LLC Tax Deadlines for 2024: Key Dates to Remember

## Understanding LLC Tax Deadlines for 2024 As a Limited Liability Company (LLC) owner, staying on top of tax deadlines is crucial to avoid penalties and ensure compliance with the IRS. The tax landscape can be complex, with various forms and deadlines to navigate throughout the year. ### Key Annual Tax Return Deadlines 1. **March 15, 2024**: - **S Corporation and Partnership Returns**: File Form 1120-S (S corporations) or Form 1065 (partnerships and multi-member LLCs) - Schedule K-1 forms must be provided to partners/shareholders - Extensions available until September 16, 2024, using Form 7004 2. **April 15, 2024**: - **Individual Tax Returns**: Single-member LLCs (Form 1040 and Schedule C) - **C Corporation Returns**: Form 1120 for LLCs taxed as C corporations - Extensions available until October 15, 2024 ### Estimated Tax Payment Schedule * Q1: April 15, 2024 * Q2: June 17, 2024 * Q3: September 16, 2024 * Q4: January 15, 2025 > Note: If any deadline falls on a weekend or legal holiday, the due date moves to the next business day. ### Employment Tax Deadlines #### Quarterly Employment Tax Returns (Form 941) 1. Q1: April 30, 2024 2. Q2: July 31, 2024 3. Q3: October 31, 2024 4. Q4: January 31, 2025 #### Annual Employment Tax Returns * Form 940 (FUTA Tax Return): January 31, 2024 * W-2 and W-3 Forms: January 31, 2024 * 1099-NEC Forms: January 31, 2024 ### Important Considerations - **State Tax Deadlines**: State deadlines may differ from federal deadlines. Check with your state's [Department of Revenue website](https://taxadmin.org/) for specific dates. - **Filing Extensions**: While extensions give you more time to file your return, they do not extend the time to pay any taxes owed. Pay estimated taxes by the original deadline to avoid interest and penalties. - **Natural Disaster Areas**: The IRS may extend deadlines for businesses in federally declared disaster areas. Check the [IRS disaster relief page](https://www.irs.gov/newsroom/tax-relief-in-disaster-situations) for updates. ### Record Keeping Requirements Maintain organized records throughout the year: * Income statements * Expense receipts * Bank statements * Previous tax returns * Business formation documents ### Helpful Resources - **[IRS Website](https://www.irs.gov/)**: Forms, instructions, and tax law updates - **[Small Business Administration (SBA)](https://www.sba.gov/)**: Resources and guidance for small business owners - **[Tax Software and Services](https://turbotax.intuit.com/)**: Tools for tax preparation and filing - **[State Business Registration Offices](https://www.usa.gov/small-business)**: State-specific requirements and deadlines --- Remember that tax laws and deadlines can change. Always verify current requirements through official sources or consult with a tax professional for the most up-to-date information specific to your situation.

LLC Tax Deadlines for 2024: Key Dates to Remember

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