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R.S.K. Tax & Consulting, LLC

Mark Your Calendar: Tax Deadlines Approaching for September 16

Published 10 days ago • 2 min read

Mark Your Calendar:
Tax Deadlines Approaching for September 16

As we move towards the critical tax season, it’s vital to stay on top of essential deadlines to ensure everything runs smoothly. Below is a roundup of key tax dates and deadlines to keep in mind as you manage your financial obligations.
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1. Quarterly Estimated Tax Payments

Due Date: September 16, 2024

The third quarter payment for estimated taxes is due on September 16. This applies to those required to make quarterly payments for income tax and self-employment taxes. Use IRS Form 1040-ES for individuals or IRS Form 1120-W for corporations to determine the correct amount to pay and avoid any potential penalties.

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2. Form 1065 – U.S. Return of Partnership Income

Extended Due Date:September 16, 2024

For partnerships that requested an extension, Form 1065 is due by September 16. This form details the partnership’s income, deductions, gains, and losses. Accurate filing is essential to avoid penalties and ensure timely delivery of Schedule K-1s to partners.

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3. Form 1120s – U.S. Income Tax Return for an S Corporation

Extended Due Date:September 16, 2024

S Corporations that filed for an extension need to submit Form 1120s by September 16. This form reports income, gains, losses, deductions, and credits of the S corporation. Ensure that all financial details are correct to avoid discrepancies and potential issues.

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4. Form 1120 – U.S. Corporation Income Tax Return

Extended Due Date: October 15, 2024
C Corporations that requested an extension must file Form 1120 by October 15. This form reports the corporation’s income, gains, losses, deductions, and credits. Ensure all financial details are accurate to avoid any discrepancies.

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5. Form 1040 – U.S. Individual Income Tax Return

Extended Due Date: October 15, 2024

For individuals who filed for an extension, Form 1040 is due by October 15. This form reports personal income, deductions, and credits. Make sure to review all information carefully to avoid penalties.

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6. Form 1099-MISC & 1099-NEC

Due Date:January 31, 2025
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Though this deadline is several months away, preparation should begin now. Forms 1099-MISC and 1099-NEC report various types of income, including payments to contractors (1099-NEC) and other miscellaneous income (1099-MISC). Collect W-9 forms and review payments to ensure accurate reporting.

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7. End of-Year Payroll Requirements

Due Date:December 31, 2024

Review payroll records and make necessary year-end adjustments. This includes verifying employee information and preparing for W-2 filings. Accurate payroll reporting is crucial for compliance and to ensure employees receive correct tax information.

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Conclusion

Staying informed about these key tax deadlines will help ensure that you meet all obligations on time and avoid any potential issues. At RSK Tax and Consulting LLC, we offer expert guidance to help you navigate these important dates with ease. Our team is dedicated to providing personalized support for all your tax needs.

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Contact us today to schedule a consultation and discover how we can assist you in managing your tax responsibilities effectively.

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520 White plains Road Suite 500 Tarrytown, NY 10591
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