What are the deadlines for filing 2024 corporate taxes? Are you a seasoned tax pro? Or just incorporated and are filing your company’s taxes for the first time? Regardless which category you’re in, staying on top of your business’ taxes is not easy.
There are many different tax deadlines that may apply to your business. For example, filing corporate income tax itself, W-2s for each of your employees, or paying quarterly payments.
To help make sure you’re prepared for 2024 deadlines for corporate taxes, we’ve assembled a list of tax deadlines. They are specific to LLCs and C corporations that elect to be taxed as C corporations.
2024 Deadlines For Corporate Taxes
January 16, 2024
September-December quarterly payment deadline
You will need to make estimated tax payments to the IRS if you expect to pay $500 or more in taxes for the year. January 16th is when the estimated quarterly tax payment for the September 1 to December 31, 2023 period is due. And don’t forget that this is the last quarterly payment due for the prior year.
January 31, 2024
Form W-2 deadline
You need to file a wage and tax statement (W-2) for each of your employees. Two copies for each employee are required before January 31, 2024. One copy to the employee and the other copy to the IRS.
Form 1099-NEC deadline
Also due on January 31, 2024 is filing form 1099-NEC. This form is specific to businesses that work with independent contractors. Again two copies need to be sent; Copy A must be filed with the IRS, and Copy B must be sent to the contractor.
February 28, 2024
Form 1099-MISC paper filing deadline
Examples of miscellaneous payments include rent, attorney fees, etc. These types of payments require a 1099-MISC form. Send Copy A to the IRS, and Copy B to the payee. Only send these forms to the noted people if you are filing 1099-MISC on paper. Otherwise, March 31, 2024 is the filing date if you are filing electronically.
April 15, 2024
January-March quarterly payment deadline
If you expect to owe more than $500 in taxes this year. Your estimated quarterly tax payment for the period spanning January 1 to March 31, 2022, is due today.
C corporation tax returns deadline
April 15, 2024 is also the deadline for calendar year filers to file their C corporation’s federal tax return (Form 1120) for 2023 tax year. Or, to file for an extension to file your corporate tax return. Even if you successfully file for an extension, this is also the deadline to pay tax amounts due.
June 17, 2024
April-May quarterly payment deadlines
The estimated quarterly tax payment for the period spanning April 1 to May 31, 2024, is due today.
September 16, 2024
June-August quarterly payment deadlines
For the period spanning June 1 to August 31, 2024, your estimated quarterly tax payment is due September 16, 2024.
October 15, 2024
C corporation tax return extension deadline
C corporations that filed for an extension, income tax return is due today.
Conclusion
Time is money. Don’t spend it doing your own bookkeeping and taxes. Let the pros at The Ray Group get your books and taxes up to IRS standards and off your to-do list. Take back valuable time for the tasks that matter to your business. You can also call us directly at (951) 296=0785 and speak with one of our advisors.
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