Tax Due Dates for February 2024

Sarah B

March 15

Calendar-year S corporations: File a 2023 income tax return (Form 1120-S) and provide each shareholder with a copy of ScheduleK-1 (Form 1120S) or a substitute Schedule K-1 or file for an automatic six-month extension (Form 7004). Pay any tax due.

Calendar-year partnerships: File a 2023 income tax return (Form 1065 or Form 1065-B) and provide each partner with a copy of Schedule K1 (Form 1065) or a substitute Schedule K1 or request an automatic six-month extension (Form 7004).

Employers: Deposit Social Security, Medicare and withheld income taxes for February if the monthly deposit rule applies

Employers: Deposit nonpayroll withheld income tax for February if the monthly deposit rule applies.


April 1

Employers: Electronically file 2023 Form 1097, Form 1098, Form 1099 (other than those with an earlier deadline) and Form W-2G.


April 10

Individuals: Report March tip income of $20 or more to employers (Form 4070).


November 2025 Newsletter

By Sarah Bolton • November 4, 2025
Our regularly updated newsletter provides timely articles to help you achieve your financial goals. Please come back and visit often. Feature Articles Bonus Depreciation and Other Year-End Tax-Saving Tools for Businesses 5 Smart Tips for Individual Year-End Tax Planning Throwing a Party for Your Workforce? Know the Tax Rules  Tax Tips Make Sure Every Donation Counts Making Tax-Free Gift in 2025 and 2026 Easier Reporting Rules for Some Forms Upcoming Tax Dates

November 2025: Upcoming Tax Due Dates

By Sarah Bolton • November 4, 2025
November 17 Employers: Deposit Social Security, Medicare and withheld income taxes for October if the monthly deposit rule applies. Employers: Deposit nonpayroll withheld income tax for October if the monthly deposit rule applies.  Calendar-year exempt organizations: File a 2024 information return (Form 990, Form 990-EZ or Form 990-PF) if a six-month extension was filed. Pay any tax, interest and penalties due. December 10 Individuals: Report November tip income of $20 or more to employers (Form 4070).

Easier Reporting Rules for Some Forms

By Sarah Bolton • November 4, 2025
A pesky reporting burden for businesses will be eased by legislation signed into law on July 4. Currently, businesses must issue a Form 1099-MISC to any payee (and to the IRS) when transactions reach $600 in a calendar year. And businesses that pay $600 or more for services rendered by an independent contractor must issue a Form 1099-NEC (Nonemployee Compensation). Beginning with payments made in 2026, the threshold rises from $600 to $2,000 and will be adjusted for inflation in subsequent years. This change simplifies compliance and reduces the risk of penalties for missed 1099 filings. However, businesses must continue to maintain accurate records of all payments.