D. S.'s Blog

Posted: Sun July 02 9:37 PM PDT  
Member: Diligen Service
Tags: accounting service, tax, accounting services, finance, business

As the year progresses, it is keen to keep track of the tax deadlines for 2023. The Internal Revenue Service (IRS) has set the official start of the 2023 tax filing season for January 2023.

 

The article provides a brief overview of the tax deadlines for 2023, including the start of the tax filing season, the tax day deadline, and the deadline for filing for a tax extension. It also mentions that state tax deadlines may differ from federal tax deadlines and that employers must provide W-2 forms to employees by January 31, 2023.

 

However, if you are unable to file before that date, you still have options. Follow the below table.

Feel free to contact us for further queries:

E-Mail: info@diligen.in

Contact: 91-9959495454 / +91- 9156614711

Tax Day Deadline

 

S.NO

Nature of Compliance

Compliance Particulars

Documents

Due date

 

1

Advance Tax

First installment for the financial year

2023-24

Challan No./

ITNS 280

15 June 2023

 

2

ITR filing

ITR filing for FY 2022-23

ITR Application Form

31 July 2023

 

3

Advance Tax

Second installment for FY 2023-24

Challan No./ITNS 280

15 September 2023

 

4

Tax audit report

Tax audit report for FY 2023-24

Form 3CA/3CB/3CD

30 September 2023

 

5

Transfer Pricing Report

Submission of reports for FY 2023-24

Form 3CEB

31 October 2023

 

6

ITR filing

(audit cases without transfer pricing)

ITR filing for FY 2023-24

Applicable ITR Form

31 October 2023

 

7

ITR filing for transfer pricing cases

ITR filing for FY 2023-24

(specified domestic or international

transactions)

Applicable ITR Form

30 November 2023

 

8

Advance tax

Third installment for FY 2023-24

Challan No. or ITNS 280

15 December 2023

 

9

Revised return or belated return filing

A Revised return or belated return for

FY 2023-24

Revised or belated return

31 December 2023

 

10

Advance tax

Fourth installment for FY 2023-24,

Single and final installment for

taxpayers opting for presumptive

taxation scheme

Challan No./ITNS 280

15 March 2024

 

Here are some FAQ’s for your reference:

 

  1. When is the tax deadline for 2023?

 

The tax deadline for most taxpayers to submit their 2022 tax returns or an extension to file and pay the tax owed is Tuesday, April 18, 2023.

 

  1. Can I file for a tax extension?

 

Yes, you can file for a tax extension using Form 4868. The deadline to file for a tax extension is April 18, 2023.

 

  1. What if I miss the tax deadline?

 

If you miss the tax deadline, you may face penalties and interest charges. It is important to file your tax return on time or request an extension to avoid these charges.

 

  1. How can I get help with my tax questions?

 

You can find answers to your tax questions on the IRS website. If you cannot find the answers you need, you can contact the IRS for help. They offer assistance in more than 350 languages with the support of professional interpreters.

 

  1. When will I receive my tax refund?

 

The IRS issues most refunds within 21 days of receiving your tax return. However, if you apply for certain credits, like the earned income tax credit or the additional child tax credit, the IRS cannot issue your refund until at least mid-February, no matter how early you file.

 

  1. Can I get a transcript or copy of Form W-2 from the IRS?

 

Yes, you can request a transcript or copy of Form W-2 from the IRS. You can do this online, by mail, or by phone.

 

To conclude, It is important to keep track of state tax deadlines, as they may differ from federal tax deadlines also to file your tax return on time or request an extension to avoid penalties and interest charges.

 


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Fri August 25 4:22 AM PDT
Thanks for sharing the comprehensive tax deadlines for 2023. It's crucial to meet them to avoid penalties

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