Partnerships can also request an automatic six-month extension to file their tax returns and issue K-1s using Form 7004. Partnerships must also file their tax returns and issue their partner K-1s. Corporations can also request an automatic six-month extension to file their tax returns and issue K-1s using Form 7004.
K-1s must be distributed to shareholders.
March 15: S-Corporations must file their tax returns and pay any tax due. Many payroll services can handle this automatically, but you may want to check so you know what role you'll need to play in ensuring that you meet the deadline. Februaryįebruary 1: Deadline for sending copies of W2s out to your employees. January 31: Non-employees must be sent their 1099 forms. Even though we're already approaching the second quarter of the year, you can keep these dates in mind for next year. Here are the critical filing deadlines for small-business taxes that must be met by all small businesses in 2017. As such, small-business taxes have a significant role to play in the financial upkeep of these businesses.Īs a small-business owner myself, I wanted to created a comprehensive go-to guide (complete with IRS-sourced information) that fellow business owners could use to plan for this tax year and years ahead. According to a 2016 report by the Small Business Administration ( SBA), small businesses in the United States employ 56.8 million people and make up 99.7 of all businesses in the country.