not even be aware of. Find more tax deductions so you can keep more of the money you earn with TurboTax Self-Employed. When and How to Incorporate. Startup Business Tax Tips. What is Excise Tax? A Mechanic's Guide to Tax Deductions. Estimate your tax refund and where you stand Get started. See if you qualify for a third stimulus check and how much you can expect Get started.
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