Remove the stress from tax season
Use our helpful tax resources hub to answer any questions you may have about the upcoming tax season, get tips and stay up to date.
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1099-NEC
Deadline Jan 31
1099-MISC
Deadline Feb 31
If your business hired a contractor and paid them over $600 in the last year, you are responsible for issuing them a 1099-NEC. The deadline was January 31.
All payments made to nonemployees in the year (payments of fees, benefits, commissions etc), will require a 1099-MISC which is due on February 15.
Sole proprietors
Deadline April 18
Documents
Form 1040, Form 4868
April 18 is the deadline to file for an extension using Form 4868.
After an extension, you will need to file by October 16. Even if you did file an extension, you will still be liable to pay some taxes on the original due date.
S corporation
Deadline March 15
Documents
Form 1120-S, Form 7004
If you want to file an extension, you will need to do so by March 15 using Form 7004.
If you filed an extension, you will now have until September 15 to file S corp taxes. Even if you did file an extension, you will still be liable to pay some taxes on the original due date.
Partnerships
Deadline March 15
Documents
Form 1065, Form 7004
If you want to file an extension, you will need to do so by March 15 using Form 7004.
If you filed an extension, you will now have until September 15 to file partnership taxes. Even if you did file an extension, you will still be liable to pay some taxes on the original due date.
C corporation
Deadline April 18
Documents
Form 1120,
Form 4868
If you want to file an extension, you will need to do so by April 18 using Form 4868.
If you filed an extension, you will now have until October 16 to file c corp taxes. Even if you did file an extension, you will still be liable to pay some taxes on the original due date.
Didn’t file last year’s taxes? Need catch up bookkeeping? We’ve got you covered.
Tax prep and filing
Tax guides for every type of entity. As well as tips to help you stay up to date.
Tax filing 101
Filing by entity
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FAQ
Frequently Asked Questions
Business tax filing deadlines typically vary depending on your business structure. For most businesses, it’s April 15th, but it may differ for C Corporations and other entities.
You are considered self-employed if you are an independent contractor, freelancer, or own an unincorporated business. You generally need to report self-employment income on Schedule C of your tax return.
Penalties can include late filing penalties, late payment penalties, and interest charges. The specific penalties vary depending on factors such as the type of tax and how late the payment or filing is.
The choice between an LLC and an S Corp depends on factors like your business goals, ownership structure, and taxation preferences. Consult with a tax advisor or attorney to make an informed decision.
The forms you need to use depend on your business structure. Common forms include Form 1040 (for sole proprietors), Form 1120 (for C Corporations), and Form 1065 (for partnerships).
Yes, there are various deductions and credits available for business expenses, research and development, energy efficiency, and more. Consult a tax professional to identify which ones apply to your business.
