A Handy Aid for 2023 Tax Deadlines

Few things are less dreaded than taxes. But while we all must face tax day, having a clear grasp on the tax deadlines and which forms to use can truly simplify the process for our business. 

Cut through the confusion with this handy 2023 tax deadline calendar for startups, C-Corps, partnerships, and S-Corps. Not only does this organized, colorful visual aid feature key dates and corresponding forms, but it briefly and clearly lays out important details as well.

Here are a few highlights from the calendar:

• January 31 – Payments due for employees and independent contractors
• February 28 – Paper filings due
• March 15 – S-Corp and partnership extensions due.
• March 31 – E-filing deadline
• April 17 – Extension for filing federal and state returns. State extension can be filed by request.
• April 18 – Tax day extension due. Q1 estimated tax payments due. Note: Corporations are required to pay estimated taxes upon their first year of profit.
• June 15 – Q2 estimated tax payments due.
• October 16 – Extended returns due. The final deadline for those on 6-month extension.

The calendar simplifies other tax information too, such as the IRS rule that unless the December 31 year-end date is used, the standard federal tax deadline is 3.5 months after the end of the month where the tax year ends. Also, if your company has 10% or greater foreign ownership, a foreign investment form is required to be filed by May 31. Notably, penalties are steep, ranging from $2,500- $10K and criminal charges.

While  a clear, organized tax deadline calendar cannot file taxes for you, it can surely make the whole process considerably easier.