If you filed a tax extension earlier this year, your new due date is fast approaching! For S Corporations and Partnerships, the original deadline would normally be September 15, but since that falls on a Sunday this year, the deadline has been pushed to Monday, September 16. 📅
This applies to businesses that file an 1120-S for their S Corporation or a 1065 for their partnership, whether it’s an LLC with multiple members or a general partnership. The clock is ticking, and if your tax return isn’t filed by midnight on September 16, you could face some serious late penalties.
What Happens If You Miss the Deadline?
Failure to file on time could result in hefty penalties – up to $235 per partner for every month your return is late. That’s an expensive consequence you don’t want to deal with! These penalties can quickly add up and eat into your business’s profits, so it’s critical to get your taxes submitted before the deadline.
Avoid Late Fees and Penalties
Don’t let procrastination cost you. The last thing your business needs is an unexpected penalty that could have been avoided with timely filing. If you’re feeling overwhelmed or simply don’t have the time to handle your tax return, don’t worry – Atlantic Tax Services is here to help.
Our team of tax professionals has extensive experience with filing for S Corporations and Partnerships, and we’re ready to ensure your taxes are filed correctly and on time. ✅
Contact Atlantic Tax Services Today!
Need help getting your taxes filed before the September 16 deadline? Contact Atlantic Tax Services and let us take the stress out of the process. We’ll handle all the paperwork and make sure everything is in order so you can avoid late penalties and keep your business running smoothly.
Don’t wait until it’s too late! Reach out to us now to schedule a consultation and ensure you’re in compliance before the deadline.
