Paying Business Taxes: When, How, and Where

Business taxes can be overwhelming! But... it doesn't have to be!

When to Pay: Business taxes are typically due on a quarterly or annual basis, depending on your business structure and income. Key deadlines include:

• Quarterly Estimated Taxes (for sole proprietors, partnerships, and S corps): Due April 15, June 15, September 15, and January 15 of the following year.

• Annual Tax Returns:

  • Sole Proprietorships & Single-Member LLCs: April 15 (file with your personal return).

  • Partnerships & Multi-Member LLCs: March 15.

  • Corporations (C Corps): April 15 (or the 15th day of the 4th month after the end of the fiscal year).

  • S Corporations: March 15.

How to Pay:

• Electronically: Use the IRS Electronic Federal Tax Payment System (EFTPS) or your business accounting software if it integrates with tax platforms.

• By Mail: Mail a check with the appropriate IRS form (e.g., 1040-ES for estimated tax).

• Through a Tax Professional: CPAs or tax preparers can handle filings and payments on your behalf.

Where to Pay:

• Federal Taxes: Pay online at www.irs.gov/payments or through EFTPS.

• State & Local Taxes: Check your state’s Department of Revenue website. Rules and portals vary by state.

Pro Tip: Always set calendar reminders for tax deadlines, and consult a tax advisor to ensure you're meeting all obligations based on your business type and location.