Business Income Tax Deadlines: Know When to File and Pay
Navigating the due dates for your business income tax is crucial to stay compliant. Here's a breakdown of key deadlines based on business entity types:
1. C-Corporation:
Due Date: The filing and payment for C-Corporations are typically due by the 15th day of the fourth month following the end of the tax year.
Example: If your corporation follows the calendar year, which ends on December 31, the due date falls on April 15.
2. S-Corporation and Partnership:
Due Date: S-Corporations and partnerships typically have a due date of the 15th day of the third month following the end of the tax year.
3. Non-Profit Organizations:
Due Date: Non-profit organizations have a due date of the 15th day of the fifth month following the end of the tax year.
Extensions:
If you require an extension for filing, specific procedures need to be followed.
Understanding these deadlines is vital for avoiding penalties and staying compliant with tax regulations. At CCL Tax & Accounting, Inc., we're here to ensure that you meet all necessary deadlines and navigate your business income tax obligations with ease. Your business's financial well-being is our priority, every step of the way.
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New York
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Starting at $450.00