Important Estimated Tax Payment Deadlines for Q4
As we are fully immersed in the holiday spirit, we want to make sure that you stay on top of your tax deadlines affecting your businesses as well as your personal taxes.
Here are the key deadlines we would like to remind you of:
December 15, 2022
If a calendar-year C corporation, pay the fourth installment of 2022 estimated income taxes.
For calendar-year S corporation, pay the fourth installment of 2022 California Franchise Tax Board estimated tax payment.
December 31, 2022
Establish a retirement plan for 2022 (generally other than a SIMPLE, a Safe-Harbor 401(k) or a SEP).
January 16, 2023
If you’re self-employed or have other income without any tax withholding, and you make quarterly estimated tax payments, this is the due date for your final quarterly payment for the 2022 tax year.
As our year-end is typically very hectic helping clients with their year-end tax planning and strategies, please reach out to us as soon as possible if you would like us to do the following:
- Provide the payment vouchers using the safe harbor method, or
- Need a projection to come up with more accurate payment amounts due if the 2022 tax year income is significantly different from 2021 (either up or down)
For our business clients, we have already reached out to them and reminded of the Pass-Through Entity Tax (PTET) if applicable. You still have time to take an advantage from it, so please reach out to us.
Encore is here to help you with more information about the filing requirements to ensure you’re meeting all applicable deadlines.
