The clock is ticking to file your tax forms!
January 29 was the official start date to start filing your taxes! You had everything ready ahead of time and submitted it, right? No? If not, then it may be helpful to know when your forms need to be filed. The following is a list of the deadlines due dates for filing the 2023 business and/or personal tax forms:
January 31, 2024 (Wednesday)
Form W-2 - Employers must mail or otherwise provide W-2 forms for employees paid in 2023
Form 1099 including: (see our previous blog on 1099s!)
Form 8809 - Application for Extension to file Forms 1099, etc
February 15, 2024 (Thursday)
Form 1099 including: (see our previous blog on 1099s!)
March 15, 2024 (Friday)
This is the big day for many LLCs and S-Corporations as the annual return or an extension must be filed. If you’re like many business owners, you may not be ready to file your taxes yet, but you can request an extension with a Form 7004.
Form 1065 - Annual Tax Return for Partnerships (LLCs with multiple members, LLPs)
Form 1120-S - Annual Tax Return for S-Corporations
Form 7004 - Extensions for Partnerships and S-Corporations
Form 2553 - Election for S-Corporation (see our previous blog on taking this election)
April 15, 2024 (Monday)
This is when tax filings for individuals are due, but also the day when sole proprietors and single member LLCs must file. If you filed or you’re filing an extension, you’ll still need to pay your estimated taxes by April 15 to avoid paying interest.
Form 1120 - Annual Tax Return for C-Corporations
Form 1040 with Schedule C - Annual Tax Return for sole proprietors and single member LLCs
Form 4868 - Extensions for Individuals (including sole proprietors and single member LLCs)
Payments due for all 2023 taxes - Pay any estimated taxes by now, even if filing an extension
September 16, 2024 (Monday)
If you filed an extension earlier in the year, this is when Partnerships and S-Corporations must file or face pemalties and interest.
Form 1065 - Annual Tax Return for Partnerships (LLCs with multiple members, LLPs)
Form 1120-S - Annual Tax Return for S-Corporations
October 15, 2024 (Tuesday)
If you filed an extension earlier in the year, the time has come for Individuals, Sole Proprietors, and single member LLCs to file. If you miss this date, your return will be considered late by the IRS, which means penalties and interest will start to be added.
Form 1120 - Annual Tax Return for C-Corporations
Form 1040 with Schedule C - Annual Tax Return for sole proprietors and single member LLCs
December 31 (Tuesday)
401(k) contributions deadline for 2024
Charitable donations deadline for 2024
Hopefully you’ve got your accounts in good shape and are on track to file all of the required forms. If not, Brightleaf is happy to help you with your accounting and bookkeeping, get your numbers accurate, help you understand what you need to fine and with whom, and get you ready for your future plans!
- John Thrush