Working on your financials and taxes never feels fun, but when you stay ahead of deadlines it can feel a lot less frantic. So, mark your calendars and don't miss these key dates to watch for in 2022.
Jan. 31, 2022:
Deadline for any employees or independent contractors you hired last year to receive their W-2, 1099-NEC, or 1099-MISC tax forms.
March 15, 2022:
Deadline to file Form 2553 to switch your business election to an S corporation (S corp) for tax year 2022. If you miss this deadline, your business will not be treated as an S corp until calendar year 2023.
Deadline to file business tax returns for partnerships, S corporations, or LLCs that are taxed as partnerships (Note that this is the deadline for calendar year filers. While most taxpayers fall under this category, there are special exceptions for fiscal-year taxpayers. So, be sure to do some research.
April 18, 2022:
Deadline for C corporations, sole proprietorships (Schedule C), single-member LLCs or LLCs taxed as corporations, and individuals to file their tax returns.
Oct. 17, 2022:
If you received a filing extension on your 2021 income tax return, your extended individual return is due on this date.
2022 quarterly estimated tax payment deadlines: If you are self-employed or receive any form of income that requires you to pay estimated taxes, here are the estimated tax due dates for 2022:
April 18, 2022 – Deadline for 2022 Q1 estimated tax payments
June 15, 2022 – Deadline for 2022 Q2 estimated tax payments
Sept. 15, 2022 – Deadline for 2022 Q3 estimated tax payments
Jan. 17, 2023 – Deadline for 2022 Q4 estimated tax payments
Not quite ready to file your taxes yet?
If you need more time, you have until your tax-filing deadline (see above) to apply for a tax-filing extension. An extension will give you an extra six months to file your return.
Sole proprietors can request a tax extension using IRS Form 4868
Partnerships, S corps, and C corps can request an extension using IRS Form 7004
Not sure where to begin?
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