Here are several important tax deadlines impacting businesses and employers in the third quarter of 2024. This list is not exhaustive, so there may be additional deadlines relevant to your situation. Contact an Axley & Rode advisor to ensure compliance with all applicable deadlines and to understand specific filing requirements
July 15
- Employers should deposit Social Security, Medicare, and withheld income taxes for June if the monthly deposit rule applies. They should also deposit nonpayroll withheld income tax for June if the monthly deposit rule applies.
July 31
- Report income tax withholding and FICA taxes for the second quarter of 2024 (Form 941) and pay any tax due. (See the exception below, under “August 12.”)
- File a 2023 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or request an extension.
August 12
- Report income tax withholding and FICA taxes for second quarter 2024 (Form 941), if you deposited on time and in full all the associated taxes due.
September 16
- If a calendar-year C corporation, pay the third installment of 2024 estimated income taxes.
- If a calendar-year S corporation or partnership that filed an automatic six-month extension:
- File a 2023 income tax return (Form 1120-S, Form 1065, or Form 1065-B) and pay any tax, interest, and penalties due.
- Make contributions for 2023 to certain employer-sponsored retirement plans.
- Employers should deposit Social Security, Medicare, and withheld income taxes for August if the monthly deposit rule applies. They should also deposit nonpayroll withheld income tax for August if the monthly deposit rule applies.
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