J.K. Lasser's Small Business Taxes 2023

CHAPTER 31Filing Tax Returns, Paying Taxes, and Making Refund Claims

• Income Tax Deadlines and Extensions
• Online Filing of Business Income Tax Returns
• Estimated Taxes
• Making Tax Payments
• Claiming Refunds
• Filing Other Business Returns

Alert

At the time this book was published, Congress was considering tax changes that could affect 2022 tax returns and planning for 2023. Check the online Supplement in February 2023 at www.jklasser.com or www.BigIdeasForSmallBusiness.com to see what changes have been enacted and when they become effective.

It's one of the facts of a business owner's life to file returns and pay taxes. The filing deadlines and tax payment rules for businesses and their owners may be different from those for individuals. Making sure you comply with filing and payment requirements is essential for avoiding unnecessary penalties and interest.

For more information about the electronic federal tax payment system, see IRS Publication 966, Electronic Federal Tax Payment System.

Income Tax Deadlines and Extensions

The date by which your business return must be filed depends on your type of entity and tax year. The information in Table 31.1 applies for 2022 returns to businesses reporting on a calendar‐year basis.

Partnerships, limited liability companies, and S corporations must also furnish owners with a Schedule K‐1 (and K‐3, if applicable) by the due date.

For corporations on a fiscal year ending other than June 30, the due date is 3½ months after the ...