Deadlines Approaching: Tax Season in the U.S.
Deadlines Approaching: Tax Season in the U.S.
Meltem Cerci
Sr. Sales Associate
Barış Day
Senior Specialist
Deadlines Approaching: Tax Season in the U.S.
The U.S. tax filing season is in full swing, and key deadlines are approaching fast. With the March 15 deadline for S-Corporations and Partnerships just days away, and the April 15 deadline for C-Corporations and individual taxpayers on the horizon, it is crucial to understand what steps to take and when. Late filers face penalties, interest charges, and potential complications that can be easily avoided with proper planning and timely action.
In this free webinar hosted by Manay CPA, Senior Specialist Barış Day covers everything you need to know about the current tax season — from filing requirements and extension options to commonly overlooked deadlines and last-minute strategies. Whether you are an individual filer, a business owner, or someone who has already requested an extension, this session will help you navigate the process with confidence. Join us for expert insights and a live Q&A session moderated by Meltem Cerci.
Deadlines Approaching: Tax Season in the U.S.
What are the key tax filing deadlines for 2024?
The tax filing calendar includes several critical dates. March 15 is the deadline for S-Corporations (Form 1120-S) and Partnerships (Form 1065). April 15 is the deadline for individual returns (Form 1040) and C-Corporation returns (Form 1120). If you miss these deadlines without filing an extension, you may face failure-to-file penalties of 5% per month on unpaid taxes, up to a maximum of 25%. Filing an extension gives you until September 15 (for S-Corps and partnerships) or October 15 (for individuals and C-Corps) to submit your return.
What should late filers and extension requesters know?
If you have missed a deadline or are considering requesting an extension, it is important to understand that an extension to file is not an extension to pay. You must still estimate and pay any taxes owed by the original deadline to avoid interest and late payment penalties. For individuals, Form 4868 provides an automatic six-month extension. For businesses, Form 7004 serves the same purpose. Even if you cannot pay the full amount owed, filing on time or requesting an extension significantly reduces the penalties you may face.
How can you prepare effectively as deadlines approach?
As the filing deadline approaches, ensure all your financial documents are organized — including W-2s, 1099s, receipts for deductions, and prior year returns. Verify that estimated tax payments made throughout the year are accurately recorded. Review your filing status and ensure you are claiming all eligible deductions and credits. If you operate a business, reconcile your books and confirm that all payroll taxes have been properly reported. Working with a qualified CPA can help identify last-minute opportunities to reduce your tax liability.
Deadlines Approaching: Tax Season in the U.S.
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