Business taxes are a necessary evil that businesses must pay each year in order to stay afloat. However, there’s no one-size-fits-all answer to when these taxes should be paid. In this article, we’ll outline the key dates for business taxes due in the United States in 2022. By following these dates, you’ll ensure that your business is on track and doesn’t miss any important payroll or income tax payments.
Business taxes are due on April 15th, but what does that mean for you?
Business taxes are due on April 15th each year. This date is generally recognized as the tax deadline for businesses in the United States.
There are a few things to note about business taxes. First, most business taxes are paid in arrears. This means that you usually pay your taxes over time rather than all at once.
Another thing to note is that business tax laws vary from state to state. This means that some states have more severe taxes than others, and it also means that you may have to pay different taxes depending on your business type.
Finally, it is important to contact your accountant or tax preparer if you have any questions about business taxes. They can help you understand your individual tax situation and make sure that you are fully prepared for April 15th.
Filing an extension
If you need more time to file your taxes, you can file an extension. Extensions are available for most types of taxes, including business taxes.
To apply for an extension, you will need to file Form 4868, Application for Automatic Extension of Time To File U.S. Tax Return. You can download Form 4868 from the IRS website. The form must be filed with the IRS by the due date for your return (including any extensions), or by 5 p.m. local time in the district where you file your tax return if your tax return is filed electronically.
If you are unable to file your tax return on time, you can request a paper extension. To request a paper extension, you will need to file Form 4868-A, Application for Extension of Time To File U.S. Tax Return. You can download Form 4868-A from the IRS website. The form must be filed with the IRS by the due date for your return (including any extensions), or by 5 p.m. local time in the district where you file your tax return if your tax return is filed electronically.
Paying taxes online
When it comes to paying your business taxes, there are a few different options available. One option is to pay them online. This can be a convenient way to get your taxes done quickly and easily.
You can also choose to pay by phone. This is an option if you have questions about your taxes or if you need help filing your taxes. You can also pay by mail if you prefer not to use the online or phone options.
Whatever method you choose, make sure to get started as soon as possible. Business taxes are due on April 15th each year.
What if I don’t have the correct forms?
If you do not have the correct forms, you can file an extension. You can file an extension by filing Form 4868, Application for Extension of Time to File U.S. Income Tax Return. To apply for an extension, you must file your return by the original due date and pay any applicable late filing penalties. If you cannot file your return on time, you may be able to apply for a delay in tax payments. For more information, visit IRS.gov or call 1-800-829-3676.
Late payment penalties and interest
Business taxes are due on the 15th of the month following the fiscal quarter in which the taxes were due. The following table shows the dates for various tax types and when they are due.
Date Business Taxes Due Withholding Tax Payments September 15, 2016 October 1, 2016 November 15, 2016 December 1, 2016 January 15, 2017 February 1, 2017 March 15, 2017 April 1, 2017 May 15, 2017 June 1, 2017 July 15, 2017 August 15, 2017 September 15, 2017 October 1, 2017 November 1, 2017 December 15, 2017 January 15, 2018 February 14, 2018 March 14, 2018 April 13, 2018 May 12, 2018 June 11, 2018 July 10, 2018 August 9, 2018 September 8, 2018 October 7, 2018 November 62018 December 52018 January 42019 February 32019 March 22019 April 12019
Estates and trusts
If you are a business owner, you may be wondering when your business taxes will become due. There are a few different time periods in which taxes may become due, depending on the type of business you have.
For estates and trusts, taxes typically become due within nine months after the death of the trustor or within twelve months of the transfer of assets to the trust. This means that if you die in September, your estate will have to file its taxes by January. If you die in December, your estate will have to file its taxes by May.
Businesses with regular income typically have tax periods that run from January to December. Taxes for these businesses become due on January 15th of each year.
Thank you for reading our article on when business taxes are due. As we mentioned at the beginning of the article, there is no one-size-fits-all answer to this question since each business operates a little differently and depends on its own particular tax laws. That being said, it is generally safe to say that businesses with annual revenue over $10 million will need to pay their taxes by April 15th of each year, while smaller businesses may have until June 30th to do so. If you have any additional questions about when your specific company’s taxes are due, or if you would like us to help prepare your return, please don’t hesitate to reach out!