When are corporate taxes due?

The due date for corporate taxes depends on the jurisdiction and the type of corporation. In the United States, the due date for corporate taxes is generally the 15th day of the third month after the end of the corporation’s tax year. For example, if a corporation has a calendar year tax year (January 1 to December 31), its tax return would be due on March 15 of the following year.

In some cases, the due date for corporate taxes may be extended. For example, the Internal Revenue Service (IRS) may grant an extension of time to file a tax return to a corporation that is unable to meet the regular due date. An extension of time to file is not an extension of time to pay, so the corporation must still pay any taxes owed by the regular due date to avoid interest and penalties.

In other countries, the due dates for corporate taxes may vary. Corporations should consult with their local tax authorities for more information about the due dates for corporate taxes in their jurisdiction.

Prominent Financial Consultants offers a range of services to help our clients succeed, and we would love the opportunity to discuss how we can help you. If you would like to schedule an appointment with us, please schedule a free 15 Minute Financial Clarity Call so that we can learn more about your needs and goals or schedule your tax appointment here.