Key dates and requirements for corporate tax filings in 2024.
Filing Deadlines
C-Corporations
- Form 1120 due: April 15, 2024
- Extension deadline: October 15, 2024
S-Corporations
- Form 1120S due: March 15, 2024
- Extension deadline: September 15, 2024
Required Documentation
- Financial Statements
- Balance sheet
- Income statement
- Cash flow statement
- Supporting Records
- Bank statements and reconciliations
- Asset purchase and depreciation records
- Payroll tax returns
- Previous years' tax returns
Late Filing Penalties
- 5% penalty per month on unpaid taxes
- Maximum penalty: 25% of unpaid taxes
- Interest charges apply from due date
File early to avoid last-minute complications
Key Points:
Key filing deadlines for different business structures
Extension request procedures
Penalties for late filing
State-specific deadline variations
Stay compliant with important corporate tax dates
FAQ
01
When is Form 1120 due?
For C-corporations operating on a calendar year, Form 1120 is typically due on April 15.
02
How do I request an extension?
File Form 7004 before your due date to receive an automatic 6-month extension.
03
What are the late filing penalties?
The penalty is typically 5% of unpaid taxes for each month the return is late, up to 25%.
