As we plan for the year ahead, we are highlighting notable tax dates to make sure that our clients can keep track of important deadlines. Be prepared for the following filing dates in 2022.
INDIVIDUAL TAX RETURN DUE DATES
Individual Returns/Extensions: due April 18th. April 15th, 2022 falls on Emancipation Day. Although 4/15 is usually Tax Day, government authorities will be closed that day in honor of the day that slavery was abolished in the United States. The holiday has therefore pushed the due date for individual tax filings to Monday, April 18th, 2022. If you require additional time for tax preparation, you will also need to file an extension request by this date. Keep in mind that your final tax payments to both Federal and state authorities will need to be made by this date as the extension only applies to the tax return filing, but not the final tax due.
Extended Returns: due October 17th. The final deadline (if you requested an extension in April) for filing individual returns is October 17th, 2022.
Realize CPA’s Document Deadline: March 15th. We are in the process of sending organizers and/or document information requests to assist you in gathering the tax documents necessary to complete your filings. We strongly encourage all of our clients to review the opening questionnaire, which will cover any notable tax issues that may be critical for your tax planning needs. We ask that you submit a majority of your tax materials to us by March 15th, 2022 if you want your return to be filed by the April 18thdeadline. If we do not receive your supporting documents by 3/15, we cannot guarantee filing, and an extension may be necessary.
INDIVIDUAL ESTIMATED TAX DUE DATES
Please be aware that, depending on the taxable events that occur throughout the year, you may need to make estimated tax payments. To make accurate calculations for each quarter of tax year 2022, please keep us apprised with updates as they occur throughout the year. Deadlines for quarterly estimated tax payments are listed below.
April 18th, 2022: First quarter estimated payments are due for both Federal and state taxing authorities for income earned through March 31st, 2022.
June 15th, 2022: Second quarter estimated payments are due for both Federal and state taxing authorities for income earned through May 31st, 2022.
September 15th, 2022: Third quarter estimated payments are due for both Federal and state taxing authorities for income earned through August 31st, 2022.
January 17th, 2023: Fourth quarter estimated payments are due for both Federal and state taxing authorities for income earned through December 31st, 2022.
ENTITY TAX FILING DUE DATES
March 15th, 2022: Partnership (Form 1065) and S-Corporation (Form 1120S) returns, including California passthrough entity forms, are due.
June 15th, 2022: California passthrough entity estimated tax due
September 15th, 2022: Extended Partnership (Form 1065) and S-Corporation (Form 1120S) returns are due.
April 18th, 2022: C-Corporation (Form 1120) and Trust (Form 1041) returns are due.
September 30th, 2022: Extended Trust (Form 1041) returns are due.
October 17th, 2022: Extended C-Corporation (Form 1120) returns due.
May 17th, 2022: Exempt Organization (Form 990) returns are due.
November 15th, 2022: Extended Exempt Organization (990) returns due.
You can download a printable calendar of due dates here if you would like a copy of the schedule above.
If you have any questions about filing deadlines, please reach out to your team of dedicated tax advisors at Realize.
REALIZE YOUR BUSINESS GOALS
Every business, from start-ups to seasoned operations, needs a proactive trusted advisor working for its best interest. Whether your business is technology, venture capital, or real estate, Realize can ensure your accounting and tax compliance needs are met. We provide your company with meaningful business advice and make certain you are taking advantage of the tax-saving opportunities available to you.