IMPORTANT DATES
& DEADLINES
Be mindful that different type of corporation structures have different deadlines. Be sure to double check which deadline your company falls under to avoid any penalties. Proactively tax planning throughout the year with our team is the best way to maintain clean financial records, maximize your tax strategies, and minimize costly errors from last-minute rush.
JANUARY 13 - BENEFICIARY OWNERSHIP INFORMATION REPORT (BOI) DUE
However, they have once again revised the ruling of this requirement and has currently suspended it.
You may voluntarily file the BOI Report.
All corporations registered prior to 2024.
LLC
S Corporation
C Corporation
All forms of Partnership entities
Reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or registration becoming effective to file their initial reports.
JANUARY 15 - FINAL ESTIMATED TAX PAYMENT
Final estimated tax payment of previous year due if applicable.
JANUARY 15 to FEBRUARY 1 - EARLY BIRD RATE - BUSINESS TAX RETURNS ONLY
Businesses with all material ready and submitted to our team for tax return filing. Perfect for small businesses and start ups that are still in bootstrap phase.
JANUARY 18 - ESTIMATED TAX PENALTIES BEGIN FOR THE NEW TAX YEAR
Deadline to tax pay current tax year estimated tax balances before the next tax season begins. Estimated tax projections is best practice for high income earners and taxpayers with securities/property/business asset portfolios to proactively lower tax liabilities.
***TAX SEASON STARTS - JANUARY 27 or LATER - TBA per IRS***
JANUARY 31 - ISSUE W2 & 1099
Send out all W2s and 1099s to employees and contractors.
FEBRUARY 1 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE (PARTNERSHIPS, MULTI-MEMBER LLCS, & S-CORPS)
Business Tax Return (Initial Filing Deadline)
If all pertinent data (completed financials) and documents are not submitted in its totality by February 1st of the current tax return filing calendar year, a premium rate is determined and applied at the time of final document or data submission if return is to be filed by initial deadline.
FEBRUARY 15 to 24 - RUSH RATES - BUSINESS TAX RETURNS ONLY (PARTNERSHIPS, MULTI-MEMBER LLCS, & S-CORPS)
If you are submitting your tax documents during this period, a rush fee will apply. Late submissions will result in higher fees and expedited processing.
FEBRUARY 15 - BUSINESS & CORPORATIONS
File W2 and 1099 forms with the Social Security Administration
Provide Affordable Care Act (ACA) forms to employees
FEBRUARY 24 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE BUSINESS TAX RETURNS
Business Tax Return Cut Off
This is the final day to submit documents for inclusion in your business tax return for the mid-March IRS filing deadline. After this date, businesses will be required to file an extension. Service fees may apply to the final invoice.
FEBRUARY 28 - BUSINESS & CORPORATIONS
Paper Filing Deadline - Forms 1099MISC 1099NEC W2
Paper Filing Deadline - Form 3921
MARCH 1 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE (C-CORPS AND TRUST & ESTATES)
Business Tax Return (Initial Filing Deadline)
If all pertinent data (completed financials) and documents are not submitted in its totality by March 1st of the current tax return filing calendar year, a premium rate is determined and applied at the time of final document or data submission if return is to be filed by initial deadline.
MARCH 15 - CORPORATION TAX FILING DEADLINE
Partnerships Tax Filing Deadline
Multi Member LLCs Tax Filing Deadline
S Corporations Tax Filing Deadline
Corporate Extension Filing deadline for types of business tax returns listed
Schedule K1 to partners and shareholders
Deadline to elect S Corporation - Form 2553
MARCH 15 - 24 - RUSH RATES - BUSINESS TAX RETURNS ONLY (C-CORPS AND TRUST & ESTATES)
As with the February rush period, submitting your documents during this time will incur a rush fee. Late submissions will be processed with expedited service and additional charges.
MARCH 31 - A CORPORATION DEADLINE
Electronic filing deadline - Form 3921 Exercise of Incentive Stock Options
APRIL 1 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE (TAX-EXEMPT ORGANIZATIONS)
Tax Return (Initial Filing Deadline)
If all pertinent data (completed financials) and documents are not submitted in its totality by April 1st of the current tax return filing calendar year, a premium rate is determined and applied at the time of final document or data submission if return is to be filed by initial deadline.
APRIL 11 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE
Individual Tax Returns
Last day to request our team to file an IRS “PROPER” extension to avoid additional penalties. See rates.
You may also file the extension yourself online via irs.gov. Be mindful that if not done correctly, additional penalties and interests continue to accrue even if you filed an extension.
APRIL 15 - TAX SEASON DEADLINE
C Corporations Tax Return Filing Deadline Form 1120
Individual Tax Return Filing Deadline or Extension Filing Deadline Form 1040
Single Member LLC
Filing an income tax return for the 2024 calendar year (Form 1041) or filing for an automatic five-and-a-half month extension to October 1 (Form 7004), and paying any income tax due.
APRIL 15 - FIRST QUARTER ESTIMATED TAX PAYMENT DUE
1st estimated tax payment of current tax year due if applicable.
APRIL 15 - 24 - RUSH RATES - TAX RETURNS ONLY (TAX-EXEMPT ORGANIZATIONS)
Rush rates will apply for organizations submitting tax documents late in the season.
MAY 15 - TAX FILING DEADLINE
Tax Exempt Organizations 990 Tax Returns
JUNE 15 - SECOND QUARTER ESTIMATED TAX PAYMENT DUE
2nd estimated tax payment of current tax year due if applicable.
AUGUST 14 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE
Extended Businesses and Corporations
If all data and documents have not been uploaded by this date, expedited rates will be applied to the all billable hours of service.
SEPTEMBER 15 - THIRD QUARTER ESTIMATED TAX PAYMENT DUE
3rd estimated tax payment of current tax year due if applicable.
SEPTEMBER 15 - A RICHARD COLINS OPERATIONS QUALITY CONTROL DEADLINE
Extended Individual, Sole Proprietor, C Corp & Single Member LLC Returns
If all data and documents have not been uploaded for review by this date, expedited rates will be applied to all billable hours of service.
SEPTEMBER 15 - TAX FILING EXTENSION DEADLINE
Partnerships
Multi Member LLCs
S Corporations
SEPTMBER 30 - TRUSTS & ESTATES EXTENSION DUE
Filing an income tax return for the 2024 calendar year (Form 1041) and paying any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
OCTOBER 15 - TAX FILING EXTENSION DEADLINE
Individual
C Corporations
NOVEMBER 15 - TAX FILING EXTENSION DEADLINE
Tax Exempt Organizations 990 Tax Returns
NOVEMBER TBA BY IRS - IRS E-FILE SHUTDOWN
Clients will need to paper file after this date.
IRS AND FTB TAKING UP TO 12 WEEKS AND MUCH LONGER FOR REFUNDS AND PROCESSING OF RETURNS/AMENDMENTS