January 2025 Tax Notes

Yes… it’s time to start thinking about taxes again. Here are some things to think about: Filing Deadlines Individual returns – April 15 – October 15 with extension S Corporations, Partnerships and LLCs – March 17 – September 16 with extension C Corporations – April 15– October 15 with extension Los Angeles City Tax (see …

Tax Payments For S Corp Owners

We are expected to pay taxes at the time we earn income, so we need to make tax payments during the year. This avoids penalties for underpayment of estimated taxes, and reduces the chance of being slammed with a huge bill at tax time. To avoid a penalty, you need to pay either 100% of …