IMPORTANT DATES
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
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 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.
JANUARY 31 - ISSUE W2 & 1099
Send out all W2s and 1099s to employees and contractors.
FEBRUARY 15
File W2 and 1099 forms with the Social Security Administration
Provide Affordable Care Act (ACA) forms to employees
FEBRUARY 28 - BUSINESS & CORPORATIONS
Paper Filing Deadline - Forms 1099MISC 1099NEC W2
Paper Filing Deadline - Form 3921
MARCH 15 - DEADLINES FOR BUSINESS TAX RETURNS
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 31 - A CORPORATION DEADLINE
Electronic filing deadline - Form 3921 Exercise of Incentive Stock Options
APRIL 15 - TAX SEASON DEADLINE
C Corporations Tax Return Filing Deadline Form 1120
Individual Tax Return Filing Deadline or Extension Filing Deadline Form 1040
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.
First estimated tax payment of 2024 due if applicable.
JUNE 15 - SECOND QUARTER ESTIMATED TAX PAYMENT DUE
JULY 15 - A RICHARD COLINS 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
SEPTEMBER 15 - A RICHARD COLINS DEADLINE
Extended Individual, Sole Proprietor, and 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 - EXTENSION DEADLINE FOR BUSINESSES
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 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