Welcome to Sai CPA Services   Click to listen highlighted text! Welcome to Sai CPA Services

Sai CPA Services

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DUE DATES BY SERVICES

Individual Filers - including employees, retirees, self-employed individuals, independent contractors, and gig workers.

January 2024

10th January

Deadline for employees who earned more than $20 in tip income in December to report this income to their employers on Form 4070.

16th January

4th Quarter 2023 estimated tax payment due.

23rd January

2023 Tax season begins: This marks the first day the IRS will begin accepting and processing 2023 federal tax returns.

31st January

Certain 1099 forms are sent: Various 1099 forms, and forms 1099-NEC,1099-MISC, and 1099-K are used to report payments that typically don’t come from an employer, such as if you work as an independent contractor, gig worker, or self-employed person or if you receive income such as interest, dividends, prize winnings, rents, royalties, or brokerage account transactions.

February 2024

12th February

Deadline for employees who earned more than $20 in tip income in January to report this income to their employers. You can use Form 4070 to do so.

15th February

If you chose to claim an exemption from your employer withholding taxes from your paycheck last year by filing a Form W-4, you’ll need to re-file the form by this date. You would file this exemption request if you anticipate having no tax liability this year and had none in the previous year.

March 2024

1st March

Deadline for farmers and fishermen to file individual income tax returns unless they paid 2022 estimated tax by Jan, 18, 2023.

11th March

Deadline for employees who earned more than $20 in tip income in February to report this income to their employers. You can use Form 4070 to do so.

April 2024

1st April

Required minimum distribution due if you turned 73 in 2023: If you turned 73 in 2023, you have until April 1, 2024, to take your 2023 required minimum distribution (your first required distribution) from your retirement account. After passage of the SECURE Act 2.0 in 2022, if you turned 73 years old on or after 2022, you don’t need to take RMDs until you reach age 73.

10th April

Deadline for employees who earned more than $20 in tip income in March to report this income to their employers.  You can use Form 4070 to do so.

15h April

1. Tax Day (unless extended due to local state holiday).

2. Deadline to File Form 4868 and request an extension.

3. Deadline to make IRA and HSA contributions for 2023 tax year.

4. First quarter 2024 estimated tax payment due. 

May 2024

10th May

Deadline for employees who earned more than $20 in tip income in April to report this income to their employers.  You can use Form 4070 to do so.

June 2024

10th June

Deadline for employees who earned more than $20 in tip income in May to report this income to their employers.  You can use Form 4070 to do so.

17th June

Second quarter 2024 estimated tax payment due.

17th June

If you’re a US Citizen or Resident alien living and working (or on military

duty) outside the United States and PuertoRico, file Form 1040 or Form 1040-SR and

pay any tax, interest, and penalties due. Otherwise, see Individuals under April 15, earlier. If you want additional time to file your return, file Form 4868 to obtain 4 additional months to file and pay what you estimate you owe in tax to avoid penalties and interest. Then, file Form 1040 or Form 1040-SR by October 15.

July 2024

10th July

Deadline for employees who earned more than $20 in tip income in June to report this income to their employers.  You can use Form 4070 to do so.

August 2024

12th August

Deadline for employees who earned more than $20 in tip income in July to report this income to their employers.  You can use Form 4070 to do so.

September 2024

10th September

Deadline for employees who earned more than $20 in tip income in August to report this income to their employers.  You can use Form 4070 to do so.

16th September

Third quarter 2024 estimated tax payment due.

October 2024

10th October

Deadline for employees who earned more than $20 in tip income in September to report this income to their employers.  You can use Form 4070 to do so.

15th October

Deadline to file your extended 2023 tax return.

November 2024

10th November

Deadline for employees who earned more than $20 in tip income in October to report this income to their employers.  You can use Form 4070 to do so.

December 2024

10th December

Deadline for employees who earned more than $20 in tip income in November to report this income to their employers.  You can use Form 4070 to do so.

31st December

Required minimum distributions must be taken for individuals aged 73 or older by the end of 2024: After taking your first RMD (for 2023) by April 1, 2024 if you turned 73 in 2023, you also need to take your 2024 RMD by the end of the year. This is also the deadline if you are otherwise required to take an RMD for 2024.

January 2025

15th January

Fourth quarter 2025 estimated tax payment due.

Businesses - Partnerships (including LLCs), C Corps (Form 1120), and S Corps (Form 1120S)

January 2024

16th January

4th Quarter 2023 estimated tax payment due

23rd January

2023 Tax season begins

31st January

  1. Employers send W-2s forms to employees.
  2. 2. Send certain 1099 forms.

February 2024

15th February

Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, unless the sender is reporting payments in boxes 8 or 10.

28th February

Deadline for businesses to mail Forms 1099 and 1096 to the IRS.

March 2024

15th March

Taxes are due for some business types (partnerships, multi-member LLCs, and S-Corporations). Businesses organized as partnerships, including multi-member LLCs, and S-Corporations need to file Form 1065, or 1120S by March 15, 2024, if they are a calendar year business. If your business uses a fiscal year, you need to file your tax return by the 15th day of the third month following the close of your tax year. For example, if your business uses an April 1 – March 31 tax year, your business tax return would be due June 15 instead of March 15

15th March

File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2024. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2025.

31st January

  1. Deadline for businesses to e-file Forms 1099 and 1098 to the IRS, except Form 1099-NEC.

April 2024

15th April

Taxes for C-Corporations are due. Businesses organized as C-Corporations need to file form 1120 by April 15, 2024, if they are a calendar year business. If your business uses a fiscal year, you need to file your tax return by the 15th day of the third month following the close of your tax year. For example, if your business uses an April 1 – March 31 tax year, your business tax return would be due June 15 instead of in April.

18th April

Deadline for household employers who paid $2,400 or more in wages in 2022 to file Schedule H for Form 1040

September 2024

16th September

Deadline for extended partnership and S-corporation returns

October 2024

15th October

Deadline for extended C-corporation returns

January 2025

15th January

Fourth quarter 2024 estimated tax payment due

Payroll Due Dates:

April 2024

30th April

Q1 Filing – The first quarter of a calendar year is made up of January, February, and March (Federal 941 & State). IRS Form 941 is more commonly known as the Employer’s Quarterly Federal Tax Return. This is the form your business uses to report income taxes and payroll taxes that you withheld from your employees’ wages. It also provides space to calculate and report Social Security and Medicare taxes.

July 2024

July 31st

Q2 Filing – The second quarter of a calendar year is made up of April, May and June (Federal 941 & State).

October 2024

31st October

Q3 Filing – The third quarter of a calendar year is made up

of July, August, and September (Federal 941 & State).

January 2025

31st January

Q4 Filing – The fourth quarter of a calendar year is made

up of October, November, and December (Federal 941 & State).

31st January

940 Filing – Employer’s Annual Federal Unemployment (FUTA) Tax Return

31st January

W2  Form –  A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes

31st January

W3 Form  – Form W-3 is a tax form used by employers to report combined employee income to the Internal Revenue Service (IRS) and the Social Security

Administration.

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