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This Week in the Tax Office When To File January 1, 2024

Let’s Face It…

Taxes aren't anyone's favorite topic. Well we are on a mission to change how you feel about doing your taxes. Tune in weekly as we unravel the intricacies of the tax code, breaking down complex concepts into bite-sized, easy-to-understand pieces. Each week, we'll delve into different tax topics, offering practical tips, expert insights, and real-world examples to make your tax journey not just tolerable but surprisingly enlightening.


This year federal tax season begins January 29, 2024. The final due date is April 15, 2024. Each state may vary. Corporate taxes and extensions are due March 15, 2024. Personal extensions are due April 15, 2024. Corporate extensions must be filed by September 15, 2024. Personal extensions must be filed by October 15, 2024. 


Did you know that if you made an LLC during the last year you Must file a corporate tax return. 

In states like California an LLC is an automatic $800 owed to the state of California even with zero or negative income.


We offer an E guide to get you feeling confident about your next income tax appointment. Click the link below to learn more. Join our community of tax-savvy individuals who have turned tax season from a source of stress into just another day of the year!



A Quick Guide to Tax Season

These are important dates to remember. 

For Individuals;  (just a quick fyi: this means family too, individual is as opposed to a business return) April 15 of every year is considered the Last filing date. Generally you can think of February 1 of every year as the First filing date. These dates aren’t set in stone anymore. We have added holidays, and if there is a pandemic, (who would’ve thought, huh?) and now that the IRS (Internal Revenue Service) does almost all tax return filings electronically, the start date is when they are ready for that influx of electronic information. So the beginning and ending dates may change. That’s why it’s a good rule of thumb to use February 1 as the start and always April 15 as the final day to file your individual tax return. 

Individual Extensions have to be filed by April 15. 

October 15 is the last day to file your individual tax return if you filed an extension. 

An extension is an extension to file not to pay! This means you should only file an extension if you know you get a refund. You can file an extension if you know that you will owe but you have to make a good faith payment with the extension in the amount you think you will owe. 

Here is a tip;  if you know you owe every year you should file your taxes on the first day so you have time to gather the money. 

For Corporations (this is not a side business, this is a separate entity that has filed titles of incorporation) the first Filing Date is going to be the same as an individual return, however the last Filing Date is March 15 and the last day to file a corporate return with an extension is September 15. 

These dates won’t apply to most individuals. Just knowing these dates and having them set in stone in your mind will relieve some of the stress with taxes. These dates were common knowledge, but somehow they have become unknown in our younger developing society. Let’s take control and get to know our own tax returns so we can make the best decisions for ourselves and our families.


© This Week in the Tax Office


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