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  • Writer's pictureAndria Radmacher

Important Federal Tax Dates to Remember

Updated: Dec 14, 2023



While many things about business are hard to predict, one thing that is predictable is the re-occurring compliance and due dates on the Tax and Accounting calendar.


Every business owner should keep an eye on these dates to be prepared with enough time to take action on necessary items.


For a more comprehensive list of due dates check out TaxActs's 2023 Tax Calendar as a guide. https://www.taxact.com/reference/library-calendar





Federal Due Dates by Month

January 2024

  • January 1 — Everyone Federal Holiday (New Year's Day) For more information

  • January 11 — Employees who work for tips If you received $20 or more in tips during December, report them to your employer For more information

  • January 15 — Individuals Make a payment of your estimated tax for 2024 if you did not pay your income tax for the year through withholdings on your paychecks (or did not pay in enough tax that way). Use Form 1040-ES For more information

  • January 15 — Farmers & fishermen Pay your estimated tax for 2020 using Form 1040-ES For more information

  • January 15 — Everyone Federal Holiday (Martin Luther King, Jr. Day) For more information

  • January 31 — All Employers Give your employees their copies of Form W2 for 2024. If an employee agreed to receive Form W2 electronically, have it posted on a website and notify the employee of the posting.

  • January 31 — Individuals who must make estimated tax payments If you did not pay your last installment of estimated tax by January 15, you may choose (but are not required) to file your income tax return (Form 1040) for 2024 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you cannot file and pay your tax by January 31, file and pay your tax by April 15.

  • January 31 — Payers of gambling winnings If you either paid reportable gambling winnings or withheld income tax from gambling winnings, give the winners their copies of Form W2G.

  • January 31 — All businesses Give annual information statements to recipients of certain payments you made during 2024 For more information


February 2024

  • February 1 — All businesses Give annual information statements to recipients of certain payments you made during 2024 For more information

  • February 10 — Employees who work for tips If you received $20 or more in tips during January, report them to your employer For more information

  • February 15 — Individuals If you claimed exemption from income tax withholding last year on the Form W-4, you must file a new Form W-4 by this date to continue your exemption for another year For more information

  • February 19 — Everyone Federal Holiday (Washington's Birthday) For more information

  • February 28 — All businesses File information returns (for example, Forms 1099) for certain payments you made during 2024.

  • February 28 — All employers File Form W3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W2 you issued for 2024. If you file Forms W2 electronically, your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms remains January 31.


March 2024

  • March 2 — Farmers & fishermen File your 2020 income tax return (Form 1040) and pay any tax due For more information

  • March 10 — Employees who work for tips If you received $20 or more in tips during February, report them to your employer For more information

  • March 15 — S Corporation election File Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2023. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2024.

  • March 15 — Partnerships File a 2024 calendar year return (Form 1065) For more information

  • March 16 — S Corporations File a 2024 calendar year income tax return (Form 1120S) and pay any tax due For more information

  • March 31 — Electronic filing of Forms W2 File copies of all the Forms W2 you issued for 2024. This due date applies only if you electronically file.

  • March 31 — Electronic filing of Forms W2G File copies of all the Forms W2G you issued for 2024. This due date applies only if you electronically file.

  • March 31 — Electronic filing of Forms 8027 File Forms 8027 for 2024. This due date applies only if you electronically file.


April 2024

  • April 12 — Employees who work for tips If you received $20 or more in tips during March, report them to your employer. You can use Form 4070.

  • April 15 — Corporations File a 2024 calendar year income tax return (Form 1120) and pay any tax due. For more information

  • April 15 — Individuals If you are not paying your 2024 income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your 2024 estimated tax. Use Form 1040ES.

  • April 15 — Household Employers If you paid cash wages of $2,200 or more in 2024 to a household employee, you must file Schedule H For more information

  • April 15 — Corporations Deposit the first installment of estimated income tax for 2024 For more information


May 2024

  • May 10 — Employees who work for tips If you received $20 or more in tips during April, report them to your employer For more information

  • May 17 — Individuals File a 2024 income tax return (Form 1040) and pay any tax due. If you want an automatic extension of time to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. For more information, see Form 4868. Then, file Form 1040 by October 15.

