Small Business Tax Filing Deadlines
Tools to help you track deadlines and stay organizedA tax filing deadline is one deadline you never want to miss. For small businesses, there are many taxes and deadlines to keep straight. Three important things to know:
- Make sure you have the correct forms – and fill them out correctly. Double-check your numbers.
- If you don't have money to pay, go ahead and file your returns by the due dates. You'll sidestep the failure-to-file penalty. If the next deadline comes and you still can't pay, attach Form 9465, an Installment Agreement Request to propose your own monthly payment date and amount.
- If you are self-employed, pay the self-employment tax, which includes income tax and social security tax, on these dates:April 15, June 15, September 15 and January 15 of the following year.
Check deadlines at the IRS
online tax calendar with dates and deadlines on its small business Web site. Click on the month and then click "dates and actions" for details of when to do what. Order up to five free copies of the tax calendar. Get industry-specific information, resources and forms at the agency's one-stop resource for small businesses. You can view and download other IRS forms, including extension forms.
Get a free organizerIf you don't like the IRS' calendars, get a free one organized differently from a private company.
Use the government's free e-pay systemElectronically pay all federal taxes, including income, employment, estimated and excise taxes. It's secure, convenient and reduces penalties by ensuring you'll never miss a deadline by scheduling payments to go out by due dates.
Electronic Federal Tax Payment System to register.
Subscribe to a payroll service that includes deadline remindersWhy sweat the deadlines on your own? Get a notification service to send you reminders.
Pay attention to state deadlines, tooState deadlines for various business returns may be different
Ask your bank if it offers a tax-paying serviceNever miss a deadline by using an automated service to submit payments.
- May 15 is the deadline for tax-exempt organizations to file their returns.
- You'll be fined $20/day if you're late, up to $50,000 or 5% of gross receipts.
- If you use the Electronic Federal Tax Payment System to pay taxes, you can pay up to 8 p.m. the day before it's due.
- To find out state requirements and deadlines, see your local Small Business Administration office.
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