April 2023 Business Due Dates
Disaster Area Extensions:
Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
For example, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.
April 18 – Household Employer Return Due
If you paid cash wages of $2,400 or more in 2022 to a household employee, you must file Schedule H. If you are required to file a federal income tax return (Form 1040 or 1040-SR), file Schedule H with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of 2021 or 2022 to household employees. Also, report any income tax that was withheld for your household employees. For more information, please call this office.
April 18 – C-Corporations
File a 2022 calendar year income tax return (Form 1120) and pay any tax due. If you need an automatic 6 -month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns, and deposit what you estimate you owe. Filing this extension protects you from late filing penalties but not late payment penalties, so it is important that you estimate your liability and deposit it using the instructions on Form 7004.
April 18- Social Security, Medicare and Withheld Income Tax
If the monthly deposit rule applies, deposit the tax for payments in March.
April 18 – Non-Payroll Withholding
If the monthly deposit rule applies, deposit the tax for payments in March.
April 18 – C-Corporations
The first installment of 2023 estimated tax of a calendar year corporation is due.
April 18 – Fiduciary Returns
Last day to file a 2022calendar year fiduciary return (Form 1041, U.S. Income Tax Return of Estates and Trusts) or file an extension.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.
Napoli Tax Services LLC is a tax preparation, tax problem resolution, tax relief, IRS representation CPA tax services firm serving Individuals and Small Businesses.