  • May 27 — Everyone Federal Holiday (Memorial Day) For more information


June 2024

  • June 10 — Employees who work for tips If you received $20 or more in tips during May, report them to your employer For more information

  • June 15 — Individuals Make a payment of your 2024 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the second installment For more information

  • June 15 — Corporations Deposit the second installment of estimated income tax for 2024 For more information

  • June 15 — Individuals If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. If you want additional time to file your return, file Form 4868 to obtain 3 additional months to file For more information

  • June 19 — EveryoneFederal Holiday (Juneteenth) For more information


July 2024

  • July 5 — Everyone Federal Holiday (Independence Day) For more information

  • July 12 — Employees who work for tips If you received $20 or more in tips during June, report them to your employer For more information


August 2024

  • August 10 — Employees who work for tips If you received $20 or more in tips during July, report them to your employer For more information


September 2024

  • September 2 — Everyone Federal Holiday (Labor Day) For more information

  • September 10 — Employees who work for tips If you received $20 or more in tips during August, report them to your employer For more information

  • September 15 — Individuals Make a payment of your 2024 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment For more information

  • September 15 — S Corporations File a 2023 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic extension For more information

  • September 15 — Partnerships File a 2023 calendar year return (Form 1065). This due date applies only if you were given an additional extension

  • September 15 — Corporations Deposit the third installment of estimated income tax for 2024 For more information


October 2024

  • October 11 — Everyone Federal Holiday (Columbus Day) - For more information

  • October 12 — Employees who work for tips If you received $20 or more in tips during September, report them to your employer - For more information

  • October 15 — Individuals If you have an automatic extension to file your income tax return for 2024, file Form 1040 and pay any tax, interest, and penalties due - For more information


November 2024

  • November 10 — Employees who work for tips If you received $20 or more in tips during October, report them to your employer - For more information

  • November 11 — Everyone Federal Holiday(Veterans Day) - For more information

  • November 25 — Everyone Federal Holiday(Thanksgiving Day)


December 2024

  • December 10 — Employees who work for tips If you received $20 or more in tips during November, report them to your employer For more information

  • December 15 — Corporations Deposit the fourth installment of estimated income tax for 2024 For more information

  • December 25 — Everyone Federal Holiday (Christmas Day) For more information



Federal Due Dates by Taxpayer Type

All Businesses

February 1

Give annual information statements to recipients of certain payments you made during 2023. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the following.

  • Cash payments for fish (or other aquatic life) purchased from anyone engaged in the trade or business of catching fish.

  • Compensation for workers who are not considered employees (including fishing boat proceeds to crew members).

  • Dividends and other corporate distributions.

  • Interest.

  • Rent.

  • Royalties.

  • Payments of Indian gaming profits to tribal members.

  • Profit-sharing distributions.

  • Retirement plan distributions.

  • Original issue discount.

  • Prizes and awards.

  • Medical and health care payments.

  • Debt cancellation (treated as payment to debtor).

  • Cash payments over $10,000. See the instructions for Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.

See the General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a statement is required, which form to use, when to file, and extensions of time to provide statements to the IRS. Forms 1099-B, 1099-S, and certain reporting on Form 1099-MISC are due to recipients by February 16.


February 16

Give annual information statements to recipients of certain payments you made during 2023. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date applies only to the following types of payments.

  • All payments reported on Form 1099-B, Proceeds From Broker and Barter Exchange Transactions.

  • All payments reported on Form 1099-S, Proceeds From Real Estate Transactions.

  • Substitute payments reported in box 8 or gross proceeds paid to an attorney reported in box 14 of Form 1099-MISC, Miscellaneous Income.

March 01

File information returns (for example, Forms 1099) for certain payments you made during 2023. These payments are described under February 1. There are different forms for different types of payments. Use a separate Form 1096, Annual Summary and Transmittal of U.S. Information Returns, to summarize and transmit the forms for each type of payment. See the General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a return is required, which form to use, and extensions of time to file.

If you file Forms 1097, 1098, 1099, 3921, 3922, or W-2G electronically, your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms generally remains February 1.


March 31

Electronic filing of Forms 1097, 1098, 1099, 3921, 3922, and W-2G. File Forms 1097, 1098, 1099, 3921, 3922, and W-2G with the IRS. This due date applies only if you file electronically. Otherwise, see March 1.

