Thank you!
Fiducial's 2023 Small BusinessFederal Tax Calendar
January 2023
January 17, 2023
Individuals: Final installment of quarterly estimated tax payments for Q4 2022 is due.
EFTPS users: Payments must be scheduled by 8 PM EST at least one calendar day before the tax due date.
Forms:● Form 1040-ES - Estimated Tax for Individuals (2022 Voucher 4)
January 31, 2023
Payers of Non-Employee Compensation: Form 1099-NEC is due to contractors and the IRS.
Employers: Form W-2 due to employees and Social Security Administration.
Forms:● Form W-2 - Wage & Tax Statement● Form 1099-NEC - Non-Employee Compensation
February 2023
February 28, 2023
All Businesses: Form 1099-MISC is due to the IRS if filed on paper.
File Form 1096 with information returns, including Forms 1098 and 1099 for payments made during 2022.
Forms: ● Form 1099-MISC - Miscellaneous Income● Form 1096 - Annual Summary & Transmittal of U.S. Information Returns● Form 1098 - Mortgage & Interest Statement
March 2023
March 15, 2023
S-corporation & partnerships: Income tax returns are due.
This is the final day for businesses set up as partnerships or S-corps to request a six-month tax extension. Keep in mind that an extension allows you extra time to file, but does not extend the time you have to pay your income tax.
Partnerships: The IRS requires you to file Form 1065.
S-corps: The IRS requires that you file Form 1120-S.
Forms:● Form 1120S - Income Tax Return for an S Corporation● Form 1065 - US Return of Partnership Income● Form 7004 - Application for Automatic Extension of Time to File Certain Business Tax, Information, & Other Returns
March 31, 2023
Individuals: Form 1099-MISC is due to the IRS if filed electronically.
Forms:● Form 1099-MISC - Miscellaneous Income
April 2023
April 18, 2023
Individuals: income taxes are due today. File your Form 1040 today, and pay any additional taxes you might owe that you didn’t pay in quarterly estimated taxes.
C-corporations: income tax is due today. The IRS requires that you file Form 1120.
Household Employers: File Sch. H with Form 1040 if you paid $2,400 or more to a household employee.
Estates and Trusts: File Form 1041 for calendar year entities and pay any tax due.
Individuals: Q1 2023 quarterly estimated taxes are due.
Today is the final day to request a six-month tax extension on your time to file your income tax return. Keep in mind that an extension allows you extra time to file, but does not extend the time you have to actually pay your income tax.
Forms:● Form 1040 - Individual Tax Return● Form 1040-SR - U.S. Tax Return for Seniors (first available tax year 2020)● Form 1120 - U.S. Corporation Income Tax Return● Form 1040-ES - Estimated Tax for Individuals (Payment Voucher 1)● Form 1041 - Estates & Trust Tax Return
May 2023
May 15, 2023
Tax-exempt organizations: Form 990 is due today.
Today is the final day to request a six-month tax extension on your time to file your Form 990.
Forms:● Form 990 - Return of Organization Exempt From Income Tax● Form 8868 - Application for Extension of Time To File an Exempt Organization Return
June 2023
June 1, 2023
As we reach the midpoint of the year, it's the perfect time to reflect on your business's financial health and explore strategies that can help drive greater success through mid-year tax planning. Related Articles:● "Do You Have a Mid-Year Tax Planning Checklist? Fiducial Does"
June 15, 2023
Individuals: Deadline to pay Q2 2023 quarterly estimated taxes. Forms:● Form 1040-ES - Estimated Tax for Individuals (Payment Voucher 2)
July 2023
July 31, 2023
Employers: Employee benefits plans - Form 5500 is due today.
Forms:● Form 5500 - Annual Return/Report of Employee Benefit Plan
September 2023
Sept. 15, 2023
Individuals: Deadline to pay Q3 2023 quarterly estimated taxes.
Partnerships & S-corps: This is the income tax filing deadline for partnerships and S-corps that requested a six-month income tax filing extension.
Forms: ● Form 1040-ES - Estimated Tax for Individuals (Payment Voucher 3)● Form 1120S - Income Tax Return for an S Corporation● Form 1065 - US Return of Partnership Income
October 2023
October 16, 2023
Individuals & C-corps: Final day to file income tax if you requested a six-month tax-filing extension.
Forms:● Form 1040 - Individual Tax Return● Form 1040-SR - U.S. Tax Return for Seniors● Form 1120 - U.S. Corporation Income Tax Return
November 2023
November 1, 2023
Finalize any 2023 end-of-year tax planning to decrease your taxable income and start your 2024 tax planning.
Related Articles:● Year-End Tax Planning Ideas For Your Small Business● Worried About an IRS Audit? Advanced Preparation Is Key● Three Tax Breaks Every Small Business Should Know About● Tax Planning Issues You Should Consider at Year-End
January 2024
January 15, 2024
Individuals: Quarterly estimated tax payments for Q4 2023 are due.
Forms:● Form 1040-ES - Estimated Tax for Individuals (Voucher 4)
January 31, 2024