Key Tax Deadlines You Should Know

Navigating tax season can be overwhelming, but knowing the important deadlines can simplify the process and help you avoid costly penalties. Here’s a breakdown of the essential tax dates you need to mark on your calendar:

• January 31: Employers are required to send W-2 forms to employees and 1099 forms to independent contractors. This date also serves as the deadline for businesses to file 1099-NEC forms with the IRS for reporting non-employee compensation.
• March 15: Partnerships and S-Corporations must file their tax returns (Forms 1065 and 1120S, respectively) or request an extension. This is also the deadline for providing K-1 forms to partners or shareholders.
• April 15 (or the next business day): The standard deadline for filing individual income tax returns (Form 1040) and paying any taxes owed. This is also the due date for the first-quarter estimated tax payment for self-employed individuals.
• June 15: U.S. citizens and residents living abroad are granted an automatic two-month extension to file their tax returns. Second-quarter estimated tax payments are also due.
• September 15: The deadline for third-quarter estimated tax payments, as well as for filing partnership and S-corporation tax returns under an extension.
• October 15: Final deadline for filing individual tax returns if an extension was filed by the April deadline.

Missing any of these deadlines can result in penalties and interest on unpaid taxes. At QuickTurn, we’re here to help you stay on track, offering expert tax preparation services to ensure compliance and peace of mind.