APRIL 2024
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

Previous Issue

 
TAX CALENDAR

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pril 15 – Individuals must file (or extend) their 2023 personal returns and pay any tax due.

  • Individuals, trusts and calendar-year corporations must pay first-quarter estimated taxes. 
  • Individuals must file a 2023 gift tax return or file for an extension and pay any gift tax due.
  • Calendar-year trusts and estates must file 2023 returns or file for an extension. 
  • Calendar-year corporations must file a 2023 income tax return or file for an extension and pay any tax due.
  • Individuals must file FinCEN Form 114 (“Report of Foreign Bank and Financial Accounts”), if required, but an automatic extension to October 15 applies.
  • Individuals must make contributions to IRAs for 2023. SEP and profit-sharing plan contributions are also due if the return isn’t being extended.

April 30 – Employers must file Form 941 for the first quarter (May 10 if all taxes are deposited in full and on time).  Also, employers must deposit FUTA taxes owed through March if the liability is more than $500.

May 15 – Calendar-year exempt organizations must file (or extend) their 2023 Forms 990, 990-EZ or 990-PF returns.

June 17 – Individuals, calendar-year corporations, estates and trusts must pay second-quarter 2024 estimated taxes.




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