Tax Due Dates

Tax Due Dates for November 2022

During November Employers – Income Tax Withholding. Ask employees whose withholding allowances will be different in 2023 to fill out a new Form W-4. The 2023 revision of Form W-4 will be available on the IRS website by mid-December. November …

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Tax Due Dates for October 2022

October 11 Employees who work for tips – If you received $20 or more in tips during September, report them to your employer. You can use Form 4070. October 17 Individuals – If you have an automatic 6-month extension to …

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RUSSO CPA Blog: Keeping good tax records

Extension Deadline Looming for 2021 Tax Returns

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.

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Tax Due Dates for September 2022

September 12 Employees Who Work for Tips – If you received $20 or more in tips during August, report them to your employer. You can use Form 4070. September 15 Individuals – Make a payment of your 2022 estimated tax …

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Tax Due Dates for August 2022

August 1 Employers – Federal unemployment tax. Deposit the tax owed through June if more than $500. Employers – If you maintain an employee benefit plan, such as a pension, profit sharing, or stock bonus plan, file Form 5500 or …

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June 15 Deadline for Taxpayers Living Abroad

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:

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Estimated Tax Payments: The Facts

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.

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Tax Tips Image: Neatly stacked pennies in an ascending line.

File on Time Even if You Can’t Pay

Generally, taxpayers should file their tax returns by the deadline even if they cannot pay the total amount due, but if you can’t, there are several options. Let’s take a look at a few scenarios:

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Filing a Tax Return: Avoid These Common Errors

While not all mistakes on tax returns cause delays in refunds, as the April 18 deadline approaches, taxpayers are advised to steer clear of the common tax return errors listed below to ensure a timely refund.

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