Beginner’s Guide to Understanding Tax Deadlines for 2023

When Does Tax Season Begin?

The 2023 tax season will begin on January 1, 2023, and the deadline to file taxes will be April 15, 2023. This is the same deadline as the previous year. If you are unable to file your taxes by the due date, you can file for an extension. Extensions must be filed by April 15, 2023 and will allow you to file your taxes by October 15, 2023.

What Are Other Important Dates That You Need to Take Note Of?

In addition to filing your taxes by the due date, there are several other tax deadlines that must be met. The deadline for making estimated tax payments is April 15, 2023. This is the date when the third-quarter estimated tax payment is due. The second-quarter estimated tax payment is due on June 15, 2023, while the fourth-quarter estimated tax payment is due on January 15, 2023.

Aside from the deadlines for filing taxes and making estimated tax payments, the IRS has set deadlines for certain other tax-related activities. The deadline for paying any tax due is April 15, 2023. The deadline for claiming a refund is three years from the date the tax return was filed, or two years from the date the tax was paid, whichever is later. The deadline for filing an amended tax return is three years from the date when the original tax return was filed.

It's important to keep track of these deadlines in order to avoid any penalties or fees. Filing your taxes on time is the best way to ensure that you are in compliance with US tax laws. Remember to file your taxes and make your estimated tax payments by the appropriate deadlines in order to stay in good standing with the IRS.

To help you out, here's a brief run-through of important dates:

Individuals: 

• April 15th, 2023 is the deadline for filing individual income tax returns for the 2022 tax year. This includes filing Form 1040 or Form 1040-SR. 
• April 15th, 2023 is also the deadline for paying any taxes due on the 2022 tax year. 
• June 15th, 2023 is the deadline for filing an extension for individual income tax returns. 
• October 15th, 2023 is the deadline for filing any individual income tax returns that were extended. 

Businesses: 

• March 15th, 2023 is the deadline for filing corporate income tax returns for the 2022 tax year. This includes filing Form 1120 or 1120-S. 
• March 15th, 2023 is also the deadline for paying any taxes due on the 2022 tax year. 
• May 17th, 2023 is the deadline for filing an extension for corporate income tax returns. 
• September 15th, 2023 is the deadline for filing any corporate income tax returns that were extended. 

Self-Employed: 

• April 15th, 2023 is the deadline for filing self-employment tax returns for the 2022 tax year. This includes filing Form 1040-SE. 
• April 15th, 2023 is also the deadline for paying any taxes due on the 2022 tax year. 
• June 15th, 2023 is the deadline for filing an extension for self-employment tax returns. 
• October 15th, 2023 is the deadline for filing any self-employment tax returns that were extended. 

Other Deadlines: 

• January 31st, 2023 is the deadline for filing 1099 forms. 
• April 15th, 2023 is the deadline for filing estate tax returns. 
• April 15th, 2023 is the deadline for filing gift tax returns. 
• April 15th, 2023 is the deadline for filing partnership tax returns. 
• September 15th, 2023 is the deadline for filing trust tax returns.

Conclusion

We hope this article helps you identify important dates that you need to take note of. All taxpayers need to be aware of the due dates for filing their federal tax returns and making estimated tax payments.

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