This is just a reminder to everyone of two important deadlines on September 15th:
- All extended corporate returns are due
- 3rd quarter estimated tax payments are due
As I mentioned in a previous article, the penalty for late filing of corporate returns is steep. While you have to act quickly, there is still plenty of time to avoid paying these unnecessary fees. The penalty for uneven/underpayment of estimated taxes is substantially lower than the late corporate filing penalty. Still, why pay it if it is avoidable?
If you’re having trouble determining your tax liability for the year (or don’t have any idea!) or are having difficulty getting all of your corporate records in order give me a call. We can get everything taken care of on time and keep the IRS off your back!
Any accounting, business, or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.
