Blog

Let's talk about tax deadlines for the second quarter of 2023. The April 18th filing deadline is well-known to many, but a handful of very important deadlines follow right behind it. Review the deadlines below and mark your calendars. Reach out to Holbrook & Manter with any question you may have.

April 18 – Besides being the last day for individuals to file (or extend) their 2022 personal returns and pay any tax due, first-quarter 2023 estimated tax payments for individuals, trusts, and calendar-year corporations are due today (the states of Maine and Massachusetts have an April 19^th federal deadline). …

The omnibus spending bill signed into law on Dec. 29, 2022 contains important tax provisions that can affect businesses. Included in the 4,000-page document is a 350-page package of changes to the tax rules governing employer-sponsored retirement programs such as 401(k), 403(b), and certain profit-sharing and stock bonus plans.

The package, commonly referred to as the SECURE 2.0 Act, makes dozens of important updates to the original Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. In addition to increasing individual participants’ annual contribution limits and raising the age at which they must start taking distributions,…

Changes are coming for certain business e-filers, but not until 2024. The Department of Treasury and the IRS have released final regulations for those filings returns and other important documents electronically.

According to the IRS website, those to be affected include those that file partnership returns, corporate income tax returns, unrelated business income tax returns, withholding tax returns, certain information returns, registration statements, disclosure statements, notifications, actuarial reports and certain excise tax returns. The final regulations reflect changes made by the Taxpayer First Act (TFA) to increase e-filing without undue hardship on taxpayers.

We encourage you to click here to…