I recently ran a scheduled payroll from 8/1 to 8/31 so I expected the payroll tax liabilities for federal withholding to be due on 9/15 for the period of Aug 2021, but instead it had a due date of 10/13 and a period of Sept 2021. It's one month i...
Self-Employed Federal Income TaxesA Guide to Paying Quarterly TaxesCan't File by the Deadline? Top 3 Reasons to File a Tax ExtensionWhen are Taxes Due? Important Tax Deadlines and DatesWhat is My Tax Bracket? More inVideos Video: What's New for Tax Year 2023?Video: Last-Minute Tax Tips...
If the due date falls on a weekend or a federal holiday, then the next business day will be the deadline for filing the extension. For the 2024 tax year, the deadline to file form 7004 for tax returns such as 1065, 1120-S, and more is March 17, 2025. And for the tax returns ...
Employers must submit this form by January 31, so the due date for reporting 2024 unemployment taxes is January 31, 2025. Form 941opens in a new tab reports federal payroll and income taxes every quarter using the same cadence as quarterly tax deposits (i.e., the final day of the month...
In addition, those who don't have employers withholding taxes on their behalf (think: freelancers, side hustlers, the self-employed, those with substantial investment income) may have to make federal tax payments every 3 months based on what they estimate their annual income to be. You may ne...
aTax Due Diligence should cover all taxes whether federal, state, local or foreign, including taxes on property, excise taxes, sales taxes, value added taxes, taxes withheld from employees salaries and other withholding taxes, real estate taxes, levies, custom duties and other duties and social ...
February 18, 2025 - Reclaim your exemption from withholding. If you chose to claim an exemption from your employer withholding taxes from your paycheck last year by filing a Form W-4, you’ll need to re-file the form by this date. You would file this exemption request if you antici...
For all other C-corporations besides December 31 and June 30 year-ends, returns will now be due on the 15th of the 4th month after year-end with a six-month extension allowed from that date. Partnership Form 1065 March 15 For Partnerships with a year-end of December 31, federal returns...
In addition, use the1099-MISC Formto report that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment. Even if the payment is less than $600 and withheld any federal income tax under a backup withholding,...
If you still owe estimated taxes for tax year 2020, you should make your fourth quarter payment usingForm 1040-ESby January 15 to avoid incurring a Q4 estimated tax penalty. Exception:If you file your 2020 tax return and pay any tax due by January 31, 2021, you can likewise avoid a Q4...