April 2024 tax and compliance deadlines

Welcome to April’s tax and compliance deadlines. It’s almost the end of tax season, and while you’re finalizing your clients’ returns, don’t forget about these very important deadlines. Be sure to share this list with your clients.

In April, it is recommended that you:

• File extensions for individual clients who will not meet April 15 filing deadline.
• Conduct reviews of clients’ prior year returns to determine need for amended returns.
• File extensions for corporate clients that will not meet the April 15 filing deadline.

Key Compliance Dates

Monday, April 1:

• Electronically file Form 1098, Mortgage Interest Statement, and Form 1099, Miscellaneous Information. The due date for giving the recipient these forms generally remains Jan. 31.
• Electronically file Form 1097, Bond Tax Credit; Form 1098; Form 1099; Form 3921, Exercise of an Incentive Stock Option Under Section 422(b); Form 3922, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c); and Form W-2G, Certain Gambling Winnings. File Forms 1097, 1098, 1099 (except Form 1099-NEC reporting nonemployee compensation), 3921, 3922, and W-2G with the IRS. This due date applies only if you file electronically. Otherwise, see All businesses under February 29, earlier.
• The due date for giving the recipient these forms generally remains Jan. 31.
• For other information about filing Forms 1097, 1098, 1099, 3921, 3922, and W-2G electronically, see Pub. 1220.

Wednesday, April 3—Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 27-29.

Friday, April 5—Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 30 -April 2.

Wednesday, April 10:

• Tipped employees who received $20 or more in tips during March report them to the employer on Form 4070, Employee’s Report of Tips to Employer.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 3-5.

Friday, April 12—Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 6-9.

Monday, April 15:

Individuals. File 2023 returns (Form 1040 or Form 1040-SR) and pay any tax due; alternatively, file for an automatic 6-month extension (Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return), and pay what you estimate you owe in tax to avoid penalties and interest.

Calendar-year C corporations. File 2023 returns on Form 1120; alternatively, file for an automatic six-month extension (Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns).

Corporations. File a 2023 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes. Deposit the first installment of estimated income tax for 2024.

Fiduciary. File a 2023 calendar year income tax return (Form 1041) and pay any tax due. If you want an automatic 5 ½ month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes. Deposit the first installment of estimated income tax for 2024.

Individuals and calendar-year corporations pay first installment of 2024 estimated tax.

Monthly depositors deposit FICA and withheld income tax for March.

If you’re not paying your 2024 income tax through withholding (or won’t pay in enough tax during the year that way), pay the first installment of your 2024 estimated tax. Use Form 1040-ES.

Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments made in March.

Household employers. If you paid cash wages of $2,600 or more in 2023 to a household employee, you must file Schedule H (Form 1040).

Wednesday, April 17—Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 10-12.

Friday, April 19—Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 13-16.

Wednesday, April 24—Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 17-19.

Friday, April 26—Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 20-23.

Monday, April 30—Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the first quarter of 2024 (if tax for the quarter was deposited in full and on time, file by May 10). Employers deposit federal unemployment tax owed through March if more than $500.

Intuit Accountants Resources

• The April calendar with filing deadlines and reminders for you and your clients.
• Intuit Tax Guide 2023
• Tax law changes for tax year 2023
• IRS annual inflation adjustments for tax years 2023 and 2024
• IRS annual inflation adjustments for tax years 2022 and 2023
• Key Tax Facts for 2023-24