Federal Tax Deadlines for US Businesses

US businesses must adhere to several federal tax deadlines throughout the year to avoid penalties and interest charges. Some of the most important federal tax deadlines are:

• January 31: Businesses must file Form 1099-MISC for non-employee compensation paid in the previous year, such as payments to contractors.
• April 15: Businesses must file their annual income tax return (Form 1120) and pay any taxes due.
• April 30: Businesses must file their annual employment tax return (Form 941) and pay any taxes due.
• June 15: Businesses with a fiscal year ending on June 30 must file their annual income tax return (Form 1120) and pay any taxes due.
• September 15: Businesses with an automatic extension must file their annual income tax return (Form 1120) and pay any taxes due.
• December 31: Businesses must file their annual employment tax return (Form 940) and pay any taxes due.

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State Tax Deadlines for US Businesses

In addition to federal tax deadlines, US businesses must also comply with various state tax deadlines. These deadlines may vary depending on the state and the type of tax. Some common state tax deadlines for US businesses include:

• Sales tax: Sales tax returns and payments are typically due on a monthly or quarterly basis, depending on the state.
• Franchise tax: The deadline for franchise tax varies by state, but most states require businesses to file and pay annually.
• Business personal property tax: This tax is based on the value of a business's tangible property, such as equipment and furniture. The deadline for this tax varies by state, but it is usually due annually.
• Employer tax: Employers must pay state unemployment tax and state disability insurance tax. The deadlines for these taxes vary by state but are usually due quarterly or annually.

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US businesses must comply with various tax and compliance deadlines throughout the year to avoid penalties and interest charges. By staying on top of these deadlines, businesses can ensure they are meeting their obligations and avoiding any unnecessary financial burden.

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