Don’t miss your deadline! Learn when and how to file corporate taxes.
As a business owner, it’s important to know when your corporate taxes are due. The due date for filing your corporate taxes depends on your fiscal year and whether you’re filing a paper or electronic return.
In this blog post, we’ll cover the following topics:
- When are corporate taxes due in the US?
- What are the different fiscal years?
- How to file your corporate taxes electronically
- How to file your corporate taxes by mail
When Are Corporate Taxes Due in the US?
The general due date for filing your corporate taxes in the US is March 15th. However, there are some exceptions to this rule. For example, if you’re a fiscal year taxpayer, your due date is the 15th day of the third month following the end of your fiscal year.
If you’re unable to file your corporate taxes by the due date, you can request an extension. However, you’ll still have to pay your taxes by the original due date.
What Are the Different Fiscal Years?
A fiscal year is a 12-month period that a business uses for accounting purposes. The most common fiscal years are:
- Calendar year: The calendar year runs from January 1st to December 31st.
- 52-53 week year: This is a year that ends on the same day of the week as it started.
- 4-4-5 year: This is a year that has four quarters of four months each, followed by a quarter of five months.
How to File Your Corporate Taxes Electronically
Filing your corporate taxes electronically is the fastest and easiest way to file. You can file your corporate taxes electronically through the IRS website, or through a tax preparation software program.
To file your corporate taxes electronically, you’ll need the following information:
- Your employer identification number (EIN)
- Your income information
- Your deductions and credits
How to File Your Corporate Taxes by Mail
If you prefer to file your corporate taxes by mail, you can download the appropriate forms from the IRS website. You’ll also need to enclose a check or money order for the amount of taxes you owe.
Conclusion
By following these tips, you can make sure you file your corporate taxes on time and avoid any penalties.
Recommendations
- If you’re not sure how to file your corporate taxes, it’s a good idea to hire a tax professional.
- You can find tax preparation software programs online or at most major retailers.
- The IRS website has a wealth of information about filing corporate taxes.
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