05 Sep 2023 Upcoming Tax Deadlines to Keep in Mind
Tax season is that time of the year that sneaks up on us before we know it. With the year flying by, it’s essential to mark your calendars for the upcoming tax deadlines to ensure a smooth and stress-free filing process. Whether you’re an individual taxpayer, a business owner, or somewhere in between, staying on top of these dates is crucial. Here’s a quick reminder of the key tax deadlines you need to keep in mind:
Individual Taxpayers:
October 16, 2023: This is the extended deadline for filing your 2022 individual tax returns if you requested an extension earlier this year. Complete your return and submit any payments owed by this date to avoid penalties.
Business Owners:
September 15, 2023: For partnerships and S corporations, this is the extended deadline for filing your 2022 tax returns. Remember to provide Schedule K-1s to your partners or shareholders.
October 16, 2023: If you’re a C corporation that filed for an extension, your deadline to submit the 2022 tax return is approaching. Make sure to complete all required forms and calculations accurately.
Trust & Estates:
October 2, 2023: If you need to file a trust or estate return, they only receive a 5 ½ month extension. Please make sure you have everything with your accountant as soon as possible.
Employers:
January 31, 2024: This is the deadline for employers to furnish W-2 forms to their employees and 1099 forms to contractors. Ensure your employees have the necessary documents to file their individual tax returns.
Estimated Tax Payments:
September 15, 2023: If you must make quarterly estimated tax payments, the third installment for the 2023 tax year is due on this date. Make sure to calculate your estimated tax liability correctly to avoid underpayment penalties.
Remember that missing tax deadlines can result in penalties and unnecessary stress. If you need clarification on specific tax requirements or assistance with your filings, talk to your tax professional at Haynie & Company.
So, mark your calendars, gather your documents, and stay proactive to make this tax season a breeze. Remembering these dates, you’ll be well-prepared to tackle your taxes and avoid any last-minute rush.