April 18 (normally April 15; however, the deadline changed to April 18 in 2022 due to observance of Emancipation Day).
- If you’re a calendar-year corporation, file a 2021 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
- Corporations pay the first installment of 2022 estimated income taxes.
- For individuals, file a 2021 income tax return (Form 1040) or file for an automatic six-month extension (Form 4868) and paying any tax due. (See June 15 for an exception for certain taxpayers.)
- For individuals, pay the first installment of 2022 estimated taxes, if you don’t pay income tax through withholding (Form 1040-ES).
May 2
- Employers report income tax withholding and FICA taxes for the first quarter of 2022 (Form 941) and pay any tax due.
May 10
- Employers report income tax withholding and FICA taxes for the first quarter of 2022 (Form 941), if you deposited on time and fully paid all of the associated taxes due.
June 15
- Corporations pay the second installment of 2022 estimated income taxes.
- California – PTE initial payments due for 2022 taxable year
© 2022
Keep these 3 issues in mind after you file your return
/in Tax/by KKB CPAsFor more helpful tax and accounting articles, or to sign up for our newsletter, please visit our KKB Insights page. If you have any questions, please contact us. Continue Reading Keep these 3 issues in mind after you file your return
Update on retirement account required minimum distributions
/in Tax/by KKB CPAsThe SECURE 2.0 law includes good news about required minimum distributions from tax-favored retirement accounts. But an earlier law contained some bad news for certain beneficiaries of inherited retirement accounts. Here are the rules. Continue Reading Update on retirement account required minimum distributions
The tax deadline is almost here: File for an extension if you’re not ready
/in Tax/by KKB CPAsThe April 15 tax deadline is approaching, but what if you’re not ready to file? There are some simple steps you can take to avoid steep penalties. Continue Reading The tax deadline is almost here: File for an extension if you’re not ready