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When Is a Corporate Tax Return Due? | Your Business

Both Form 1120 and Form 1120S are due on the 15th day of the third month following the end of the corporation's tax year. For example, corporations with a fiscal year ending March 31 must file their tax returns by June 15. Corporations whose fiscal year ends June 30 must file by September 15; fiscal years ending September 30, by December 15. Any tax due must be paid at this time.

Filing Extensions for Non-Calendar Tax Years

S corporations must provide each shareholder with a copy of Schedule K-1 by the date the tax return is due. As with...

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How Are Federal Payroll Taxes Calculated on Paychecks ...

The payroll taxes include the Social Security tax, Medicare tax and the additional Medicare tax. These taxes aren't affected by allowances the employee claims on the W-4 form or by the employee's filing status. However, the different portions of the payroll taxes apply to different portions of income, which can change from year to year.

Step 1

Subtract the amount of any health or accident...

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Related topics : social security payroll tax calculator / social security income tax calculator / social security tax calculator / federal tax rate calculator per paycheck / federal income tax withholding calculator paycheck

What Is the Statute of Limitation on Payroll Tax for a ...

Collection Statute Expiration Date

When a company has been assessed with delinquent payroll taxes, the IRS has 10 years to collect what is owed under the collection statute. The standard expiration date of the statute is 10 years from the date the return is filed showing the balance, or 10 years from the date the IRS files a return on behalf of the company, which can occur if the business fails...

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Related topics : irs tax collection statute of limitations / irs tax collection process / irs tax collection / irs file income tax return / corporate tax return due date irs

What Corporations Are Required to File a Consolidated Tax ...

When the parent company files a consolidated Form 1120 -- the federal corporate tax return -- the financial activity of all affiliated group members are essentially combined to arrive at a single taxable income figure. The principal advantage of filing a consolidated return is that the losses of one corporation can offset the profit of another -- which means less income tax is owed than if separate returns are filed for each member corporation. Other benefits include elimination of intercompany dividends from the corporation's income and, in some cases, the ability to take certain deductions and credits that the corporations may not qualify for...

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Related topics : corporate tax return filing / corporation income tax return / file federal income tax return / consolidated tax return / corporate tax return