2023 is coming to a close and the last individual 4th quarter estimated tax payments are due January 16, 2024.

For the upcoming tax season (April 15, 2024) we will be sending out our engagement letters in December via SafeSend, to allow you to sign the letter electronically. Please be sure to sign your engagement letters as soon as possible to avoid delays in your tax preparation.

2023 Payroll Tax Returns (Forms 940, 941, 943, and 944) are due on January 31, 2024. The deadline for mailing recipients their 2023 W-2’s is January 31, 2024, with the W-3/W-2 electronic filing deadline on January 31, 2024 as well.

The individual tax deadline is April 15, 2024. However, due to processing requirements our ability to file returns beyond April 12, 2024 will be very limited. In order to meet these deadlines, UMMC must receive all information to prepare your returns by March 1, 2024. If we do not receive all information needed by March 1, 2024, but have a signed engagement letter from you, we will automatically file an extension.

Documentation must be provided as follows:

S Corporations and Partnerships (with a calendar year-end) – information will be needed by February 2, 2024; tax returns are due March 15, 2024.

Individuals and C Corporations – by March 1, 2024; tax returns are due April 15, 2024.

Nonprofits (with a calendar year-end) – by April 12, 2024; tax returns are due May 15, 2024.

Just a reminder that Form 1099 must be filed on all payments over $600 for professional services paid during the tax year with the exception of payments to corporations or payments made by credit card, these do not apply. Please begin compiling this information now and be sure to include UMMC on your list in preparation for your 2023 tax filings. You can find Form W-9 at www.irs.gov . The deadline for issuing 1099’s to recipients is January 31, 2024.