The second quarter of 2024 has arrived! If you're a business owner or other employer, add these tax-related deadlines to your calendar.
April 15
- Calendar-year corporations: File a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
- Corporations: Pay the first installment of estimated income taxes for 2024. Complete Form 1120-W (worksheet) and make a copy for your records.
- Individuals: File a 2023 income tax return (Form 1040 or Form 1040-SR) or file for an automatic six-month extension (Form 4868). Pay any tax due.
- Individuals: pay the first installment of 2024 estimated taxes (Form 1040-ES), if you don’t pay income tax through withholding.
April 30
- Employers: Report FICA taxes and income tax withholding for the first quarter of 2024 (Form 941). Pay any tax due.
May 10
- Employers: Report FICA taxes and income tax withholding for the first quarter of 2024 (Form 941), if they deposited on time, and fully paid all of the associated taxes due.
May 15
- Employers: Deposit withheld income taxes, Medicare, and Social Security for April if the monthly deposit rule applies.
June 17
- Corporations: Pay the second installment of 2024 estimated income taxes.
Questions? Smolin can help
This list isn’t all-inclusive, which means there may be additional deadlines that apply to you. Contact your accountant to ensure you’re meeting all applicable tax deadlines and learn more about your filing requirements.