![]() ![]() If your business has always been an S corporation, it is effectively treated as an extension of the shareholders for many tax purposes and will generally not owe any tax itself. TurboTax Tip: Even when you file an extension, you need to estimate how much you owe (if you owe) and send in that amount by the original due date. With fiscal years ending June 30, 2027, the filing deadline moves to October 15th (the 15th day of the 4th month following the end of the fiscal year) and the extended deadline moves to March 15th (six months after the first deadline). This exception applies for fiscal years ending through June 30, 2026. For example, the due date for the tax return of a corporation for the fiscal year ending Mais July 15, 2023.Īn exception to this - corporations with a fiscal year from July 1 to June 30, the initial deadline will remain September 15th (15th day of the 3rd month following the end of the fiscal year) and the extension deadline remains February 15 (five months after the first deadline). In the event you are a fiscal year taxpayer, please adjust your due dates based on the information provided above. ![]() The dates above assume your business entity is a calendar year taxpayer. The IRS may hit your business with costly penalty and interest charges if you underestimate your taxes, file your return late, or do not furnish certain information by the due date. For example, if your partnership is a calendar year taxpayer, with a December 31 year end, you must file a 2023 tax return or extension request by March 15, 2023. If your business is organized as a partnership, your income tax return or extension is due by the 15th day of the 3rd month after the end of your tax year. If the business is a C corporation then the extension is due by the 15th day of the 4th month after the end of your tax year.įor example, if your C corporation is a calendar year taxpayer with a December 31 year end, you need to file a 2023 tax return or extension request by April 15, 2024. If your business is organized as an S corporation, the income tax return or extension is due by the 15th day of the 3rd month after the end of your tax year. Most business tax returns can be extended by filing Form 7004: Application for Automatic Extension of Time to File by the original due date of the return. However, even with an extension, you need to estimate how much you owe (if you owe) and send in that amount by the due date. If you need more time to complete your 2023 business tax return, you can request an extension of time to file your return. ![]() If your business is a C corporation and is a calendar year taxpayer, the income tax or extension is due by the 15th day of the 4th month after the end of your tax year, usually April 15.If your business is organized as an S corporation or partnership and is a calendar year taxpayer, the income tax return or extension is due by the 15th day of the 3rd month after the end of your tax year, usually March 15th. ![]() If you need an extension, check with your state taxing authority to see if you need to file one with them as well.Most business tax returns can be extended by filing Form 7004: Application for Automatic Extension of Time to File by the original due date of the return. ![]()
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