Stay on Top of Important Tax Due Dates

At Republic Tax Solutions, we understand the importance of meeting tax deadlines to avoid penalties and ensure compliance. Below are key tax due dates to keep in mind:

Personal Tax Due Dates

For individual tax returns, the due date is typically April 15th or the next business day if it falls on a weekend or holiday. An extension offers 6 more months to file taxes, but does not extend the time to pay. It is adviseable to pay the amount due with the extension to avoid penalties. 

Business Tax Due Dates

Business tax return due dates can vary based on the entity type. It's essential to be aware of the specific deadlines to avoid late fees.

Due March 15:

  • Form 1120-S (S corps, LLCs taxed as S corps)
  • Form 1065 (partnerships, LLCs taxed as partnerships)

Due April 15:

  • Form 1120 (C corps, LLCs taxed as C corps)
  • Form 1040 Schedule C (sole proprietors)

 

 

     

    Estimated Taxes and quarterly payments

    As a self-employed individual, generally you are required to file an annual income tax return and pay estimated taxes quarterly.

    In most cases, you must pay estimated tax for 2024 if both
    of the following apply.
    1. You expect to owe at least $1,000 in tax for 2024,
    after subtracting your withholding and refundable credits.
    2. You expect your withholding and refundable credits
    to be less than the smaller of:
    a. 90% of the tax to be shown on your 2024 tax return,
    or
    b. 100% of the tax shown on your 2023 tax return. Your
    2023 tax return must cover all 12 months.

    Payment Due Dates
    You can pay all of your estimated tax by April 15, 2024, or
    in four equal amounts by the dates shown below.
    1st payment . . . . . . . . . . . . . . . . .
    2nd payment . . . . . . . . . . . . . . . .
    3rd payment . . . . . . . . . . . . . . . . .
    4th payment . . . . . . . . . . . . . . . . .
    April 15, 2024
    June 17, 2024
    Sept. 16, 2024
    Jan. 15, 2025*
    * You don’t have to make the payment due January 15,
    2025, if you file your 2024 tax return by January 31, 2025,
    and pay the entire balance due with your return.

    Fiscal year taxpayers. You are on a fiscal year if your
    12-month tax period ends on any day except December
    31. Due dates for fiscal year taxpayers are the 15th day of
    the 4th, 6th, and 9th months of your current fiscal year and
    the 1st month of the following fiscal year.

    Don't Miss Another Tax Deadline

    Let Republic Tax Solutions help you navigate tax due dates and stay compliant. Contact us today for expert tax preparation services.