The due date for giving the recipient these forms generally remains February 1.

For information about filing Forms 1097, 1098, 1099, 3921, 3922, and W-2G electronically, see Publication 1220.

If you operate on a fiscal year, see tax calendar information for Fiscal-Year Taxpayers.


Corporations

April 15

Deposit the first installment of estimated income tax for 2024. A worksheet, Form 1120-W, Estimated Tax for Corporations, is available to help you estimate your tax for the year.

File a 2023 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns, and deposit what you estimate you owe.


June 15

Deposit the second installment of estimated income tax for 2024. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.


October 15

File a 2023 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see April 15.

Deposit the third installment of estimated income tax for 2024. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.


December 15

Deposit the fourth installment of estimated income tax for 2024. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.

If you operate on a fiscal year, see tax calendar information for Fiscal-Year Taxpayers.



S-Corporations

March 15

File a 2023 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.

S corporation election. File Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2021. If Form 2553 is filed late, S treatment will begin with calendar year 2024.


September 15

File a 2023 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1.


If you operate on a fiscal year, see tax calendar information for Fiscal-Year Taxpayers.



Partnerships

March 15

Electing large partnerships. Provide each partner with a copy of Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K-1. This due date applies even if the partnership requests an extension of time to file the Form 1065-B by filing Form 7004.

File a 2020 calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 5-month extension of time to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004. Then, file Form 1065 by September 15.

Electing large partnerships. File a 2023 calendar year return (Form 1065-B). If you want an automatic 6-month extension of time to file the return, file Form 7004. Then, file Form 1065-B by September 15. See March 15 for the due date for furnishing Schedules K-1 or substitute Schedules K-1 to the partners.


September 15

File a 2023 calendar year return (Form 1065). This due date applies only if you were given an additional 5-month extension. Otherwise see March 15. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1.


October 15

Electing large partnerships. File a 2023 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension. See March 15 for the due date for furnishing Schedules K-1 or substitute Schedules K-1 to the partners.

If you operate on a fiscal year, see tax calendar information for Fiscal-Year Taxpayers.




Individuals

January 15

Individuals. Make a payment of your estimated tax for 2023 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES, Estimated Tax for Individuals. This is the final installment date for 2023 estimated tax payments. However, you do not have to make this payment if you file your 2023 return (Form 1040) and pay any tax due by January 31, 2023.


January 31

Individuals who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 15, you may choose (but are not required) to file your income tax return (Form 1040) for 2023 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you cannot file and pay your tax by February 1, file and pay your tax by April 15.


February 15

Individuals. If you claimed exemption from income tax withholding last year on the Form W-4, Employee's Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.


April 15

Individuals. File a 2023 income tax return (Form 1040) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. For more information, see Form 4868. Then, file Form 1040 by October 15.

Household employers. If you paid cash wages of $2,100 or more in 2023 to a household employee, you must file Schedule H (Form 1040), Household Employment Taxes. If you are required to file a federal income tax return (Form 1040), file Schedule H (Form 1040) with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H (Form 1040) if you paid total cash wages of $1,000 or more in any calendar quarter of 2017 or 2020 to household employees. Also, report any income tax you withheld for your household employees. For more information, see Publication 926.

Individuals. If you are not paying your 2023 income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your 2023 estimated tax. Use Form 1040ES.


June 15

Individuals. If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. Otherwise, see April 15. If you want additional time to file your return, file Form 4868 to obtain 4 additional months to file. Then, file Form 1040 by October 15.

However, if you are a participant in a combat zone, you may be able to further extend the filing deadline. See Publication 3, Armed Forces' Tax Guide.

Individuals. Make a payment of your 2023 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the second installment date for estimated tax in 2023. For more information, see Publication 505.


September 15

Individuals. Make a payment of your 2023 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment date for estimated tax in 2023. For more information, see Publication 505.


October 15

Individuals. If you have an automatic 6-month extension to file your income tax return for 2023, file Form 1040 and pay any tax, interest, and penalties due.

If you operate on a fiscal year, see tax calendar information for Fiscal-Year Taxpayers.



Information sourced from TaxAct.com




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