Important Tax Dates for Small Business Owners in March 2024

TLDRLearn about the two most important tax dates for small business owners in March 2024 - March 15th and March 31st. Find out when to file your tax return, extensions, and 1099 forms.

Key insights

💼March 15th is the deadline for small business owners with an S Corporation or an LLC to file their tax return or request an extension.

📝March 15th is also the due date for multi-member LLCs filing taxes as a partnership to submit their tax return or extension.

💰March 15th is the deadline to fund your SEP IRA or solo 401K if you have an LLC, partnership, or S Corporation.

📜March 31st is the deadline for businesses to file all 1099 forms with the IRS.

📅Businesses must provide 1099 forms to their contractors by the end of January, but they have until March 31st to file them with the IRS.

Q&A

What is the first important tax date for small business owners in March 2024?

The first important tax date is March 15th, which is the deadline for S Corporations, LLCs, and multi-member LLCs filing taxes as a partnership to submit their tax return or request an extension.

What should I do if my business files taxes as an S Corporation or an LLC?

If your business files taxes as an S Corporation or an LLC, you need to file your tax return or request an extension by March 15th.

What is the second important tax date for small business owners in March 2024?

The second important tax date is March 31st, which is the deadline for businesses to file all 1099 forms with the IRS.

What is the deadline to fund my SEP IRA or solo 401K?

If you have an LLC, partnership, or S Corporation, the deadline to fund your SEP IRA or solo 401K is March 15th.

When should businesses provide 1099 forms to their contractors?

Businesses must provide 1099 forms to their contractors by the end of January, but they have until March 31st to file them with the IRS.

Timestamped Summary

00:01Freedom Tax Accounting has been providing quality tax and accounting services for over 20 years.

00:13Learn about the two important tax dates for March 2024 for small business owners.

00:31The first important date is March 15th for S Corporations, LLCs, and multi-member LLCs filing taxes as a partnership.

01:46The second important date is March 31st, which is the deadline for businesses to file all 1099 forms with the IRS.

02:27Businesses must provide 1099 forms to their contractors by the end of January, but they have until March 31st to file them with the IRS.