As Q1 ends and Q2 begins for 2023 here are just a few of the upcoming tax deadlines that apply to business and individuals.
April 18
- If you’re a calendar-year corporation, file a 2022 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
- For corporations pay the first installment of 2023 estimated income taxes.
- For individuals, file a 2022 income tax return (Form 1040 or Form 1040-SR) or file for an automatic six-month extension (Form 4868) and pay any tax due.
- For individuals, pay the first installment of 2023 estimated taxes, if you don’t pay income tax through withholding (Form 1040-ES).
May 1
- Employers report income tax withholding and FICA taxes for the first quarter of 2023 (Form 941) and pay any tax due.
May 10
- Employers report income tax withholding and FICA taxes for the first quarter of 2023 (Form 941), if they deposited on time and fully paid all of the associated taxes due.
June 15
- Corporations pay the second installment of 2023 estimated income taxes.
Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact your Rudler, PSC advisor at 859-331-1717 to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.
RUDLER, PSC CPAs and Business Advisors
This week's Rudler Review is presented by Jonathan Peul, Staff Accountant and Janna Fitzwater, CPA.
If you would like to discuss your particular situation, contact Jon or Janna at 859-331-1717.
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