September 15th Deadline Nears
3rd-quarter payments of 2017 taxes are due Friday, September 15th. Payment can be made electronically at the IRS Direct Pay site and the Franchise Tax Board Web Pay site.
For information on why and how to determine your liabilities, please see my web page about paying estimated taxes.
Also due on September 15th are tax returns for S corporations and LLCs. The penalty for filing either of these returns late is $200 per month multiplied by the number of shareholders/members. There may be additional penalties for failure to distribute Schedules K-1 to the shareholders/members.
Bess Kane, CPA | 09/08/2017