Frequently Asked Questions
When are taxes due?
For personal taxes, the due date is the 15th day of the fourth month, typically April 15. For corporate taxes, the deadline is the 15th day of the fourth month of your fiscal year, which is usually April 15th. For corporations however, there are additional deadlines for different forms and reports. W-2 and 1099 statements have to filed by the end of the first month of the fiscal year. Miscellaneous 1099 statements must be filed by the end of the third month of the fiscal year.
Do I file corporate taxes?
Sole proprietors and single-member LLCs don’t need to file separate taxes and can report everything on personal taxes. Corporations and multi-member LLCs do need to file corporate taxes.
Can I do my own taxes?
Yes, the IRS has a free file tool that you can access at any time, or you can use other programs to file yourself. But it may be beneficial to at least speak to a tax professional to understand what benefits and credits you may be missing by filing yourself. This is especially true for corporate taxes, as they are much more complicated than personal taxes.