Q2 2024 Business Tax Date: Key deadlines for businesses and employer
Below are several crucial business tax deadlines relevant to businesses and employers in Q2 of 2024. Remember, these dates can change, so there might be more deadlines pertinent to your situation. Reach out to us to confirm compliance with all relevant deadlines and to understand filing obligations in greater detail.
April 15
If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
For corporations, pay the first installment of 2024 estimated income taxes. Complete and retain Form 1120-W (worksheet) for your records.
For individuals, file a 2023 income tax return (Form 1040 or Form 1040-SR) or file for an automatic six-month extension (Form 4868) and pay any tax due.
For individuals, pay the first installment of 2024 estimated taxes, if you don’t pay income tax through withholding (Form 1040-ES).
April 30
Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941) and pay any tax due.
May 10
Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941), if they deposited on time, and fully paid, all of the associated taxes due.
May 15
Employers deposit Social Security, Medicare and withheld income taxes for April if the monthly deposit rule applies.
June 17
Corporations pay the second installment of 2024 estimated income taxes.
Contact Us:
Contact us with any questions by scheduling a meeting with your VAAS Tax Consultant. We look forward to working with you.