7. Tax Deadlines, Extensions, and Penalties - Molen & Associates

Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

7. Tax Deadlines, Extensions, and Penalties

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, tax deadlines, penalties and extensions.

 

Important Points:

S Corp and Partnership tax deadlines March 15

Individual and Corporate tax deadlines April 15

Franchise deadline May 15

S Corp and Partnership tax extension deadline September 15

Individual and Corporate tax extension deadline October 15

Required Minimum Distribution deadline December 31

Estimated tax payments to be made on a quarterly basis

 

Consequences of missing deadlines

Late filing penalties

What does filing an extension mean

Benefits of being a timely tax filer

How to pay the IRS

How do installment agreements work?

What are the rules for claiming children after being divorced?

 

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281-440-6279

 

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Check out this episode!

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