Tax deadlines can sneak up on everyone, including you, and nothing is more aggravating than having to pay a fine you could have avoided.
Stay one step ahead of the IRS and save your hard-earned money. Feel free to save each applicable filing date to your calendar.
When is “tax day”?
Tax day for all individuals, sole proprietors, and Single Member LLCs is officially on April 18, 2022.
If you’re an incorporated business such as a S-corp, C-corp, or Partnership, tax day is officially March 15, 2022.
When are 2022 tax extensions due?
You have until the due date of your taxes to file for an extension. Individuals can still file for a tax extension on April 18. S corporations, C corporations and partnerships have until March 15 to file for an extension.
What’s the deadline to pay your taxes?
Provided you’re mailing your return, the IRS deems it “on time” if it’s properly addressed, has sufficient stamps, and gets in the mail by the close of business on the filing deadline. If you’re e-filing your tax return, you have until midnight on your tax filing due day to file your return.
For those who are self-employed, your company is likely to pay taxes in four installments during the year rather than all at once. These estimated tax payments are due on April 15, June 15, September 15, and January 16, 2023.
Check out Robert Hall & Associates if you prefer having a tax professional manage your bookkeeping and federal income tax filing. Our team of tax preparers will give you year-round tax assistance and submit your taxes for you. You’ll have a tax planning session to ensure you’re well prepared for next year. Our tax preparers are highly skilled at dealing with the seasonal headaches —bookkeeping and taxes.
Not paying your taxes on time
It’s preferable to file and pay your taxes as soon as possible to avoid penalties. Otherwise, You’ll have to pay a penalty if you pay your taxes after the deadline. This equates to an extra 0.5 percent of unpaid taxes each month until your initial tax debt is paid (up to a maximum 25 percent of your total tax bill).
Learn about the IRS Fresh Start program if you’re worried about getting behind on your tax payments.
2022 Tax Deadlines
Here is a detailed list of every tax deadline in 2022.
January 3, 2022
Hurricane Ida victims’ application deadline has been extended to 2021. (Pennsylvania, New York, and New Jersey). Specific filing deadlines have been extended for individuals and businesses in Pennsylvania, New York, and New Jersey affected by Hurricane Ida.
If you successfully extended your tax filing deadline from October 15, 2021 to January 3, 2022, you now have to file until January 3, 2022.
Quarterly anticipated income tax payments and excise tax returns due on September 15, 2021, have been put back to January 3, 2022.
January 18, 2022
Say your farewells to 2021 since today is the deadline for the fourth (and last) estimated quarterly tax payment for the previous tax year.
Individuals do not need to file this payment due on January 18, 2022, if they file their 2021 tax return by January 31, 2022 and pay the balance payable with their return. (See Form 1040-ES for more details)
January 31, 2022
Form W-2 filing deadline
For those with employees, you will need to produce two copies of Form W-2 for each employee The IRS requires only one W-2 form and other form goes to the employee. The deadline for both forms is on January 31, 2022.
Form 1099-NEC Copy A and B filing deadline
For those working with independent contractors, the deadline for submitting Form 1099-NEC is January 31, 2022. By this date, Copy A must be submitted with the IRS while Copy B must also be delivered to the contractor.
Form 1099-MISC Copy B filing deadline
Copy B of Form 1099-MISC must be provided to the payee before January 31, 2022, regardless of whether you file electronically or on paper.
February 28, 2022
Form 1099-MISC paper filing deadline
A 1099-MISC form will be required for some 1099s. Only paper filing will be required on this day. You can file on March 31, 2022, if you submit online or miss the paper filing date.
Copy A must be delivered to the IRS. The receiver receives Copy B, which is due on January 31, 2022.
March 15, 2022
S corporation, C corporations and partnership tax returns due
The deadline to file your S corporation or C corporation tax return (Form 1120-S) (Form 1120) or partnership tax return (Form 1065) is today. S companies and partnerships, for example, do not have to pay taxes on their earnings. This tax is levied on the individual earnings of the shareholders or partners.
The deadline to file an extension for S corporation, C corporation and partnership tax returns is March 15.
March 31, 2022
Form 1099-MISC Copy A filing deadline
A 1099-MISC form will be required for some 1099s. This covers payments of at least $600 in rent paid, litigation settlements, or prize or award winners to an individual or LLC throughout the year.
This deadline is solely for electronic submissions. Copy A must be delivered to the IRS, and Copy B must be delivered to your receiver.
April 15, 2022
Estimated quarterly payments
The first projected quarterly tax payment for 2022 is due today if your firm pays taxes on a quarterly basis.
Individual tax returns due
Individual tax returns must be filed by this date (Form 1040). you can also e-file for free utilizing IRS Free FileIf your income for the tax year is less than $66,000. You can utilize the IRS’s free forms if your income is more than that.
The April 18, 2022 deadline also applies to sole proprietors who file Schedule C on their personal tax returns. The deadline to ask for an extension to file your individual tax return is April 18.
State tax returns
Each state has their own tax deadlines. Click here to find the list of current state tax deadlines.
June 15, 2022
Estimated quarterly payments
The second estimated quarterly tax payment for 2022 is due today.
September 15, 2022
Estimated quarterly payments
Today is the third estimated quarterly tax payment for 2022. Your tax return is due immediately if you are a S company or partnership that successfully applied for an extension.
October 15, 2022
Your income tax return is immediately due if you applied for an extension as a C company. This is also the new deadline for sole proprietorships that were granted a tax extension.
November 1, 2022
Start making tax moves
Now is the perfect chance to prepare and take action, if you haven’t already. End-of-year tax planning can help you develop your business while also lowering your taxable income for the year.
Robert Hall & Associates’ team of professional tax accountants can assist you in your end-of-year tax planning, allowing you to minimize your tax liabilities without giving yourself a headache.
December 31, 2022
Tax moves deadline
The last day to conduct any tax moves for the 2022 tax year is today.
Set up a solo 401 (k)
Today is the deadline to set up a solo 401 (k) if you’re self-employed.
When will my tax refund arrive?
Most taxpayers will get their refund within 21 days of the IRS receiving their tax return. That isn’t a guarantee from the IRS. However, you may anticipate receiving your tax refund 3-4 weeks after completing your return. Using the IRS Where’s My Return tool, you may check your IRS refund status in under five minutes.
When will I be able to start submitting taxes for 2022?
On February 12, 2021, the IRS began receiving tax returns. This was because they were making improvements to their system. The IRS usually begins taking tax returns in mid-to-late January.
What’s Robert Hall & Associates?
Robert Hall & Associates is a premier tax firm that prepares over 10,000 tax returns every year. Our professional tax preparers and tax consultants can remove the burden of tax season by providing you with stress-free Tax Preparation services. We’ll also help you minimize your tax liabilities and take advantage of opportunities to save your hard-earned income.
If you are looking for a better tax experience, we invite you to see the Robert Hall & Associates difference for yourself. Call us at 818.583.8524 or fill out our contact us form to schedule a free consultation.
