You will also need to pay a quarterly tax if your business sells specified goods, like gasoline or alcohol, that require an excise sales tax.

Wondering if your business should pay taxes quarterly or annually? If your business has employees, you’ll need to file Form 941 (along with your employees’ payroll taxes) every three months.

If you’re part of a partnership, S Corp, or C Corp, you’ll need to file IRS Form 7004 to request an extension.

If you’re a sole proprietor requesting a tax extension separately from paying your estimated taxes, you’ll need to fill out IRS Form 4868.

Are you a sole proprietor planning to pay taxes online through the IRS’s tax-payment system? If so, you can pay your estimated taxes by April 18 and simultaneously extend your filing deadline by clicking extension while using the IRS’s tax-payment gateway.

It’s fastest and easiest to apply for a tax-filing extension online, but again, the process differs depending on the type of business you own: You must pay your estimated taxes on a quarterly basis or face a fine from the IRS. Filing for an extension gives you an extra six months to get your paperwork together and file.Īpplying for a tax extension only extends the date you submit your tax paperwork. This year, those deadlines were Mafor S corporations and partnerships and Apfor sole proprietorships, household employers, and C corporations. Your business taxes are due on this date if you filed for a tax-filing extension on or before this year's original tax filing deadlines. If you own a C corporation, employ household workers, or file business taxes as a sole proprietor, your business tax extension deadline is October 17, 2022.

When are federal taxes due 2021