TAX SEASON 2024 IS OPEN

In the United States, the new Tax Season is starting on January 1, 2024, with the following important dates during the year. Take note so you don't forget:

• March 15, 2024 - Deadline for submitting income tax for LLCs (Partnership) with two or more partners;
• March 15, 2024 - Deadline for submitting Income Tax for S-Corporations;
• March 15, 2024 - Deadline for requesting a 06-month extension on the filing of LLC (Partnership) and S-Corporation Income Taxes.
• March 15, 2024 - Deadline for converting the tax structure of the existing company into another one before the IRS (LLC to S-Corporation, LLC to Corporation etc) so that it can be elected as of the next fiscal year on 01/01/2025.
• April 15, 2024 - Deadline for submitting Individual and Corporation Income Tax.
• April 15, 2024 - Deadline for requesting a 06-month extension on the filing of Individual and Corporation Income Taxes.
• September 16, 2024 - Deadline for submitting income tax for LLC (Partnership) companies with two or more partners that have an approved extension request.
• October 15, 2024 - Deadline for submitting the Income Tax of Individuals and Corporations with approved extension requests.

Despite the final tax filing dates, the IRS encourages companies and individuals to file their returns early in the year, so as not to overload the system with last-minute filings, and also so that individuals can quickly receive their refunds from the government for credits and other payments withheld and eligible for refund by the IRS.

It is important to remember that foreign individuals must also file an FBAR (Foreign Bank and Financial Accounts) declaration if they have current accounts of more than $10,000 outside the United States. This return must be filed on the same date as your personal or company income tax return.

Contact us today to have your income tax return filed as soon as possible and to be even with your Internal Revenue Service obligations.