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2023 Business Tax Filing Deadlines: What You Need To Know This Tax Filing Season

By December 12, 2022 No Comments

What are the 2023 business tax filing deadlines?

First off, there’s more than one business tax filing deadline. We’ve included the most important dates to know below based on your business type, so keep on reading and add any relevant business tax filing deadlines to your calendar!

For reference, estimated quarterly tax payments apply to:

  • Individuals including sole proprietors, partners, and S corporation shareholders who generally expect to owe tax of $1,000 or more when their return is filed.
  • Corporations who generally expect to owe tax of $500 or more when their return is filed.
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2023 Tax Deadlines for Individuals

Including sole proprietors, employees, self-employed, independent contractors, & freelancers

January 17, 2023 – Deadline for Q4 2022 estimated tax payments.

January 31, 2023 – Deadline for employees and independent contractors to receive their W-2 or 1099-NEC/1099-MISC forms.

April 18, 2023 – Deadline for 2023 Q1 estimated tax payments.

April 18, 2023 – Deadline for sole proprietors (businesses who report on a schedule C) and individual tax returns (Tax Day 2023).

(And if you file for an extension, the Individual Income Tax Return extension form, Form 4868, is due on April 18, too.)

June 15, 2023 – Deadline for 2022 Q2 estimated tax payments.

September 15, 2023 – Deadline for 2022 Q3 estimated tax payments.

October 16, 2023 – Deadline for 2022 individual tax returns that received a filing extension.

2023 Tax Deadlines for Businesses

Including LLCs, Partnerships, C corporations, &  S corporations

January 17, 2023 – Deadline for Q4 2022 estimated tax payments.

January 31, 2023 – Deadline for your employees and independent contractors to receive their W-2 or 1099-NEC/1099-MISC forms.

March 15, 2023 –  Deadline for partnership tax returns (and LLCs that are taxed as a partnership) as well as S corp tax returns.

April 18, 2023 – Deadline for Q1 2023 estimated tax payments..

April 18, 2023 – Deadline for C corp tax returns.

June 15, 2023 – Deadline for 2023 Q2 estimated tax payments.

September 15, 2023 – Deadline for 2023 Q3 estimated tax payments.

September 15, 2023 – Partnership and S corp tax deadline for those that received a filing extension.

October 16, 2023 – C corp filing deadline for those who received a filing extension.

What am I missing?

We want to make sure that you don’t have any loose ends when it comes to your 2023 tax season. That’s why we’ve prepared two things to make your life easier:

Download our free quarterly estimated tax calculator. And don’t forget to compare your tax to-do list with our 2023 Small Business Tax Preparation Checklist.

2023 Business Tax Filing Deadline FAQs

What are the due dates for estimated tax payments 2023?

There are four due dates each year: January 15; April 15; June 15; and September 15.

However, if these dates fall on a Saturday, Sunday, or legal holiday in any given year, the payments are due the next business day. With that in mind, take a look at the dates for 2023:

  • January 17, 2023: Q4 2022 estimated tax payments due
  • April 18, 2023: Q1 2023 estimated tax payments due
  • June 15, 2023: Q2 2023 estimated tax payments due
  • September 15, 2023: Q3 2023 estimated tax payments due

What is the deadline for S corporation tax filing?

The S corp tax deadline is March 15, 2023.

When are the partnership tax deadlines in 2023?

The partnership tax deadline is March 15, 2023.

When are LLC taxes due?

It depends! For LLCs that are taxed as a partnership, the tax deadline is March 15, 2023. For LLCs that are taxed as a corporation or single member LLCS, the tax deadline is April 18, 2023.

What is the due date for corporate tax returns?

The corporate or C corp filing deadline is April 18, 2023 – which is also Tax Day 2023!

What are the sole proprietor tax deadlines?

The sole proprietorship tax deadline is April 18, 2023.

When are quarterly tax payments due?

Here are the quarterly tax payment due dates in 2023:

  • January 17, 2023: Q4 2022 estimated tax payments due
  • April 18, 2023: Q1 2023 estimated tax payments due
  • June 15, 2023: Q2 2023 estimated tax payments due
  • September 15, 2023: Q3 2023 estimated tax payments due

What is the deadline for 1099 forms?

The deadlines vary, depending on which 1099 form you’re filing.

For all you need to know about 1099 forms and their deadlines, check out our blogs: The 1099 Form: What You Need to Know About Filing in 2022 and W-9 vs 1099 Forms: What’s the Difference and Why Are They Important?

What happens if I miss a quarterly estimated tax payment?

You may face a penalty charge upon filing your tax return if you missed a quarterly tax payment – even if you’re owed a refund.

If you haven’t already, add each of the quarterly tax payment deadlines to your calendar now to make sure you don’t miss one. Just scroll up!

And if you need help calculating how much you should pay each quarter, download our free quarterly estimated tax calculator.

What if I miss a tax deadline?

If you miss a tax deadline, your options depend on two things: what deadline you missed, and whether you are owed a refund or you owe money.

