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Financial Advice From John Kroeker

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As the tax filing season gets underway, I want to remind everyone about the upcoming deadlines for individual and business income tax returns. 

Please take a moment to review the following deadlines and send the necessary information to your financial advisor as soon as possible to ensure a smooth and timely filing process. 

Individual Income Tax Returns (Form 1040)

The deadline to file individual income tax returns for tax year 2023 is Monday, April 15, 2024.

Business Tax Returns (Corporations, Partnerships, and Independent Contractors)

  • C-Corporations (Form 1120): The deadline for filing C-Corporation tax returns is April 15, 2024. 
  • S-Corporations (Form 1120S) and Partnerships: The deadline for filing S-Corporation and Partnership tax returns is March 15, 2024, if you are a calendar-year business. If you use a fiscal year, you need to file by the 15th day of the third month following the close of your tax year.
  • Independent Contractors (Form 1099): The deadline to send W-2s or 1099s to your employees and/or contractors is January 31, 2024. As you know, your employees can’t prepare their tax returns without these forms. Further, preparing the forms early helps to validate payroll costs when doing your business taxes.

We are here to help you navigate this tax season with confidence and clarity. If you have any questions, please contact me at john@teckmeyerfinancial.com or Tel: 402.525.0548, Office: 402.331.8600.

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