Tax Due Dates
Please notethis is general information that applies to most situations. Exceptions do exist. Please follow the instructions that were provided to you in your "blue folder" after your tax appointment.
Estimated Tax Payments:
- April 15TH
- June 15th
- September 15th
- January 15th
Individual Income Tax Deadline:
- April 15th without extension
- October 15th with extension
Corporate Income Tax Deadline:
- March 15th without extension
- September 15th with extension
CA (SCorp & LLC) Corporate Franchise Tax Payment:
- $800.00 or 1.5% of net profit due no later than March 15th with OR without extension
EXTENSIONS "DO NOT" EXTEND THE TIME TO PAY....ONLY TO FILE YOUR INCOME TAXES
Common Misconception Regarding Tax Payments:
- Tax payments are due at the time the income is earned, not with the filing of the income taxes. Translation: If you owe income taxes and you pay after January 15th after the end of the year the income is earned, penalties can be as high as 25% of the underpaid tax. Very expensive.
If you think you are going to owe taxes:
- The government gives you only 15 days after the end of the year to project your income tax liability and make your final payment. If you don't have enough money to pay in full, we recommend that you pay what you can afford as soon as possible because penalties only accrue on the UNPAID balance.