What happens if I miss the tax filing deadline and owe taxes?

If you miss the tax filing deadline and owe taxes, you’ll be charged a failure to file penalty. The penalty is 5% of your unpaid taxes for each month your return is late, but it won’t exceed 25% of your unpaid taxes.

What happens if I miss the tax filing deadline and I’m owed a refund?

If you miss the 2023 tax filing deadline and you are owed a refund, there’s no penalty. But you may miss out on your refund if you wait too long. According to the IRS website, by law, you have a three-year window from the original due date to claim your refund. Don’t miss out on a refund!

What if I owe more than I can pay?

The IRS will determine which payment options you have depending on your individual tax situation.

Payment options include full payment, short-term payment plan of 180 days or less, and a long-term payment plan/installment agreement to pay monthly.

Learn more about applying for online payment plans on the IRS website.

When is the last day to file taxes?

The deadline for filing depends on your business type and which form you’re submitting. For individuals, taxes are due on Tax Day 2023, which is April 18 this year. For businesses, see specific deadlines for each entity type below!

What if I made a mistake and need to re-file my taxes?

If you made a mistake when filing your taxes, you can file an amended tax return with the IRS.

What happens if I need more time?

If you need more time, that’s totally fine.

You can request a tax extension by filing Form 7004 or Form 4868, depending on your business type. Just make sure that your extension is filed before its deadline!

Sole proprietors and single-member LLCs use Form 4868 (along with individuals filing their tax returns.) The deadline for filing Form 4868 is April 18, 2023 (Tax Day 2023).

Multi-member LLCs, partnerships, corporations, and S corporations all use Form 7004. However, the deadline to submit the form differs depending on your business’s original filing deadline.

So, that means Form 7004 is due by April 18, 2023 for multi-member LLCs and partnerships, and March 15, 2023 for corporations and S corps.

Have more tax extension questions? Read How to File for a Business Tax Extension on our blog!

What happens to my tax deadline if I live in an area impacted by a natural disaster?

Keep up with this page on the IRS website for updates related to disaster tax relief.

For example, on Oct. 6, 2022, the IRS stated that Hurricane Ian victims throughout North Carolina and South Carolina qualify for delayed tax deadlines as well as tax relief.

2022 Business Tax Filing Deadlines & FAQs

You might be wondering why we left these deadlines here…We want to make sure that you don’t have any loose ends when it comes to your taxes. Maybe you missed a deadline, want to refer back to due dates from 2022, or need a piece of info from our 2022 tax deadline FAQs.

January 18, 2022 – Deadline for Q4 2021 estimated tax payments.

January 31, 2022 – Deadline for your employees and independent contractors to receive their W-2 or 1099-NEC/1099-MISC forms.

March 15, 2022 – Deadline for partnership tax returns (& LLCs that are taxed as a partnership) as well as S corporation tax returns.

April 18, 2022 – Deadline for 2022 Q1 estimated tax payments.

April 18, 2022 – Deadline for C corporation, sole proprietor (businesses who report on a schedule C), and individual tax returns.

(And if you file an extension for the deadline, the Individual Tax Return Extension Form is due on April 18, too.)

June 15, 2022 – Deadline for 2022 Q2 estimated tax payments.

September 15, 2022 – Deadline for 2022 Q3 estimated tax payments.

September 15, 2022 – Partnership and S corp tax deadline for those that received a filing extension.

October 17, 2022 – 2021 individual and c corp filing deadline for those who received a filing extension.

Frequently Asked Questions

What is an amended tax return? What’s the amended tax return deadline in 2022?

As a taxpayer, you would file an amended tax return if you’ve made a mistake while filing your tax return. Some reasons for mistake might be:

– Entering income incorrectly
– Not claiming tax credits that you qualify for
– Claiming tax deductions that you’re not qualified for

There are several options to file your amended tax return electronically, a recent development from the IRS. Your 2022 amended tax return deadline varies. The IRS outlines the following guidelines:

Generally, for a credit or refund, you must file Form 1040-X within 3 years (including extensions) after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later.

For more explicit instructions as well as information about special circumstances, read the instructions for Form 1040-X on the IRS website.

What is the 1099 filing deadline 2022?

The 1099 filing deadline varies, depending on which 1099 form you’re filing/which box the data is reported in. That being said, it’s always a good idea to have everything completed by January 31. Many recipients are required to receive their 1099s by the end of January.

Still need some clarity? Our recent blog, The 1099 Form: What You Need To Know About Filing In 2022 is packed with information about filing 1099s!

When are business taxes due 2022?

We’ve included all of the business tax filing deadlines for 2022 above. Just scroll up!

So You’ve Added the 2023 Tax Deadlines to Your Calendar – Now What?

Check out our Small Business Tax Preparation Checklist for the next steps you should take.

If you’re interested in having Acuity handle your taxes, check out our tax services packages or schedule a call to get started. If you’re not quite ready to get started but you do want to talk to someone on our team and get some questions answered, take advantage of our free office hours. 

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