Corporate installments of Estimated Tax Payments are generally due by the 15th day of the 4th, 6th, 9th, and 12th months of the tax year. If any due date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next regular business day.
Continue reading “2022 QUARTERLY ESTIMATED TAX DUE DATES TO THE IRS FOR CORPORATIONS”Category: Uncategorized
2022 QUARTERLY ESTIMATED TAX DUE DATES TO THE IRS FOR INDIVIDUALS
For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each payment period, you may be charged a penalty even if you’re due a refund when you file your income tax return at the end of the year.
Continue reading “2022 QUARTERLY ESTIMATED TAX DUE DATES TO THE IRS FOR INDIVIDUALS”The IRS filing deadlines are as follows for 2021 returns:
Tax Day now July 15 2020: IRS extend filing deadline and federal tax payments regardless of amount owed
The Treasury Department and Internal Revenue Service announced March 21st 2020 that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Continue reading “Tax Day now July 15 2020: IRS extend filing deadline and federal tax payments regardless of amount owed”
Qualified Business Income ( 20% QBI) deduction for Rental Properties and Real Estate Professionals
Earlier this month, the Treasury Department and the Internal Revenue Service issued final regulations regarding the new 20% deduction on qualified business income Sec 199A.
Continue reading “Qualified Business Income ( 20% QBI) deduction for Rental Properties and Real Estate Professionals”When To Issue 1099Misc
You must file Form 1099-MISC for each person in the course of your business to whom you have paid during the year (Personal payments are Continue reading “When To Issue 1099Misc”
Record keeping Requirements for Federal Income Tax – IRS
Why should I keep records?
Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income, keep track of deductible expenses, keep track of your basis in property, prepare your tax returns, and support items reported on your tax returns. Continue reading “Record keeping Requirements for Federal Income Tax – IRS”
2019 EXCISE TAX RETURN DUE DATES
Read the information below to find out when your tax return is due. If the due date falls on a weekend or legal holiday, the due date is extended to the next business day.
2018 Quarterly Estimated Tax Due Dates
For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each payment period, you may be charged a penalty even if you’re due a refund when you file your income tax return at the end of the year.
If you mail your estimated tax payment and the date of the U.S. postmark is on or before the due date, the IRS will generally consider the payment to be on time. If you use IRS Direct Pay, you can make payments up to 8 p.m. Eastern time on the due date. If you use a credit or a debit card, you can make payments up to midnight on the due date.