Deadline for S Corporations and Partnerships

- March 15, 2023
- 5:00 pm
- Ozfield Office
- (773) 536-9272
Form 1120S and Form 1065 Due Date
Form 1120S is used by S Corporations to report their income, deductions, gains, and losses to the IRS. As a flow-through entity, the information on the Form 1120S is passed on to the shareholders, who then report this information on their individual tax returns.
Form 1065, on the other hand, is used by partnerships to report their income, deductions, gains, and losses. It provides a summary of the partnership’s financial activity for the tax year and is used to calculate each partner’s share of income, deductions, and credits.
Filing these forms on time is crucial in avoiding potential penalties and interest charges from the IRS. That’s where we come in! As a CPA firm, we help our clients navigate the complex tax laws and ensure that their forms are filed accurately and on time.
Some of the services we offer our clients include:
- Reviewing financial records and documents to ensure accuracy and completeness
- Calculating and estimating any tax liability
- Preparing and filing Forms 1120S and 1065, along with any necessary supporting schedules
- Assisting with the timely payment of any taxes owed
By working with us, you can have peace of mind knowing that your tax returns are in good hands. Our expertise and attention to detail can help to ensure that you are compliant with all tax laws and avoid any potential penalties or interest charges.
Don’t wait until the last minute. Contact us today or Schedule a Consultation and ensure your tax returns are filed on time. We are your partners in navigating the complexities of tax season.
- 9:00 AM — 5:00 PMOzfield OfficeLast Day to File Form 1120S or an ExtensionIf a business fails to file these forms on time, they may be subject to penalties. The penalties for late filing can vary depending on the severity of the violation and the length of time the form was overdue. Please send us the info prior to the deadline.
- Founder & President
- Tax Department
- 9:00 AM — 5:00 PMOzfield OfficeLast Day to File form 1065 or an ExtensionIf a partnership fails to file these forms on time, they may be subject to penalties. The penalties for late filing can vary depending on the severity of the violation and the length of time the form was overdue. Please send us the info prior to the deadline.
- Founder & President
- Tax Department