Tax Due Dates Archives - Robert P. Russo CPA

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January 2025 Tax Due Dates

January 7, 2025January 1, 2025

January 15 Employers: Deposit nonpayroll withheld income tax for December 2024 if the monthly deposit rule applies. Individuals: Pay the fourth installment of 2024 estimated taxes (Form 1040-ES) if not paying income tax through withholding or not paying sufficient income …

December 2024 Tax Due Dates

December 2, 2024December 1, 2024

December 16 Calendar-year corporations: Pay the fourth installment of 2024 estimated income taxes, completing Form 1120-W for the corporation’s records. Employers: If the monthly deposit rule applies, deposit Social Security, Medicare, and the withheld income taxes for November. Employers: Deposit …

October 2024 Tax Due Dates

November 11, 2024October 1, 2024

October 15 Individuals: File a 2023 income tax return (Form 1040 or Form 1040-SR) if an automatic six-month extension was filed (or if an automatic four-month extension was filed by a taxpayer living outside the United States and Puerto Rico). …

Russo CPA There's still time to make an IRS Contribution for 2022

Extended Return? Don’t Wait—File It Before the Deadline!

September 6, 2024September 2, 2024

If you requested an extension to file your 2023 tax return, you probably know that the extended deadline is coming up soon, on October 15. If you have the information you need, consider filing now. There’s no advantage to waiting, and last-minute filing may lead to worry.

2024 Q3 Tax Calendar: Key Business & Employer Deadlines

July 11, 2024July 3, 2024

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

2024 Q2 Tax Calendar: Key Deadlines for Businesses & Employers

May 8, 2024May 1, 2024

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

What To Do if You Missed the Tax Deadline

May 5, 2023

Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven’t filed a 2022 tax return yet, it’s not too late.

First, gather any information related to income and deductions for the tax years for which a return is required to be filed, then call the office. If you are owed money, the sooner you file, the sooner you will get your refund. If you owe taxes, file and pay as soon as you can, which will stop the interest and penalties you owe.

RUSSO CPA Blog: Standard vs. itemized deductions

Extension Deadline Looming for 2021 Tax Returns

September 7, 2022September 6, 2022

Time is running short for taxpayers who requested an extra six months to file their 2021 tax return. As a reminder, Monday, October 17, 2022, is the extension deadline for most taxpayers. Taxpayers are encouraged to file a complete and accurate return electronically as early as possible once they have gathered all their information. There’s no need to wait until the October deadline.

Russo CPA Tax Tips: Excise Taxes and your business

June 15 Deadline for Taxpayers Living Abroad

May 7, 2022May 5, 2022

If you live or work outside the United States, you generally must file and pay your tax the same way as people living in the U.S. This includes people with dual citizenship. People who live and work abroad have until June 15, 2022, to file their 2021 federal income tax return and pay any tax due. An automatic two-month deadline extension is normally granted for those overseas. If you’re a taxpayer with foreign income, here’s what you should know about reporting foreign income:

Estimated Tax Payments: The Facts

May 7, 2022May 2, 2022

Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.